Forte Capital LLC ADV Has $517,000 Holdings in EMCOR Group, Inc. (NYSE:EME)

Forte Capital LLC ADV lifted its stake in EMCOR Group, Inc. (NYSE:EME) by 4.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,139 shares of the construction company’s stock after buying an additional 44 shares during the quarter. Forte Capital LLC ADV’s holdings in EMCOR Group were worth $517,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of EME. Creative Planning raised its holdings in shares of EMCOR Group by 5.3% in the 3rd quarter. Creative Planning now owns 9,939 shares of the construction company’s stock worth $4,279,000 after buying an additional 504 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of EMCOR Group by 8.4% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 697 shares of the construction company’s stock worth $300,000 after buying an additional 54 shares in the last quarter. Signaturefd LLC raised its holdings in shares of EMCOR Group by 11.7% in the 3rd quarter. Signaturefd LLC now owns 469 shares of the construction company’s stock worth $202,000 after buying an additional 49 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of EMCOR Group in the 3rd quarter worth approximately $31,140,000. Finally, IFM Investors Pty Ltd raised its holdings in shares of EMCOR Group by 7.1% in the 3rd quarter. IFM Investors Pty Ltd now owns 9,218 shares of the construction company’s stock worth $3,969,000 after buying an additional 612 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EME shares. Northcoast Research started coverage on EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 price target for the company. The Goldman Sachs Group started coverage on EMCOR Group in a report on Friday, November 22nd. They set a “sell” rating and a $445.00 price target for the company. StockNews.com cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 12th. Finally, Stifel Nicolaus began coverage on EMCOR Group in a research report on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $518.75.

EMCOR Group Stock Down 4.9 %

NYSE:EME opened at $403.75 on Friday. EMCOR Group, Inc. has a 12-month low of $254.09 and a 12-month high of $545.29. The firm has a market capitalization of $18.57 billion, a P/E ratio of 20.51 and a beta of 1.11. The stock’s fifty day simple moving average is $466.58 and its 200-day simple moving average is $446.33.

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 given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.25%. EMCOR Group’s dividend payout ratio 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.