Trust Point Inc. Purchases 452 Shares of EMCOR Group, Inc. (NYSE:EME)

Trust Point Inc. boosted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 24.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,288 shares of the construction company’s stock after acquiring an additional 452 shares during the period. Trust Point Inc.’s holdings in EMCOR Group were worth $1,039,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lazari Capital Management Inc. increased its stake in EMCOR Group by 8.7% during the fourth quarter. Lazari Capital Management Inc. now owns 672 shares of the construction company’s stock valued at $305,000 after acquiring an additional 54 shares during the period. Stock Yards Bank & Trust Co. grew its stake in shares of EMCOR Group by 0.7% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 58,532 shares of the construction company’s stock valued at $26,568,000 after purchasing an additional 416 shares during the period. Greenleaf Trust grew its stake in shares of EMCOR Group by 3.9% in the 4th quarter. Greenleaf Trust now owns 975 shares of the construction company’s stock valued at $443,000 after purchasing an additional 37 shares during the period. Spire Wealth Management grew its stake in shares of EMCOR Group by 52.9% in the 4th quarter. Spire Wealth Management now owns 3,906 shares of the construction company’s stock valued at $1,773,000 after purchasing an additional 1,352 shares during the period. Finally, SYM FINANCIAL Corp bought a new stake in shares of EMCOR Group in the 4th quarter valued at approximately $229,000. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Stock Performance

NYSE:EME opened at $448.80 on Tuesday. The stock’s fifty day moving average price is $483.05 and its two-hundred day moving average price is $439.71. The company has a market cap of $20.64 billion, a price-to-earnings ratio of 22.79 and a beta of 1.11. EMCOR Group, Inc. has a 52-week low of $229.75 and a 52-week high of $545.29.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date was Thursday, January 16th. EMCOR Group’s dividend payout ratio (DPR) is currently 5.08%.

Analyst Ratings Changes

Several brokerages have recently commented on EME. Northcoast Research began coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 target price on the stock. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Stifel Nicolaus began coverage on EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 target price on the stock. Finally, The Goldman Sachs Group began coverage on EMCOR Group in a report on Friday, November 22nd. They set a “sell” rating and a $445.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $518.75.

EMCOR Group Profile

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.