SCHEDULE 13G: FMR LLC Reports 5.9% Stake in EMCOR Group Inc.

Sentiment:

Beneficial Ownership Report 5 November 2025 4:30 PM

FMR LLC and Abigail P. Johnson have reported a 5.9% beneficial ownership stake in EMCOR Group Inc. common stock as of September 30, 2025.

Summary

FMR LLC and Abigail P. Johnson collectively beneficially own 2,641,058.75 shares of EMCOR Group Inc. common stock.
This ownership represents 5.9% of the total outstanding common stock of EMCOR Group Inc.
FMR LLC holds sole voting power over 2,629,897.25 shares and sole dispositive power over 2,641,058.75 shares.
Abigail P. Johnson, as a Director, Chairman, and CEO of FMR LLC, is deemed to have shared dispositive power over the same 2,641,058.75 shares.
The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of EMCOR Group Inc.
Several FMR LLC subsidiaries, including Fidelity Management & Research Company LLC, are identified as entities that beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or greater of the outstanding shares.

Sentiment

Score: 6

Explanation: The filing is a factual disclosure of ownership, which is generally neutral. However, the continued significant stake by a major institutional investor like FMR LLC can be interpreted as a moderately positive signal of confidence in the company's long-term value, without being an explicit endorsement.

Positives

A significant institutional investor, FMR LLC, maintains a substantial 5.9% stake in EMCOR Group Inc., indicating continued confidence in the company's long-term prospects.
The filing explicitly states that the shares are held in the ordinary course of business and not for the purpose of influencing control, suggesting a passive, long-term investment approach.

Risks

None mentioned in this filing, as it is a disclosure of ownership rather than a company performance or risk assessment document.

Future Outlook

This filing does not contain any forward-looking statements or guidance from EMCOR Group Inc. management. It solely reports beneficial ownership by FMR LLC and Abigail P. Johnson.

Management Comments

"To the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This is a routine disclosure of institutional ownership, common for large asset managers like FMR LLC. It indicates continued investment interest in EMCOR Group Inc., a company operating in the construction and industrial services sector, by a major financial institution.

Corporate Governance

Change Type	Description	Effective Date	Impact Assessment
Internal Governance Structure Disclosure	The Johnson family, including Abigail P. Johnson, are predominant owners of Series B voting common shares of FMR LLC (49% voting power) and have a shareholders' voting agreement to vote Series B shares in accordance with the majority vote. This structure may deem them a controlling group with respect to FMR LLC under the Investment Company Act of 1940.		This describes the internal control structure of FMR LLC, the reporting entity, and does not indicate any changes to EMCOR Group Inc.'s corporate governance.

Related Party Transactions

Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC. They have a shareholders' voting agreement.

Stakeholder Impact

Shareholders of EMCOR Group Inc. may view the continued significant ownership by a major institutional investor like FMR LLC as a positive indicator of long-term value and stability.

Next Steps

FMR LLC and Abigail P. Johnson will continue to monitor their investment in EMCOR Group Inc.

Key Dates

Date	Description
01/03/2023	Effective date of Power of Attorney for FMR LLC.
01/10/2023	FMR LLC's Schedule 13G filed, referencing Power of Attorney.
01/26/2023	Effective date of Power of Attorney for Abigail P. Johnson.
01/31/2023	FMR LLC's Schedule 13G filed, referencing Abigail P. Johnson's Power of Attorney.
09/30/2025	Date of event which requires the filing of this statement.
11/04/2025	Date of filing of this statement.

Recommendation

hold

This Schedule 13G filing confirms a substantial, passive ownership stake by FMR LLC and its affiliates in EMCOR Group Inc. While the presence of a major institutional investor is generally a positive signal, this filing does not provide new financial or operational data for EMCOR. It simply discloses ownership, which is not sufficient information to warrant a change from a 'hold' position without further fundamental analysis of EMCOR's performance and market conditions.

Keywords

EMCOR Group, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, institutional investor, common stock, investment

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