Savant Capital LLC Sells 3,659 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Savant Capital LLC trimmed its position in Mohawk Industries, Inc. (NYSE:MHK) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 74,341 shares of the company’s stock after selling 3,659 shares during the period. Savant Capital LLC owned about 0.12% of Mohawk Industries worth $8,856,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mark Sheptoff Financial Planning LLC purchased a new position in Mohawk Industries in the third quarter worth about $36,000. Wilmington Savings Fund Society FSB purchased a new position in Mohawk Industries in the third quarter worth about $55,000. Blue Trust Inc. boosted its position in Mohawk Industries by 85.6% in the third quarter. Blue Trust Inc. now owns 362 shares of the company’s stock worth $58,000 after purchasing an additional 167 shares during the last quarter. True Wealth Design LLC purchased a new position in Mohawk Industries in the third quarter worth about $61,000. Finally, Versant Capital Management Inc boosted its position in Mohawk Industries by 71.0% in the fourth quarter. Versant Capital Management Inc now owns 537 shares of the company’s stock worth $64,000 after purchasing an additional 223 shares during the last quarter. 78.98% of the stock is owned by hedge funds and other institutional investors.

Mohawk Industries Stock Down 2.2 %

Shares of MHK opened at $117.73 on Tuesday. The business’s 50 day moving average is $123.93 and its 200 day moving average is $140.53. The company has a market capitalization of $7.43 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41. Mohawk Industries, Inc. has a 12-month low of $104.88 and a 12-month high of $164.29. The company has a current ratio of 2.03, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.00% and a net margin of 4.78%. Research analysts expect that Mohawk Industries, Inc. will post 10.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Mohawk Industries news, insider Suzanne L. Helen sold 9,078 shares of Mohawk Industries stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $130.86, for a total value of $1,187,947.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 19,078 shares of company stock valued at $2,474,347 in the last quarter. 17.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MHK. Raymond James reissued a “strong-buy” rating and issued a $165.00 target price (down from $185.00) on shares of Mohawk Industries in a research report on Monday. Bank of America decreased their price objective on Mohawk Industries from $152.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday. JPMorgan Chase & Co. decreased their price objective on Mohawk Industries from $161.00 to $156.00 and set an “overweight” rating on the stock in a research note on Monday. Royal Bank of Canada decreased their price objective on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a research note on Monday, October 28th. Finally, Evercore ISI decreased their price objective on Mohawk Industries from $150.00 to $140.00 and set an “in-line” rating on the stock in a research note on Monday. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Mohawk Industries has an average rating of “Moderate Buy” and a consensus price target of $147.29.

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.