Deutsche Bank AG Grows Stock Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Deutsche Bank AG increased its holdings in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 63.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 432,038 shares of the company's stock after purchasing an additional 167,292 shares during the period. Deutsche Bank AG owned approximately 0.68% of Mohawk Industries worth $51,469,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Resona Asset Management Co. Ltd. bought a new stake in Mohawk Industries in the fourth quarter worth $41,000. R Squared Ltd bought a new position in Mohawk Industries during the fourth quarter valued at $66,000. Huntington National Bank increased its position in Mohawk Industries by 27.4% during the fourth quarter. Huntington National Bank now owns 554 shares of the company's stock valued at $66,000 after acquiring an additional 119 shares during the last quarter. Jones Financial Companies Lllp increased its position in Mohawk Industries by 233.0% during the fourth quarter. Jones Financial Companies Lllp now owns 716 shares of the company's stock valued at $85,000 after acquiring an additional 501 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in Mohawk Industries during the fourth quarter valued at $88,000. Institutional investors own 78.98% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on MHK shares. Evercore ISI cut their price objective on shares of Mohawk Industries from $150.00 to $140.00 and set an "in-line" rating on the stock in a research report on Monday, February 10th. Robert W. Baird cut their price objective on shares of Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. JPMorgan Chase & Co. cut their price objective on shares of Mohawk Industries from $156.00 to $139.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Loop Capital cut their price objective on shares of Mohawk Industries from $180.00 to $155.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Finally, Royal Bank of Canada lowered their target price on shares of Mohawk Industries from $130.00 to $119.00 and set a "sector perform" rating for the company in a research note on Monday, May 5th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $140.00.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of the stock in a transaction dated 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 completion of the sale, the insider now directly owns 93,584 shares of the company's stock, valued at approximately $10,616,168.96. This represents a 10.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 17.40% of the company's stock.

Mohawk Industries Stock Up 0.4%

NYSE:MHK traded up $0.40 during mid-day trading on Friday, reaching $108.15. The company's stock had a trading volume of 700,734 shares, compared to its average volume of 755,170. Mohawk Industries, Inc. has a 1 year low of $96.24 and a 1 year high of $164.29. The stock has a fifty day moving average of $108.11 and a 200-day moving average of $120.16. The firm has a market capitalization of $6.76 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 1.44 and a beta of 1.24. The company has a quick ratio of 1.12, a current ratio of 2.06 and a debt-to-equity ratio of 0.22.

Mohawk Industries (NYSE:MHK - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $1.52 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.11. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period in the prior year, the firm earned $1.86 earnings per share. The firm's revenue for the quarter was down 5.7% compared to the same quarter last year. Equities research analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

About Mohawk Industries

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.