TD Asset Management 13F: Cuts EMCOR (EME) Stake by $12M

TD Asset Management recently trimmed its stake in EMCOR Group, Inc. (NYSE:EME) by 14,259 shares, reflecting a 4.95% decrease. As of the latest SEC filing, the fund holds 273,587 shares valued at approximately $229.35 million.

What Changed in TD Asset Management's EMCOR Group Position

TD Asset Management reduced its holdings in EMCOR Group by 14,259 shares, a 4.95% decrease from its previous count of 287,846 shares. The fund now holds 273,587 shares, valued at about $229.35 million, according to the latest Form 13F filing.

Other Institutional Activity in EMCOR Group

BlackRock, Inc. increased its holdings by 141,324 shares, bringing its total to 4,108,185 shares valued at approximately $3.03 billion, marking a 3.6% increase. Vanguard Capital Management LLC opened a new position with 2,900,198 shares worth around $2.14 billion. Similarly, Vanguard Portfolio Management LLC initiated a stake with 1,998,170 shares valued at about $1.48 billion. FMR LLC, however, reduced its position by 466,306 shares, a 19.2% decrease, to hold 1,958,824 shares worth approximately $1.45 billion. State Street Corp added 40,917 shares, a 2.2% increase, bringing its total to 1,934,709 shares valued at about $1.43 billion.

EMCOR Group, Inc. Stock Up 8.6%

On Wednesday, EMCOR Group's shares traded near $838.32. The company has a market capitalization of approximately $38.69 billion and a P/E ratio of 29.18. Its beta stands at 1.124, indicating slightly higher volatility compared to the market. Over the past 52 weeks, the stock has ranged from a low of $483.57 to a high of $951.96. The stock's 50-day moving average is $855.52, while the 200-day moving average is $725.40.

Recent Earnings

EMCOR Group reported a revenue of $17.75 billion, with a growth rate of 19.7%. The company's net margin is 7.54%, and it achieved a return on equity of 39.23%. The next earnings report is scheduled for July 30, 2026.

Dividend

EMCOR Group offers an annual dividend of $1.30, yielding 0.16%. The dividend payout ratio is 3.86%, indicating a conservative approach to dividend distribution.

Insider Buying and Selling at EMCOR Group, Inc.

In June 2026, insider Carol Lowe sold 950 shares at an average price of $844.50. Meanwhile, insiders Ronald Johnson, Amy Dahl, Robin Walker-Lee, Carol Lowe, and John Altmeyer each purchased shares, though the prices were not disclosed.

Analysts Set New Price Targets

On June 16, 2026, Cantor Fitzgerald reiterated its 'buy' rating on EMCOR Group with a price target of $1,123. Oppenheimer initiated coverage with a 'buy' rating and a $1,100 target on May 28, 2026. The consensus among analysts is a 'buy' recommendation, with a mean target price of $1,000.14 based on seven opinions.

About EMCOR Group

EMCOR Group, Inc. is a leading provider of electrical and mechanical construction services, as well as facilities and industrial services. Headquartered in Norwalk, Connecticut, the company operates in the United States and the United Kingdom. Under the leadership of CEO Anthony J. Guzzi, EMCOR employs around 44,000 people. The company's services include power transmission, energy solutions, HVAC systems, and facility management.

Bottom Line

TD Asset Management's recent reduction in EMCOR Group shares highlights ongoing adjustments in institutional portfolios. Investors often track such filings to gauge fund sentiment, but it's important to remember that 13F filings are historical and may not reflect current positions. EMCOR's solid market presence and analyst support suggest continued interest in its stock.