Schroder Investment Management Group Sells 93,192 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Schroder Investment Management Group cut its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 17.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 434,169 shares of the company’s stock after selling 93,192 shares during the period. Schroder Investment Management Group owned 0.69% of Mohawk Industries worth $51,723,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank purchased a new position in shares of Mohawk Industries in the fourth quarter valued at $61,171,000. American Century Companies Inc. grew its holdings in Mohawk Industries by 48.7% during the 4th quarter. American Century Companies Inc. now owns 958,818 shares of the company’s stock valued at $114,224,000 after buying an additional 313,897 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Mohawk Industries by 6.3% in the fourth quarter. JPMorgan Chase & Co. now owns 3,215,616 shares of the company’s stock worth $383,076,000 after buying an additional 191,077 shares in the last quarter. Amundi boosted its position in shares of Mohawk Industries by 117.4% in the fourth quarter. Amundi now owns 331,750 shares of the company’s stock valued at $39,239,000 after acquiring an additional 179,121 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in Mohawk Industries by 72.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 335,176 shares of the company’s stock valued at $39,930,000 after acquiring an additional 140,647 shares in the last quarter. Institutional investors own 78.98% of the company’s stock.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 10,500 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the completion of the transaction, the insider now owns 93,584 shares in the company, valued at $10,616,168.96. This represents a 10.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 17.10% of the company’s stock.

Mohawk Industries Trading Up 0.5 %

Shares of MHK stock opened at $114.29 on Tuesday. The business has a 50-day moving average of $118.70 and a 200 day moving average of $131.93. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.12. Mohawk Industries, Inc. has a 1-year low of $104.88 and a 1-year high of $164.29. The stock has a market capitalization of $7.15 billion, a PE ratio of 14.06, a P/E/G ratio of 1.44 and a beta of 1.44.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.10. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. As a group, sell-side analysts anticipate that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Loop Capital cut their price target on shares of Mohawk Industries from $180.00 to $155.00 and set a “buy” rating for the company in a report on Monday, February 10th. Raymond James restated a “strong-buy” rating and set a $165.00 target price (down from $185.00) on shares of Mohawk Industries in a research report on Monday, February 10th. Wells Fargo & Company lowered their price target on Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Wolfe Research raised 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. Finally, Barclays lowered their target price on shares of Mohawk Industries from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $146.92.

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.