Handelsbanken Fonder AB Decreases Position in EMCOR Group, Inc. (NYSE:EME)

Handelsbanken Fonder AB lessened its holdings in EMCOR Group, Inc. (NYSE:EME) by 3.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,216 shares of the construction company’s stock after selling 400 shares during the quarter. Handelsbanken Fonder AB’s holdings in EMCOR Group were worth $5,545,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Perigon Wealth Management LLC raised its position in EMCOR Group by 2.5% in the 4th quarter. Perigon Wealth Management LLC now owns 778 shares of the construction company’s stock worth $353,000 after purchasing an additional 19 shares during the period. Adirondack Trust Co. raised its position in EMCOR Group by 5.0% in the 4th quarter. Adirondack Trust Co. now owns 420 shares of the construction company’s stock worth $191,000 after purchasing an additional 20 shares during the period. Exchange Traded Concepts LLC raised its position in EMCOR Group by 1.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the construction company’s stock worth $521,000 after purchasing an additional 21 shares during the period. Caprock Group LLC increased its position in shares of EMCOR Group by 0.4% in the third quarter. Caprock Group LLC now owns 5,836 shares of the construction company’s stock valued at $2,513,000 after acquiring an additional 22 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of EMCOR Group by 14.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock valued at $90,000 after acquiring an additional 25 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

EME has been the topic of a number of analyst reports. Northcoast Research initiated coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective on the stock. StockNews.com cut shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 12th. Stifel Nicolaus initiated coverage on shares of EMCOR Group in a research report on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective on the stock. Finally, The Goldman Sachs Group initiated coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price objective on the stock. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $518.75.

EMCOR Group Trading Down 4.9 %

Shares of EME opened at $403.75 on Monday. The firm’s 50-day moving average price is $465.08 and its 200-day moving average price is $448.15. The firm has a market capitalization of $18.57 billion, a price-to-earnings ratio of 20.51 and a beta of 1.11. EMCOR Group, Inc. has a 1-year low of $254.09 and a 1-year high of $545.29.

EMCOR Group Dividend Announcement

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

About EMCOR Group

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.