Franklin Resources Inc. Sells 1,959 Shares of Mohawk Industries, Inc. $MHK

Franklin Resources Inc. trimmed its stake in Mohawk Industries, Inc. (NYSE:MHK) by 4.7% during the 2nd quarter, Holdings Channel reports. The firm owned 39,734 shares of the company’s stock after selling 1,959 shares during the quarter. Franklin Resources Inc.’s holdings in Mohawk Industries were worth $4,166,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MHK. JPMorgan Chase & Co. grew its position in Mohawk Industries by 12.8% in the first quarter. JPMorgan Chase & Co. now owns 3,626,004 shares of the company’s stock worth $414,017,000 after acquiring an additional 410,388 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in Mohawk Industries during the second quarter worth about $337,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Mohawk Industries by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 540,197 shares of the company’s stock worth $61,680,000 after purchasing an additional 5,939 shares in the last quarter. Royal Bank of Canada increased its position in shares of Mohawk Industries by 34.3% during the 1st quarter. Royal Bank of Canada now owns 91,119 shares of the company’s stock valued at $10,404,000 after purchasing an additional 23,252 shares during the last quarter. Finally, Inspire Investing LLC purchased a new position in shares of Mohawk Industries during the 1st quarter valued at about $312,000. 78.98% of the stock is currently owned by institutional investors.

Mohawk Industries Price Performance

Shares of Mohawk Industries stock opened at $115.49 on Tuesday. The company’s fifty day simple moving average is $118.23 and its two-hundred day simple moving average is $116.88. Mohawk Industries, Inc. has a 12-month low of $96.24 and a 12-month high of $143.13. The firm has a market cap of $7.14 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 2.38 and a beta of 1.31. The company has a quick ratio of 1.24, a current ratio of 2.25 and a debt-to-equity ratio of 0.21.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $2.67 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.01). The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.73 billion. Mohawk Industries had a net margin of 3.93% and a return on equity of 6.97%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the company posted $2.90 earnings per share. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. As a group, equities analysts expect that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 2,500 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $109.54, for a total value of $273,850.00. Following the completion of the sale, the insider owned 79,878 shares in the company, valued at approximately $8,749,836.12. This trade represents a 3.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 9,541 shares of company stock worth $1,140,653. Corporate insiders own 17.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on MHK. Barclays reduced their price target on shares of Mohawk Industries from $125.00 to $122.00 and set an “equal weight” rating on the stock in a research report on Monday, October 27th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mohawk Industries in a research note on Friday, October 31st. Wells Fargo & Company reiterated a “neutral” rating and issued a $130.00 target price on shares of Mohawk Industries in a research report on Monday, October 27th. Evercore ISI cut their price target on shares of Mohawk Industries from $124.00 to $118.00 and set an “in-line” rating for the company in a research report on Wednesday, November 19th. Finally, Vertical Research assumed coverage on Mohawk Industries in a research note on Monday, October 20th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $138.00.

Mohawk Industries 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.