Edmond DE Rothschild Holding S.A. Raises Stock Holdings in Mohawk Industries, Inc. $MHK

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in Mohawk Industries by 6.3% to own approximately 0.34% of the company, valued at $24.26 million as of the latest SEC filing.
• In the first quarter, several institutional investors significantly raised their stakes, with Federated Hermes Inc. increasing by 326.3% and Brooklyn Investment Group raising by 2,506.3%.
• Analysts have raised target prices for Mohawk Industries, with Barclays setting a new price objective at $125 and Robert W. Baird increasing theirs to $142, reflecting a positive outlook on the stock.

Edmond DE Rothschild Holding S.A. boosted its stake in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 6.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 212,500 shares of the company's stock after acquiring an additional 12,500 shares during the period. Edmond DE Rothschild Holding S.A. owned 0.34% of Mohawk Industries worth $24,263,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MHK. Federated Hermes Inc. boosted its holdings in Mohawk Industries by 326.3% in the first quarter. Federated Hermes Inc. now owns 243 shares of the company's stock valued at $28,000 after acquiring an additional 186 shares in the last quarter. Brooklyn Investment Group boosted its holdings in Mohawk Industries by 2,506.3% in the first quarter. Brooklyn Investment Group now owns 417 shares of the company's stock valued at $48,000 after acquiring an additional 401 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its holdings in Mohawk Industries by 40.6% in the first quarter. Resona Asset Management Co. Ltd. now owns 481 shares of the company's stock valued at $55,000 after acquiring an additional 139 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Mohawk Industries by 36.2% during the 1st quarter. Allworth Financial LP now owns 595 shares of the company's stock valued at $65,000 after buying an additional 158 shares in the last quarter. Finally, Mufg Securities Americas Inc. bought a new stake in shares of Mohawk Industries during the 4th quarter valued at $92,000. Institutional investors own 78.98% of the company's stock.

Insiders Place Their Bets

In other Mohawk Industries news, VP Rodney David Patton sold 700 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $128.05, for a total value of $89,635.00. Following the completion of the transaction, the vice president owned 17,804 shares of the company's stock, valued at approximately $2,279,802.20. The trade was a 3.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $120.81, for a total value of $1,932,960.00. Following the completion of the transaction, the chief executive officer directly owned 33,600 shares of the company's stock, valued at approximately $4,059,216. This trade represents a 32.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,500 shares of company stock worth $3,905,221 in the last 90 days. Corporate insiders own 17.40% of the company's stock.

Mohawk Industries Stock Up 2.8%

Shares of MHK traded up $3.83 during trading hours on Friday, hitting $139.25. The company had a trading volume of 1,347,034 shares, compared to its average volume of 708,350. The firm has a fifty day moving average price of $120.55 and a 200-day moving average price of $112.02. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.18 and a current ratio of 2.13. The stock has a market capitalization of $8.65 billion, a price-to-earnings ratio of 18.52, a P/E/G ratio of 3.03 and a beta of 1.25. Mohawk Industries, Inc. has a 52-week low of $96.24 and a 52-week high of $164.29.

Mohawk Industries (NYSE:MHK - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.15. The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.76 billion. Mohawk Industries had a return on equity of 7.30% and a net margin of 4.44%.Mohawk Industries's quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.00 EPS. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. On average, equities research analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on MHK shares. Evercore ISI dropped their target price on shares of Mohawk Industries from $124.00 to $123.00 and set an "in-line" rating on the stock in a report on Monday, July 28th. JPMorgan Chase & Co. boosted their target price on shares of Mohawk Industries from $139.00 to $140.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Royal Bank Of Canada restated a "sector perform" rating and set a $123.00 target price (up previously from $119.00) on shares of Mohawk Industries in a report on Monday, July 28th. Wells Fargo & Company boosted their target price on shares of Mohawk Industries from $105.00 to $115.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Finally, Barclays boosted their target price on shares of Mohawk Industries from $111.00 to $125.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $140.14.

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.