Janus Henderson Group PLC raised its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 399.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,392 shares of the company’s stock after acquiring an additional 27,503 shares during the quarter. Janus Henderson Group PLC’s holdings in Mohawk Industries were worth $8,312,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sun Life Financial INC lifted its stake in Mohawk Industries by 5,675.0% in the second quarter. Sun Life Financial INC now owns 462 shares of the company’s stock valued at $112,000 after acquiring an additional 454 shares during the last quarter. First Personal Financial Services lifted its stake in Mohawk Industries by 6.6% in the second quarter. First Personal Financial Services now owns 568 shares of the company’s stock valued at $137,000 after acquiring an additional 35 shares during the last quarter. IFP Advisors Inc lifted its stake in Mohawk Industries by 18.6% in the second quarter. IFP Advisors Inc now owns 625 shares of the company’s stock valued at $151,000 after acquiring an additional 98 shares during the last quarter. First Manhattan Co. acquired a new stake in Mohawk Industries in the second quarter valued at approximately $160,000. Finally, Bridgewater Wealth & Financial Management LLC acquired a new stake in Mohawk Industries in the second quarter valued at approximately $203,000. Hedge funds and other institutional investors own 76.91% of the company’s stock.

Mohawk Industries, Inc. (NYSE MHK) opened at 264.52 on Monday. Mohawk Industries, Inc. has a 1-year low of $175.52 and a 1-year high of $264.68. The firm’s market capitalization is $19.66 billion. The company’s 50-day moving average is $254.52 and its 200 day moving average is $244.12.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, July 27th. The company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.12. Mohawk Industries had a return on equity of 16.45% and a net margin of 10.54%. The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter last year, the firm posted $3.47 EPS. The company’s quarterly revenue was up 6.2% on a year-over-year basis. On average, equities analysts expect that Mohawk Industries, Inc. will post $13.49 EPS for the current fiscal year.

A number of analysts have recently weighed in on MHK shares. ValuEngine upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Northcoast Research started coverage on shares of Mohawk Industries in a research note on Thursday, October 5th. They issued a “buy” rating and a $295.00 price objective for the company. Zacks Investment Research cut shares of Mohawk Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. BidaskClub cut shares of Mohawk Industries from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Nomura restated a “buy” rating and issued a $288.00 price objective (up from $280.00) on shares of Mohawk Industries in a research note on Thursday, September 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. Mohawk Industries currently has a consensus rating of “Buy” and a consensus target price of $273.55.

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In other Mohawk Industries news, VP Rodney David Patton sold 137 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $246.78, for a total transaction of $33,808.86. Following the completion of the sale, the vice president now owns 6,924 shares of the company’s stock, valued at approximately $1,708,704.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Jeffrey S. Lorberbaum sold 19,700 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $254.95, for a total value of $5,022,515.00. Following the sale, the chairman now directly owns 21,396 shares of the company’s stock, valued at approximately $5,454,910.20. The disclosure for this sale can be found here. Company insiders own 17.00% of the company’s stock.

About Mohawk Industries

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.

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

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