293,810 Shares in Mohawk Industries, Inc. $MHK Purchased by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon purchased 293,810 Mohawk Industries shares during the second quarter, valued at approximately $35.6 million, giving it a 0.43% stake. Institutional investors collectively own 78.98% of the company.
• Mohawk reported quarterly earnings of $3.67 per share, exceeding estimates of $2.58, while revenue rose 6.8% year over year to $2.99 billion. The company issued third-quarter 2026 EPS guidance of $2.38–$2.48.
• Analysts maintain a consensus “Hold” rating with an average price target of $130.50, close to the stock’s reported trading price of $130.29. Company insiders have sold 115,882 shares worth approximately $14.6 million over the past 90 days.

Bank of New York Mellon Corp purchased a new position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 293,810 shares of the company's stock, valued at approximately $35,648,000. Bank of New York Mellon Corp owned about 0.43% of Mohawk Industries at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MHK. Focus Partners Advisor Solutions LLC purchased a new position in shares of Mohawk Industries during the 2nd quarter worth about $623,000. State of Wyoming purchased a new stake in Mohawk Industries in the second quarter valued at approximately $2,307,000. Wilsey Asset Management Inc. increased its position in Mohawk Industries by 3.6% during the second quarter. Wilsey Asset Management Inc. now owns 313,981 shares of the company's stock worth $38,095,000 after purchasing an additional 10,877 shares during the last quarter. LifeGoal Investments LLC purchased a new position in Mohawk Industries during the second quarter worth approximately $225,000. Finally, Elevation Wealth Partners LLC raised its stake in Mohawk Industries by 122.2% during the second quarter. Elevation Wealth Partners LLC now owns 220 shares of the company's stock worth $27,000 after purchasing an additional 121 shares during the period. Hedge funds and other institutional investors own 78.98% of the company's stock.

Mohawk Industries Trading Up 0.4%

MHK opened at $130.29 on Friday. Mohawk Industries, Inc. has a 12-month low of $92.99 and a 12-month high of $143.13. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.13. The stock has a market capitalization of $8.83 billion, a PE ratio of 17.26, a P/E/G ratio of 1.87 and a beta of 1.18. The firm's fifty day moving average price is $122.45 and its 200 day moving average price is $113.12.

Mohawk Industries (NYSE:MHK - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $3.67 EPS for the quarter, topping analysts' consensus estimates of $2.58 by $1.09. Mohawk Industries had a return on equity of 7.50% and a net margin of 4.15%.The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same period last year, the firm earned $2.77 earnings per share. The company's revenue for the quarter was up 6.8% compared to the same quarter last year. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. As a group, research analysts expect that Mohawk Industries, Inc. will post 9.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wall Street Zen raised shares of Mohawk Industries from a "hold" rating to a "buy" rating in a research note on Sunday, June 21st. JPMorgan Chase & Co. cut their target price on Mohawk Industries from $143.00 to $138.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 6th. Weiss Ratings raised Mohawk Industries from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 6th. Wells Fargo & Company upped their price target on Mohawk Industries from $115.00 to $125.00 and gave the stock an "equal weight" rating in a research note on Monday, August 3rd. Finally, Robert W. Baird raised their price objective on Mohawk Industries from $112.00 to $132.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, Mohawk Industries has a consensus rating of "Hold" and an average target price of $130.50.

Insider Transactions at Mohawk Industries

In related news, Director Bernard Thiers sold 13,393 shares of the company's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $134.98, for a total transaction of $1,807,787.14. Following the completion of the transaction, the director directly owned 93,633 shares in the company, valued at $12,638,582.34. This represents a 12.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Suzanne L. Helen sold 1,000 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $139.48, for a total value of $139,480.00. Following the completion of the sale, the insider directly owned 6,132 shares in the company, valued at $855,291.36. This represents a 14.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 115,882 shares of company stock valued at $14,603,948 over the last 90 days. Insiders own 17.90% of the company's stock.

Mohawk Industries Profile

Mohawk Industries, Inc is a global flooring manufacturer that designs, produces and distributes a broad range of floor covering products for both residential and commercial applications. Headquartered in Calhoun, Georgia, the company traces its roots to 1878 and has expanded through a series of strategic acquisitions and organic growth initiatives. Over the decades, Mohawk has built a vertically integrated platform encompassing yarn manufacturing, fiber production, wood and laminate finishing, and ceramic tile fabrication, enabling tight control over product quality and supply chain efficiency.

The company's product portfolio includes residential and commercial carpet, ceramic and porcelain tile, laminate, wood and natural stone flooring, luxury vinyl, and innovative surface solutions.

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