Savant Capital LLC Reduces Stock Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Savant Capital LLC decreased its stake in Mohawk Industries, Inc. (NYSE:MHK) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 74,341 shares of the company’s stock after selling 3,659 shares during the quarter. Savant Capital LLC’s holdings in Mohawk Industries were worth $8,856,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its holdings in shares of Mohawk Industries by 2.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,024,539 shares of the company’s stock worth $485,983,000 after purchasing an additional 74,123 shares during the period. FMR LLC boosted its holdings in shares of Mohawk Industries by 52.3% in the 3rd quarter. FMR LLC now owns 2,179,510 shares of the company’s stock worth $350,204,000 after purchasing an additional 748,070 shares during the period. State Street Corp boosted its holdings in shares of Mohawk Industries by 1.3% in the 3rd quarter. State Street Corp now owns 1,846,446 shares of the company’s stock worth $296,687,000 after purchasing an additional 23,016 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Mohawk Industries by 33.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,011,861 shares of the company’s stock worth $162,586,000 after purchasing an additional 254,779 shares during the period. Finally, Wilsey Asset Management Inc. boosted its holdings in shares of Mohawk Industries by 4.4% in the 4th quarter. Wilsey Asset Management Inc. now owns 198,514 shares of the company’s stock worth $23,649,000 after purchasing an additional 8,351 shares during the period. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MHK. Robert W. Baird dropped their price objective on Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating for the company in a report on Monday. JPMorgan Chase & Co. dropped their price objective on Mohawk Industries from $161.00 to $156.00 and set an “overweight” rating for the company in a report on Monday. Wolfe Research upgraded Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a report on Wednesday, January 8th. Baird R W upgraded Mohawk Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, October 21st. Finally, Royal Bank of Canada dropped their price objective on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating for the company in a report on Monday, October 28th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.29.

Mohawk Industries Trading Down 2.2 %

Shares of NYSE MHK opened at $117.73 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $123.93 and a two-hundred day simple moving average of $140.53. The firm has a market cap of $7.43 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41. Mohawk Industries, Inc. has a twelve month low of $104.88 and a twelve month high of $164.29.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.95 EPS for the quarter, topping the consensus estimate of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.00% and a net margin of 4.78%. Analysts expect that Mohawk Industries, Inc. will post 10.71 earnings per share for the current fiscal year.

Insider Transactions at Mohawk Industries

In other news, insider Suzanne L. Helen sold 4,000 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $126.11, for a total value of $504,440.00. Following the completion of the transaction, the insider now directly owns 104,084 shares of the company’s stock, valued at approximately $13,126,033.24. The trade was a 3.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 19,078 shares of company stock valued at $2,474,347. Corporate insiders own 17.10% of the company’s stock.

Mohawk Industries Company Profile

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.