Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,149 shares of the company’s stock after acquiring an additional 400 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Mohawk Industries were worth $4,262,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Sun Life Financial INC grew its holdings in shares of Mohawk Industries by 5,675.0% in the 2nd quarter. Sun Life Financial INC now owns 462 shares of the company’s stock worth $112,000 after acquiring an additional 454 shares during the last quarter. First Personal Financial Services grew its holdings in shares of Mohawk Industries by 6.6% in the 2nd quarter. First Personal Financial Services now owns 568 shares of the company’s stock worth $137,000 after acquiring an additional 35 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Mohawk Industries by 18.6% in the 2nd quarter. IFP Advisors Inc now owns 625 shares of the company’s stock worth $151,000 after acquiring an additional 98 shares during the last quarter. First Manhattan Co. acquired a new position in shares of Mohawk Industries in the 2nd quarter worth $160,000. Finally, Bridgewater Wealth & Financial Management LLC acquired a new position in shares of Mohawk Industries in the 2nd quarter worth $203,000. 76.59% of the stock is currently owned by hedge funds and other institutional investors.

MHK has been the topic of a number of research analyst reports. ValuEngine upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Royal Bank Of Canada restated an “outperform” rating and issued a $300.00 target price (up previously from $291.00) on shares of Mohawk Industries in a research note on Monday, October 30th. Cleveland Research downgraded Mohawk Industries from a “buy” rating to a “neutral” rating in a research note on Friday, September 22nd. J P Morgan Chase & Co boosted their target price on Mohawk Industries from $250.00 to $285.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Finally, Zacks Investment Research downgraded Mohawk Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $281.42.

Mohawk Industries, Inc. (NYSE:MHK) traded up $0.25 during midday trading on Monday, hitting $280.57. The company had a trading volume of 376,300 shares, compared to its average volume of 485,082. Mohawk Industries, Inc. has a fifty-two week low of $196.50 and a fifty-two week high of $286.85. The company has a quick ratio of 0.77, a current ratio of 1.48 and a debt-to-equity ratio of 0.23. The firm has a market cap of $20,780.00, a PE ratio of 20.86, a PEG ratio of 2.54 and a beta of 1.37.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, October 26th. The company reported $3.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.74 by $0.01. Mohawk Industries had a return on equity of 16.03% and a net margin of 10.37%. The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period in the previous year, the company posted $3.50 earnings per share. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. sell-side analysts predict that Mohawk Industries, Inc. will post 13.52 earnings per share for the current fiscal year.

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Mohawk Industries 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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