Wells Fargo & Company MN Lowers Stock Position in Mohawk Industries, Inc. (NYSE:MHK)

Wells Fargo & Company MN decreased its holdings in Mohawk Industries, Inc. ( NYSE:MHK – Free Report ) by 9.7% in the 4th quarter, Holdings Channel reports.

The firm owned 80,644 shares of the company’s stock after selling 8,689 shares during the period. Wells Fargo & Company MN’s holdings in Mohawk Industries were worth $9,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other large investors have also recently bought and sold shares of the business.



Norges Bank purchased a new stake in shares of Mohawk Industries in the fourth quarter valued at about $61,171,000. Massachusetts Financial Services Co. MA increased its position in Mohawk Industries by 35.

0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,366,517 shares of the company’s stock valued at $162,793,000 after acquiring an additional 354,656 shares during the period.

American Century Companies Inc. raised its stake in Mohawk Industries by 48.7% during the 4th 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 during the last quarter. JPMorgan Chase & Co.

lifted its position in Mohawk Industries by 6.3% during the 4th quarter. JPMorgan Chase & Co.

now owns 3,215,616 shares of the company’s stock worth $383,076,000 after acquiring an additional 191,077 shares during the period. Finally, Amundi grew its stake in shares of Mohawk Industries by 117.4% in the 4th quarter.

Amundi now owns 331,750 shares of the company’s stock valued at $39,239,000 after purchasing an additional 179,121 shares during the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Insider Buying and Selling at Mohawk Industries In other news, insider Suzanne L. Helen sold 10,500 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $113.

44, for a total value of $1,191,120.00. Following the sale, the insider now directly owns 93,584 shares in the company, valued at $10,616,168.

96. This represents a 10.09 % decrease in their ownership of the stock.

The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website . 17.40% of the stock is currently owned by insiders.

Mohawk Industries Stock Performance Mohawk Industries ( NYSE:MHK – Get Free Report ) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.

85 by $0.10. Mohawk Industries had a return on equity of 8.

04% and a net margin of 4.78%. Sell-side analysts expect that Mohawk Industries, Inc.

will post 9.8 EPS for the current fiscal year. Analyst Ratings Changes Several equities research analysts have recently commented on MHK shares.

StockNews.com cut Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, April 2nd. Truist Financial reduced their target price on shares of Mohawk Industries from $155.

00 to $148.00 and set a “buy” rating for the company in a research note on Monday, February 10th. The Goldman Sachs Group lowered their target price on shares of Mohawk Industries from $170.

00 to $145.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Barclays cut their price target on shares of Mohawk Industries from $125.

00 to $115.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co.

lowered their price objective on Mohawk Industries from $161.00 to $156.00 and set an “overweight” rating on the stock in a report on Monday, February 10th.

Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Mohawk Industries presently has a consensus rating of “Moderate Buy” and an average target price of $142.

57. Check Out Our Latest Stock Analysis on Mohawk Industries Mohawk Industries Company Profile ( Free Report ) 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.

Further Reading Want to see what other hedge funds are holding MHK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mohawk Industries, Inc. ( NYSE:MHK – Free Report ).

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