Cerity Partners LLC Sells 9,443 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Cerity Partners LLC trimmed its position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 78.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,600 shares of the company's stock after selling 9,443 shares during the period. Cerity Partners LLC's holdings in Mohawk Industries were worth $310,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MHK. Russell Investments Group Ltd. grew its holdings in shares of Mohawk Industries by 1.5% during the fourth quarter. Russell Investments Group Ltd. now owns 83,807 shares of the company's stock valued at $9,984,000 after buying an additional 1,224 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Mohawk Industries by 7.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 73,000 shares of the company's stock worth $8,697,000 after purchasing an additional 5,142 shares during the period. Resona Asset Management Co. Ltd. purchased a new stake in shares of Mohawk Industries in the fourth quarter worth about $41,000. Landscape Capital Management L.L.C. raised its position in shares of Mohawk Industries by 86.2% during the 4th quarter. Landscape Capital Management L.L.C. now owns 25,458 shares of the company's stock valued at $3,033,000 after buying an additional 11,784 shares in the last quarter. Finally, Bryce Point Capital LLC bought a new stake in shares of Mohawk Industries in the 4th quarter worth about $503,000. Institutional investors own 78.98% of the company's stock.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the transaction, the insider now directly owns 93,584 shares of the company's stock, valued at approximately $10,616,168.96. This trade represents a 10.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 17.40% of the company's stock.

Mohawk Industries Trading Up 1.3 %

Shares of Mohawk Industries stock opened at $105.54 on Thursday. Mohawk Industries, Inc. has a fifty-two week low of $96.24 and a fifty-two week high of $164.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 1.44 and a beta of 1.23. The stock has a 50 day moving average of $111.75 and a 200 day moving average of $125.59.

Mohawk Industries (NYSE:MHK - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.95 EPS for the quarter, topping the consensus estimate of $1.85 by $0.10. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. As a group, research analysts predict that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the company. StockNews.com downgraded Mohawk Industries from a "buy" rating to a "hold" rating in a report on Wednesday, April 2nd. Robert W. Baird dropped their price objective on shares of Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft began coverage on shares of Mohawk Industries in a report on Tuesday, April 1st. They set a "hold" rating and a $121.00 target price for the company. Barclays cut their price target on Mohawk Industries from $125.00 to $115.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Finally, Loop Capital decreased their price objective on Mohawk Industries from $180.00 to $155.00 and set a "buy" rating for the company in a report on Monday, February 10th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $142.57.

Mohawk Industries 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.

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