Glenmede Trust Co. NA Sells 7,184 Shares of EMCOR Group, Inc. $EME

Glenmede Trust Co. NA decreased its position in EMCOR Group, Inc. (NYSE:EME) by 64.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,023 shares of the construction company’s stock after selling 7,184 shares during the period. Glenmede Trust Co. NA’s holdings in EMCOR Group were worth $2,970,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swiss RE Ltd. purchased a new stake in EMCOR Group in the fourth quarter worth $25,000. Ascentis Independent Advisors purchased a new position in shares of EMCOR Group during the 1st quarter valued at $27,000. Zions Bancorporation National Association UT purchased a new position in shares of EMCOR Group during the 4th quarter valued at $28,000. Activest Wealth Management grew its stake in shares of EMCOR Group by 800.0% during the 4th quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock worth $33,000 after acquiring an additional 48 shares during the period. Finally, Richardson Financial Services Inc. grew its stake in shares of EMCOR Group by 71.9% during the 4th quarter. Richardson Financial Services Inc. now owns 55 shares of the construction company’s stock worth $34,000 after acquiring an additional 23 shares during the period. 92.59% of the stock is owned by institutional investors.

EMCOR Group Stock Performance

Shares of NYSE EME opened at $820.80 on Wednesday. EMCOR Group, Inc. has a fifty-two week low of $564.92 and a fifty-two week high of $951.96. The stock has a market cap of $36.21 billion, a PE ratio of 25.53 and a beta of 1.14. The stock has a fifty day moving average of $799.73 and a 200-day moving average of $790.86.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.23 by $1.83. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%.The business had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter in the prior year, the firm posted $6.72 EPS. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, sell-side analysts predict that EMCOR Group, Inc. will post 33.05 EPS for the current year.

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, July 15th. EMCOR Group’s dividend payout ratio is presently 4.98%.

Insider Buying and Selling

In other news, Director Carol P. Lowe sold 950 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total value of $802,275.00. Following the completion of the transaction, the director directly owned 17,278 shares in the company, valued at approximately $14,591,271. This trade represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William P. Reid sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $925.78, for a total transaction of $1,851,560.00. Following the sale, the director directly owned 10,149 shares in the company, valued at $9,395,741.22. This trade represents a 16.46% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.73% of the stock is currently owned by company insiders.

Analyst Ratings Changes

EME has been the topic of a number of research reports. Stifel Nicolaus set a $918.00 price objective on EMCOR Group in a research note on Thursday, April 30th. Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research note on Friday, July 17th. Cantor Fitzgerald reissued an “overweight” rating and issued a $1,123.00 price target on shares of EMCOR Group in a research report on Tuesday, June 16th. Finally, UBS Group boosted their price target on shares of EMCOR Group from $975.00 to $1,065.00 and gave the company a “buy” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, EMCOR Group currently has an average rating of “Moderate Buy” and a consensus price target of $898.75.

About EMCOR Group

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.