Curated Wealth Partners LLC Has $645,000 Holdings in EMCOR Group, Inc. (NYSE:EME)

Curated Wealth Partners LLC lessened its holdings in EMCOR Group, Inc. (NYSE:EME) by 53.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,422 shares of the construction company’s stock after selling 1,636 shares during the period. Curated Wealth Partners LLC’s holdings in EMCOR Group were worth $645,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new stake in EMCOR Group during the 3rd quarter worth about $33,000. Anchor Investment Management LLC raised its holdings in EMCOR Group by 89.3% during the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock worth $39,000 after acquiring an additional 50 shares in the last quarter. True Wealth Design LLC boosted its position in 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 purchasing an additional 104 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in EMCOR Group in the third quarter valued at approximately $49,000. Finally, Prospera Private Wealth LLC acquired a new position in shares of EMCOR Group during the 3rd quarter worth approximately $55,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on EME. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Northcoast Research began coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $600.00 price target for the company. Stifel Nicolaus began coverage on shares of EMCOR Group in a research note on Friday, November 15th. They set a “buy” rating and a $600.00 price objective on the stock. Finally, The Goldman Sachs Group began coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a “sell” rating and a $445.00 target price for the company. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group Price Performance

Shares of EMCOR Group stock opened at $531.64 on Friday. EMCOR Group, Inc. has a 1 year low of $220.45 and a 1 year high of $545.29. The company has a market capitalization of $24.46 billion, a price-to-earnings ratio of 27.00 and a beta of 1.12. The business has a fifty day simple moving average of $490.19 and a two-hundred day simple moving average of $436.48.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping the consensus estimate of $4.98 by $0.82. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. EMCOR Group’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.61 EPS. As a group, equities analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.19%. EMCOR Group’s dividend payout ratio (DPR) is currently 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.