Edmond DE Rothschild Holding S.A. Takes Position in Mohawk Industries, Inc. $MHK

Key Points

• Edmond DE Rothschild Holding initiated a 300,000-share position in Mohawk Industries valued at approximately $36.4 million, while institutional investors collectively own 78.98% of the company.
• Analyst sentiment remains mixed: Truist raised its target to $155 and maintained a buy rating, but the broader consensus is “Hold” with an average price target of $130.50.
• Mohawk exceeded quarterly expectations, reporting $3.67 in EPS versus the $2.58 consensus and $2.99 billion in revenue, up 6.8% year over year; however, insiders sold $15.1 million of stock over the past three months.

Edmond DE Rothschild Holding S.A. bought a new position in shares of 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 (SEC). The fund bought 300,000 shares of the company's stock, valued at approximately $36,399,000. Edmond DE Rothschild Holding S.A. owned approximately 0.44% of Mohawk Industries at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Mohawk Industries in the 2nd quarter worth $25,000. Elevation Wealth Partners LLC grew its stake in shares of Mohawk Industries by 122.2% during the second quarter. Elevation Wealth Partners LLC now owns 220 shares of the company's stock valued at $27,000 after acquiring an additional 121 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in shares of Mohawk Industries during the fourth quarter worth about $27,000. Global Retirement Partners LLC increased its position in shares of Mohawk Industries by 950.0% during the fourth quarter. Global Retirement Partners LLC now owns 252 shares of the company's stock worth $28,000 after acquiring an additional 228 shares during the last quarter. Finally, Basecamp Wealth Advisors LLC lifted its stake in shares of Mohawk Industries by 2,281.8% in the first quarter. Basecamp Wealth Advisors LLC now owns 262 shares of the company's stock worth $26,000 after acquiring an additional 251 shares in the last quarter. 78.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wall Street Zen raised Mohawk Industries from a "hold" rating to a "buy" rating in a report on Sunday, June 21st. Truist Financial upped their target price on Mohawk Industries from $135.00 to $155.00 and gave the company a "buy" rating in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $121.00 target price on shares of Mohawk Industries in a research note on Tuesday, August 4th. Robert W. Baird raised their price target on shares of Mohawk Industries from $112.00 to $132.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. Finally, Barclays lifted their price target on shares of Mohawk Industries from $109.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Monday, August 3rd. One 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 company's stock. According to MarketBeat, Mohawk Industries has an average rating of "Hold" and a consensus target price of $130.50.

Mohawk Industries Stock Performance

Shares of MHK stock opened at $135.26 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.92 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average of $119.30 and a two-hundred day moving average of $112.69. Mohawk Industries, Inc. has a 52 week low of $92.99 and a 52 week high of $143.13. The company has a market cap of $9.16 billion, a P/E ratio of 17.91, a PEG ratio of 1.96 and a beta of 1.18.

Mohawk Industries (NYSE:MHK - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $3.67 earnings per share for the quarter, topping analysts' consensus estimates of $2.58 by $1.09. The business had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $2.79 billion. Mohawk Industries had a return on equity of 7.50% and a net margin of 4.15%.The business's quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.77 EPS. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. As a group, analysts anticipate that Mohawk Industries, Inc. will post 9.69 EPS for the current year.

Insider Buying and Selling

In other news, insider Suzanne L. Helen sold 16,600 shares of the company's stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $112.97, for a total transaction of $1,875,302.00. Following the completion of the transaction, the insider owned 14,132 shares in the company, valued at approximately $1,596,492.04. This represents a 54.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bernard Thiers sold 13,393 shares of the stock in a transaction dated 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 sale, the director directly owned 93,633 shares in the company, valued at approximately $12,638,582.34. This trade represents a 12.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 120,882 shares of company stock worth $15,131,598 in the last three months. 17.90% of the stock is owned by insiders.

Mohawk Industries Company 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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