Vest Financial LLC Purchases 1,815 Shares of EMCOR Group, Inc. (NYSE:EME)

Vest Financial LLC grew its position in EMCOR Group, Inc. (NYSE:EME) by 52.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,264 shares of the construction company’s stock after buying an additional 1,815 shares during the quarter. Vest Financial LLC’s holdings in EMCOR Group were worth $2,389,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in EMCOR Group during the 3rd quarter valued at about $33,000. True Wealth Design LLC lifted its position in shares of EMCOR Group by 3,466.7% during the third quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock valued at $46,000 after buying an additional 104 shares during the last quarter. SJS Investment Consulting Inc. boosted its holdings in shares of EMCOR Group by 494.7% in the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock valued at $51,000 after buying an additional 94 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in shares of EMCOR Group during the 3rd quarter worth approximately $49,000. Finally, Prospera Private Wealth LLC purchased a new stake in EMCOR Group during the third quarter valued at approximately $55,000. Institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on EME shares. Northcoast Research began coverage on EMCOR Group in a research note on Friday, November 22nd. They set a “buy” rating and a $600.00 price target on the stock. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. The Goldman Sachs Group initiated coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They set a “sell” rating and a $445.00 price target on the stock. Finally, Stifel Nicolaus initiated coverage on shares of EMCOR Group in a report on Friday, November 15th. They set a “buy” rating and a $600.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, EMCOR Group presently has a consensus rating of “Moderate Buy” and an average target price of $518.75.

EMCOR Group Trading Down 1.3 %

Shares of NYSE EME opened at $461.07 on Friday. The company has a 50 day simple moving average of $477.56 and a two-hundred day simple moving average of $441.75. The stock has a market cap of $21.21 billion, a price-to-earnings ratio of 23.42 and a beta of 1.11. EMCOR Group, Inc. has a 12 month low of $238.94 and a 12 month high of $545.29.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.22%. 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.