Strs Ohio raised its stake in Mohawk Industries, Inc. (NYSE:MHK) by 15.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,379 shares of the company’s stock after buying an additional 840 shares during the period. Strs Ohio’s holdings in Mohawk Industries were worth $1,541,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in MHK. Wilbanks Smith & Thomas Asset Management LLC boosted its position in Mohawk Industries by 0.7% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 1,519 shares of the company’s stock valued at $349,000 after buying an additional 11 shares during the last quarter. BTC Capital Management Inc. boosted its position in Mohawk Industries by 1.1% in the first quarter. BTC Capital Management Inc. now owns 1,265 shares of the company’s stock valued at $289,000 after buying an additional 14 shares during the last quarter. ING Groep NV boosted its position in Mohawk Industries by 0.4% in the second quarter. ING Groep NV now owns 4,877 shares of the company’s stock valued at $1,179,000 after buying an additional 19 shares during the last quarter. IFP Advisors Inc boosted its position in Mohawk Industries by 5.6% in the first quarter. IFP Advisors Inc now owns 527 shares of the company’s stock valued at $121,000 after buying an additional 28 shares during the last quarter. Finally, Cleararc Capital Inc. boosted its position in Mohawk Industries by 2.3% in the first quarter. Cleararc Capital Inc. now owns 1,550 shares of the company’s stock valued at $356,000 after buying an additional 35 shares during the last quarter. Institutional investors own 76.31% of the company’s stock.

Shares of Mohawk Industries, Inc. (NYSE MHK) opened at 245.43 on Friday. Mohawk Industries, Inc. has a 52 week low of $175.52 and a 52 week high of $252.89. The stock’s market cap is $18.24 billion. The stock’s 50 day moving average price is $245.96 and its 200 day moving average price is $234.13.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, July 27th. The company reported $3.72 EPS for the quarter, beating the Zacks’ consensus estimate of $3.60 by $0.12. Mohawk Industries had a net margin of 10.54% and a return on equity of 16.45%. The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same quarter last year, the business earned $3.47 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities research analysts anticipate that Mohawk Industries, Inc. will post $13.53 EPS for the current fiscal year.

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Several equities analysts have issued reports on the company. BidaskClub cut Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Sunday, July 30th. Stifel Nicolaus boosted their target price on Mohawk Industries from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, May 1st. MKM Partners reiterated a “buy” rating and set a $286.00 target price (up previously from $255.00) on shares of Mohawk Industries in a research report on Wednesday, August 2nd. Zacks Investment Research cut Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $267.00 target price on shares of Mohawk Industries in a research report on Monday, July 24th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $266.64.

In related news, Director Cock Frans Georges De sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $238.27, for a total transaction of $238,270.00. Following the transaction, the director now owns 13,016 shares in the company, valued at $3,101,322.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Rodney David Patton sold 387 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $242.00, for a total transaction of $93,654.00. Following the transaction, the vice president now owns 7,061 shares in the company, valued at approximately $1,708,762. The disclosure for this sale can be found here. Insiders have sold 7,587 shares of company stock worth $1,823,768 in the last quarter. Company 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.

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

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