Russell Investments Group Ltd. decreased its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 27.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 37,394 shares of the company’s stock after selling 14,225 shares during the period. Russell Investments Group Ltd. owned 0.05% of Mohawk Industries worth $9,039,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Gilman Hill Asset Management LLC boosted its position in shares of Mohawk Industries by 8.0% in the second quarter. Gilman Hill Asset Management LLC now owns 2,631 shares of the company’s stock worth $636,000 after buying an additional 195 shares during the period. First Citizens Bank & Trust Co. boosted its position in shares of Mohawk Industries by 250.1% in the second quarter. First Citizens Bank & Trust Co. now owns 12,484 shares of the company’s stock worth $3,017,000 after buying an additional 8,918 shares during the period. Oakbrook Investments LLC boosted its position in shares of Mohawk Industries by 5.0% in the second quarter. Oakbrook Investments LLC now owns 4,855 shares of the company’s stock worth $1,173,000 after buying an additional 230 shares during the period. US Bancorp DE boosted its position in shares of Mohawk Industries by 3.9% in the second quarter. US Bancorp DE now owns 29,366 shares of the company’s stock worth $7,097,000 after buying an additional 1,112 shares during the period. Finally, Atalanta Sosnoff Capital LLC boosted its position in shares of Mohawk Industries by 27.7% in the second quarter. Atalanta Sosnoff Capital LLC now owns 240,442 shares of the company’s stock worth $58,112,000 after buying an additional 52,095 shares during the period. 76.50% of the stock is currently owned by hedge funds and other institutional investors.

Mohawk Industries, Inc. (NYSE MHK) traded up 0.99% during mid-day trading on Wednesday, hitting $252.41. 171,194 shares of the stock were exchanged. The firm’s market capitalization is $18.76 billion. The company’s 50-day moving average price is $246.11 and its 200 day moving average price is $234.90. Mohawk Industries, Inc. has a 52 week low of $175.52 and a 52 week high of $252.89.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, July 27th. The company reported $3.72 EPS for the quarter, topping the Zacks’ consensus estimate of $3.60 by $0.12. The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.45 billion. Mohawk Industries had a net margin of 10.54% and a return on equity of 16.45%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.47 EPS. Equities research analysts expect that Mohawk Industries, Inc. will post $13.52 EPS for the current year.

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A number of research analysts have recently issued reports on the company. Zacks Investment Research cut Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. MKM Partners reaffirmed a “buy” rating and set a $286.00 price objective (up from $255.00) on shares of Mohawk Industries in a research note on Wednesday, August 2nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $291.00 price objective on shares of Mohawk Industries in a research note on Monday, July 31st. BidaskClub cut Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Sunday, July 30th. Finally, Credit Suisse Group assumed coverage on Mohawk Industries in a research note on Thursday, June 22nd. They set an “outperform” rating and a $274.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $266.64.

In other Mohawk Industries news, VP Rodney David Patton sold 137 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $246.78, for a total value of $33,808.86. Following the transaction, the vice president now directly owns 6,924 shares in the company, valued at approximately $1,708,704.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Cock Frans Georges De sold 1,000 shares of the company’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $238.27, for a total transaction of $238,270.00. Following the completion of the transaction, the director now owns 13,016 shares in the company, valued at $3,101,322.32. The disclosure for this sale can be found here. Insiders sold a total of 7,724 shares of company stock worth $1,857,577 over the last 90 days. Insiders own 17.10% of the company’s stock.

Mohawk Industries Company Profile

Mohawk Industries, Inc is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company’ segments include Global Ceramic, Flooring North America (Flooring NA) and Flooring Rest of the World (Flooring ROW). Its manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile and vinyl flooring.

Institutional Ownership by Quarter for Mohawk Industries (NYSE:MHK)

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