Public Employees Retirement System of Ohio Has $3.31 Million Stake in Mohawk Industries, Inc. (NYSE:MHK)

Public Employees Retirement System of Ohio grew its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,569 shares of the company’s stock after purchasing an additional 336 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Mohawk Industries were worth $3,305,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Quest Partners LLC lifted its position in Mohawk Industries by 40.0% during the 2nd quarter. Quest Partners LLC now owns 294 shares of the company’s stock worth $33,000 after buying an additional 84 shares in the last quarter. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Mohawk Industries during the third quarter worth approximately $36,000. Headlands Technologies LLC bought a new stake in shares of Mohawk Industries during the second quarter valued at approximately $50,000. Blue Trust Inc. increased its holdings in shares of Mohawk Industries by 85.6% in the third quarter. Blue Trust Inc. now owns 362 shares of the company’s stock valued at $58,000 after purchasing an additional 167 shares in the last quarter. Finally, True Wealth Design LLC acquired a new stake in shares of Mohawk Industries in the third quarter valued at approximately $61,000. Institutional investors own 78.98% of the company’s stock.

Mohawk Industries Price Performance

Shares of MHK stock opened at $126.71 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. Mohawk Industries, Inc. has a 12-month low of $96.28 and a 12-month high of $164.29. The firm has a fifty day moving average of $142.06 and a 200-day moving average of $139.11. The firm has a market capitalization of $8.00 billion, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 1.45 and a beta of 1.38.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Barclays decreased their price objective on Mohawk Industries from $146.00 to $141.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 11th. Jefferies Financial Group lifted their price objective on Mohawk Industries from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Wells Fargo & Company upgraded shares of Mohawk Industries from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $140.00 to $160.00 in a research report on Monday, October 7th. Baird R W upgraded shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 21st. Finally, Truist Financial dropped their price target on shares of Mohawk Industries from $184.00 to $155.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.25.

Insiders Place Their Bets

In other news, insider Suzanne L. Helen sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $135.48, for a total transaction of $270,960.00. Following the sale, the insider now owns 2,453 shares of the company’s stock, valued at $332,332.44. This trade represents a 44.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 17.10% of the company’s stock.

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.