Mezzasalma Advisors LLC Buys 361 Shares of EMCOR Group, Inc. (NYSE:EME)

Mezzasalma Advisors LLC increased its stake in EMCOR Group, Inc. (NYSE:EME) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,458 shares of the construction company’s stock after purchasing an additional 361 shares during the quarter. EMCOR Group comprises about 1.7% of Mezzasalma Advisors LLC’s holdings, making the stock its 15th largest position. Mezzasalma Advisors LLC’s holdings in EMCOR Group were worth $5,201,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Perigon Wealth Management LLC grew its position in EMCOR Group by 2.5% during the fourth quarter. Perigon Wealth Management LLC now owns 778 shares of the construction company’s stock worth $353,000 after buying an additional 19 shares in the last quarter. Adirondack Trust Co. increased its position in shares of EMCOR Group by 5.0% in the fourth 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 last quarter. Exchange Traded Concepts LLC raised its stake in EMCOR Group by 1.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the construction company’s stock valued at $521,000 after purchasing an additional 21 shares in the last quarter. Caprock Group LLC lifted its position in EMCOR Group by 0.4% during the third quarter. Caprock Group LLC now owns 5,836 shares of the construction company’s stock valued at $2,513,000 after purchasing an additional 22 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in EMCOR Group by 14.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock worth $90,000 after buying an additional 25 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Trading Down 1.3 %

NYSE EME opened at $461.07 on Friday. The firm has a market cap of $21.21 billion, a PE ratio of 23.42 and a beta of 1.11. EMCOR Group, Inc. has a 1-year low of $238.94 and a 1-year high of $545.29. The stock has a 50-day moving average of $478.56 and a 200-day moving average of $441.16.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group’s dividend payout ratio is 5.08%.

Analysts Set New Price Targets

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

EMCOR Group Company Profile

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.