Sumitomo Mitsui Trust Group Inc. Has $1.81 Million Position in Mohawk Industries, Inc. (NYSE:MHK)

Sumitomo Mitsui Trust Group Inc. cut its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 2.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 11,286 shares of the company’s stock after selling 287 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Mohawk Industries were worth $1,813,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of MHK. Quest Partners LLC increased its position in shares of Mohawk Industries by 40.0% during the second quarter. Quest Partners LLC now owns 294 shares of the company’s stock worth $33,000 after acquiring an additional 84 shares in the last quarter. Blue Trust Inc. increased its holdings in Mohawk Industries by 85.6% during the 3rd quarter. Blue Trust Inc. now owns 362 shares of the company’s stock worth $58,000 after purchasing an additional 167 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Mohawk Industries in the 2nd quarter valued at about $50,000. Capital Performance Advisors LLP bought a new stake in shares of Mohawk Industries in the third quarter valued at about $73,000. Finally, AM Squared Ltd acquired a new position in shares of Mohawk Industries during the second quarter worth about $68,000. 78.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MHK. Royal Bank of Canada dropped their target price on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. Jefferies Financial Group boosted their price objective on shares of Mohawk Industries from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Bank of America upgraded shares of Mohawk Industries from an “underperform” rating to a “buy” rating and increased their target price for the stock from $120.00 to $177.00 in a report on Friday, July 26th. JPMorgan Chase & Co. boosted their price target on shares of Mohawk Industries from $124.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, Baird R W upgraded shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 21st. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Mohawk Industries currently has an average rating of “Moderate Buy” and a consensus target price of $162.08.

Insider Transactions at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 2,300 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $151.15, for a total transaction of $347,645.00. Following the completion of the sale, the insider now owns 119,369 shares of the company’s stock, valued at $18,042,624.35. This trade represents a 1.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 17.10% of the stock is currently owned by corporate insiders.

Mohawk Industries Price Performance

Shares of NYSE MHK opened at $135.64 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average price is $150.29 and its two-hundred day moving average price is $136.98. The company has a market cap of $8.56 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38. Mohawk Industries, Inc. has a twelve month low of $82.71 and a twelve month high of $164.29.

Mohawk Industries Company 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.