Quantinno Capital Management LP Sells 3,382 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Quantinno Capital Management LP lowered its position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 10.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,092 shares of the company's stock after selling 3,382 shares during the period. Quantinno Capital Management LP's holdings in Mohawk Industries were worth $3,347,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MHK. Norges Bank purchased a new position in Mohawk Industries during the fourth quarter valued at $61,171,000. Millennium Management LLC grew its position in Mohawk Industries by 66.2% during the fourth quarter. Millennium Management LLC now owns 898,322 shares of the company's stock valued at $107,017,000 after buying an additional 357,687 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Mohawk Industries by 35.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,366,517 shares of the company's stock valued at $162,793,000 after acquiring an additional 354,656 shares during the period. American Century Companies Inc. raised its stake in shares of Mohawk Industries by 48.7% in the fourth quarter. American Century Companies Inc. now owns 958,818 shares of the company's stock worth $114,224,000 after buying an additional 313,897 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Mohawk Industries by 16.3% during the 4th quarter. Invesco Ltd. now owns 1,725,383 shares of the company's stock valued at $205,545,000 after acquiring an additional 241,448 shares during the period. Institutional investors own 78.98% of the company's stock.

Insiders Place Their Bets

In other news, insider Suzanne L. Helen sold 10,500 shares of the business's stock in a transaction that occurred 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 sale, the insider now owns 93,584 shares in the company, valued at $10,616,168.96. The trade was a 10.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.40% of the stock is owned by company insiders.

Mohawk Industries Price Performance

MHK traded down $1.20 during trading on Friday, reaching $101.12. 375,688 shares of the stock were exchanged, compared to its average volume of 754,162. Mohawk Industries, Inc. has a 1 year low of $96.24 and a 1 year high of $164.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.12. The business's 50 day moving average price is $107.16 and its two-hundred day moving average price is $118.67. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of 12.44, a P/E/G ratio of 1.44 and a beta of 1.24.

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MHK. Royal Bank of Canada reduced their price objective on shares of Mohawk Industries from $130.00 to $119.00 and set a "sector perform" rating on the stock in a research report on Monday, May 5th. Loop Capital dropped their target price on Mohawk Industries from $180.00 to $155.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Wells Fargo & Company decreased their target price on Mohawk Industries from $130.00 to $105.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Barclays cut their price objective on shares of Mohawk Industries from $115.00 to $111.00 and set an "equal weight" rating on the stock in a research note on Monday, May 5th. Finally, Robert W. Baird cut their target price on shares of Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $140.00.

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.