Edmond DE Rothschild Holding S.A. Grows Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Edmond DE Rothschild Holding S.A. grew its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 14.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 200,000 shares of the company’s stock after purchasing an additional 25,000 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Mohawk Industries were worth $23,826,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC lifted its holdings in Mohawk Industries by 52.3% during the 3rd quarter. FMR LLC now owns 2,179,510 shares of the company’s stock valued at $350,204,000 after buying an additional 748,070 shares in the last quarter. Norges Bank purchased a new position in shares of Mohawk Industries during the fourth quarter worth approximately $61,171,000. American Century Companies Inc. raised its stake in shares of Mohawk Industries by 48.7% during the fourth quarter. American Century Companies Inc. now owns 958,818 shares of the company’s stock valued at $114,224,000 after acquiring an additional 313,897 shares in the last quarter. JPMorgan Chase & Co. boosted 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 valued at $383,076,000 after purchasing an additional 191,077 shares during the period. Finally, Amundi grew its stake in Mohawk Industries by 117.4% in the fourth quarter. Amundi now owns 331,750 shares of the company’s stock worth $39,239,000 after purchasing an additional 179,121 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mohawk Industries

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

Mohawk Industries Stock Down 2.9 %

Mohawk Industries stock opened at $113.78 on Monday. The business has a fifty day moving average price of $119.00 and a 200-day moving average price of $132.18. 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 $7.12 billion, a price-to-earnings ratio of 14.00, a PEG ratio of 1.44 and a beta of 1.44. 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 (NYSE:MHK) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.04% and a net margin of 4.78%. Equities research analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MHK has been the subject of a number of research analyst reports. The Goldman Sachs Group decreased their target price on Mohawk Industries from $170.00 to $145.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. StockNews.com cut shares of Mohawk Industries from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Bank of America reduced their price target on shares of Mohawk Industries from $152.00 to $150.00 and set a “buy” rating for the company in a report on Monday, February 10th. Loop Capital dropped their price objective on shares of Mohawk Industries from $180.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Finally, Wells Fargo & Company reduced their price objective on shares of Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $146.92.

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.