Mohawk Industries, Inc. $MHK Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 9.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,898 shares of the company’s stock after purchasing an additional 334 shares during the period. Vontobel Holding Ltd.’s holdings in Mohawk Industries were worth $409,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Federated Hermes Inc. increased its position in Mohawk Industries by 326.3% during the 1st quarter. Federated Hermes Inc. now owns 243 shares of the company’s stock worth $28,000 after purchasing an additional 186 shares during the period. Brooklyn Investment Group grew its holdings in shares of Mohawk Industries by 2,506.3% in the 1st quarter. Brooklyn Investment Group now owns 417 shares of the company’s stock worth $48,000 after acquiring an additional 401 shares during the period. Resona Asset Management Co. Ltd. grew its holdings in shares of Mohawk Industries by 40.6% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 481 shares of the company’s stock worth $55,000 after acquiring an additional 139 shares during the period. Allworth Financial LP grew its holdings in shares of Mohawk Industries by 36.2% in the 1st quarter. Allworth Financial LP now owns 595 shares of the company’s stock worth $65,000 after acquiring an additional 158 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Mohawk Industries in the 1st quarter worth approximately $149,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Trading Up 5.3%

Shares of Mohawk Industries stock opened at $125.63 on Wednesday. Mohawk Industries, Inc. has a fifty-two week low of $96.24 and a fifty-two week high of $164.29. The firm has a market cap of $7.81 billion, a PE ratio of 16.71, a P/E/G ratio of 3.58 and a beta of 1.29. The business’s fifty day moving average is $129.11 and its two-hundred day moving average is $114.60. The company has a quick ratio of 1.18, a current ratio of 2.13 and a debt-to-equity ratio of 0.21.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, July 24th. The company reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates of $2.62 by $0.15. Mohawk Industries had a return on equity of 7.30% and a net margin of 4.44%.The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the prior year, the company posted $3.00 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. Analysts anticipate that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Robert W. Baird upped their price target on Mohawk Industries from $130.00 to $142.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Royal Bank Of Canada restated a “sector perform” rating and issued a $123.00 price target (up previously from $119.00) on shares of Mohawk Industries in a report on Monday, July 28th. Evercore ISI lowered their target price on Mohawk Industries from $124.00 to $123.00 and set an “in-line” rating on the stock in a report on Monday, July 28th. JPMorgan Chase & Co. increased their target price on Mohawk Industries from $139.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Finally, Wells Fargo & Company increased their target price on Mohawk Industries from $120.00 to $140.00 and gave the company an “equal weight” rating in a report on Thursday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $140.54.

Insiders Place Their Bets

In related news, insider Suzanne L. Helen sold 2,500 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $120.60, for a total value of $301,500.00. Following the transaction, the insider directly owned 91,084 shares of the company’s stock, valued at approximately $10,984,730.40. This trade represents a 2.67% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $120.81, for a total value of $1,932,960.00. Following the completion of the transaction, the chief executive officer directly owned 33,600 shares in the company, valued at $4,059,216. This trade represents a 32.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,791 shares of company stock worth $4,357,225. 17.40% of the stock is owned by company insiders.

About Mohawk Industries

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.