Goelzer Investment Management 13F: Exits EMCOR (EME) Stake

Goelzer Investment Management has fully exited its position in EMCOR Group, Inc. (NYSE: EME), selling all 1,517 shares as reported in a filing on October 16, 2026. The value of the shares sold was at a recent price of $722.54 each, reflecting Goelzer's complete withdrawal from the investment.

What Changed in Goelzer Investment Management's EMCOR Group Position

Goelzer Investment Management's filing indicates a total sellout of its stake, reducing its holdings from 1,517 shares to zero. This move shows a 100% decrease in ownership, signaling a complete exit from EMCOR Group.

Other Institutional Activity in EMCOR Group

Blackrock Inc. grew its holdings by 8,627 shares, ending with 4,116,754 shares worth about $2.97 billion. Vanguard Capital Management LLC added 1,160 shares, bringing its total to 2,901,344 shares valued at approximately $2.09 billion. Meanwhile, Vanguard Portfolio Management LLC reduced its stake by 9,591 shares, resulting in 1,988,553 shares worth about $1.44 billion. State Street Corporation increased its position by 43,916 shares, totaling 1,978,559 shares valued at roughly $1.43 billion. FMR, LLC cut its shares by 624,036, leaving it with 1,334,646 shares worth about $963 million.

EMCOR Group, Inc. Stock Down 3.7%

As of October 16, 2026, EMCOR Group was recently trading around $722.54. This price reflects a strong interest in the stock, especially considering the company's solid financial performance, including a year-over-year revenue growth of 19.8%. However, the absence of an event close price means we can't compare this recent price to its performance on the filing date.

Recent Earnings

EMCOR Group reported a trailing twelve-month revenue of approximately $18.60 billion, with an earnings per share (EPS) of $32.1. The next earnings report is expected on October 29, 2026, which will provide further insights into the company's ongoing performance.

Insider Buying and Selling at EMCOR Group, Inc.

Several insiders have sold shares of EMCOR recently. On April 30, 2026, Steven Schwarzwaelder, a Director, sold 5,602 shares at an average price of $895.19, totaling about $5.01 million. On May 1, 2026, John W. Altmeyer, also a Director, sold 2,500 shares for around $2.24 million at an average price of $895.00. William P. Reid sold 2,000 shares on May 11, 2026, at an average price of $925.78, amounting to about $1.85 million. Finally, Carol P. Lowe sold 950 shares on June 17, 2026, at an average price of $844.50, totaling about $802,275.

Analysts Set New Price Targets

On July 31, 2026, UBS maintained its rating of Buy for EMCOR with a new price target of $1,065, up from $975. Oppenheimer also maintained an Outperform rating with a revised target of $1,200, increased from $1,100. Additionally, Cantor Fitzgerald maintained an Overweight rating with a new target of $1,047, down from $1,123.

About EMCOR Group

EMCOR Group, Inc. provides electrical and mechanical construction along with facilities services in the United States and the UK. The company operates in the industrial sector, focusing on engineering and construction services.

Bottom Line

The complete exit from EMCOR Group by Goelzer Investment Management marks a notable shift in its investment strategy. The company will report its next earnings on October 29, 2026, which will be key to monitor for further insights into its performance. Keep in mind that this filing reflects Goelzer's holdings as of the reporting period and may not represent its current position.