Insider Filing On Watch: Mohawk Industries, Inc. (NYSE:MHK) director Cock De, Bought $750000 in Stock

November 30, 2016 - By Linda Rogers

Insider Filing On Watch: Mohawk Industries, Inc. (NYSE:MHK) director Cock De, Bought $750000 in Stock

Cock De Insider Buy

As published in a document submitted to the D.C. based-SEC on 30/11/2016, Cock De an insider in Mohawk Industries Inc and currently director, bought shares worth $750,000 US Dollars in the Pinksheet-listed company. He acquired 3,750 new shares, at average $200.0 per share. This deal decreased his ownership of Mohawk Industries Inc to 0.28% stock market cap or 205,589 shares.

Mohawk Industries, Inc. (NYSE:MHK) Ratings Coverage

Out of 12 analysts covering Mohawk (NYSE:MHK), 9 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 75% are positive. $244 is the highest target while $185 is the lowest. The $218.27 average target is 8.92% above today’s ($200.39) stock price. Mohawk has been the topic of 18 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Stifel Nicolaus given on Monday, August 10. The firm has “Outperform” rating by Barclays Capital given on Tuesday, October 13. The firm earned “Overweight” rating on Thursday, April 7 by Barclays Capital. On Tuesday, March 15 the stock rating was downgraded by JP Morgan to “Neutral”. Topeka Capital Markets initiated Mohawk Industries, Inc. (NYSE:MHK) on Tuesday, May 24 with “Hold” rating. The stock of Mohawk Industries, Inc. (NYSE:MHK) has “Outperform” rating given on Monday, August 10 by RBC Capital Markets. Bank of America initiated Mohawk Industries, Inc. (NYSE:MHK) rating on Friday, September 23. Bank of America has “Neutral” rating and $235 price target. RBC Capital Markets maintained it with “Outperform” rating and $211 target price in Monday, November 9 report. The rating was upgraded by Bank of America to “Buy” on Wednesday, October 12. The firm has “Buy” rating by M Partners given on Tuesday, April 12.

Insitutional Activity: The institutional sentiment decreased to 1.18 in Q2 2016. Its down 0.05, from 1.23 in 2016Q1. The ratio is negative, as 31 funds sold all Mohawk Industries, Inc. shares owned while 150 reduced positions. 68 funds bought stakes while 154 increased positions. They now own 56.04 million shares or 7.09% less from 60.31 million shares in 2016Q1.

Southeast Asset Advsr accumulated 0.71% or 11,328 shares. New Mexico Educational Retirement Board accumulated 0.06% or 7,400 shares. Finemark National Bank Trust accumulated 8,823 shares or 0.19% of the stock. Royal National Bank & Trust Of Canada last reported 103,322 shares in the company. The Florida-based State Board Of Administration Of Florida Retirement Systems has invested 0.05% in Mohawk Industries, Inc. (NYSE:MHK). Luminus Limited Liability Company holds 22,030 shares or 0.12% of its portfolio. Patten Gp Incorporated has 114 shares for 0% of their US portfolio. Blackrock Limited accumulated 0.05% or 479,096 shares. Moreover, Weik Inv Services has 4.15% invested in Mohawk Industries, Inc. (NYSE:MHK) for 36,605 shares. Cacti Asset Mngmt has 0.06% invested in the company for 2,716 shares. Hudock Capital Grp Limited Liability holds 0.01% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK) for 143 shares. Bnp Paribas Invest Prtnrs holds 4,771 shares or 0.01% of its portfolio. Bancorporation Of America De last reported 0.01% of its portfolio in the stock. Shinko Asset Mgmt Limited last reported 164 shares in the company. Lone Pine Capital Ltd Liability Corp, a Connecticut-based fund reported 1.82 million shares.

Insider Transactions: Since June 7, 2016, the stock had 0 insider buys, and 10 insider sales for $10.97 million net activity. $1.91M worth of shares were sold by HELEN SUZANNE L on Thursday, August 11. WELLBORN CHISTOPHER also sold $2.05M worth of Mohawk Industries, Inc. (NYSE:MHK) on Tuesday, June 7. Carson Brian had sold 1,942 shares worth $416,124 on Monday, August 8. $784,140 worth of shares were sold by De Cock Frans Georges on Thursday, August 25. On Wednesday, August 31 Patton Rodney David sold $330,438 worth of the stock or 1,555 shares.

About 16,455 shares traded hands. Mohawk Industries, Inc. (NYSE:MHK) has risen 1.43% since April 27, 2016 and is uptrending. It has underperformed by 3.80% the S&P500.

Mohawk Industries, Inc. is a flooring maker that creates products for residential and commercial spaces around the world. The company has a market cap of $14.92 billion. The Company’s manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile and vinyl flooring. It has a 16.82 P/E ratio. It operates in three divisions: Global Ceramic, which designs, makes, sources, distributes and markets a line of ceramic tile, porcelain tile and natural stone products; Flooring North America (Flooring NA), which designs, makes, sources, distributes and markets carpet, laminate, carpet pad, rugs, hardwood and vinyl, including LVT, in a range of colors, textures and patterns, and Flooring Rest of the World (Flooring ROW), which designs, makes, sources, distributes and markets laminate, hardwood flooring, roofing elements, insulation boards, medium-density fiberboard, chipboards and vinyl flooring products.

According to Zacks Investment Research, “Mohawk Industries, Inc. is one of the leading producers of woven and tufted broadloom carpet and rugs for principally residential applications. The company designs, manufactures and markets carpet and rugs in a broad range of colors, textures and patterns. The company is widely recognized through its premier brand names, some of which are Mohawk, Aladdin, American Rug Craftsmen, American Weavers, Bigelow, and Custom Weave.”

Analysts await Mohawk Industries, Inc. (NYSE:MHK) to report earnings on February, 23. They expect $3.23 earnings per share, up 14.54% or $0.41 from last year’s $2.82 per share. MHK’s profit will be $240.49 million for 15.51 P/E if the $3.23 EPS becomes a reality. After $3.50 actual earnings per share reported by Mohawk Industries, Inc. for the previous quarter, Wall Street now forecasts -7.71% negative EPS growth.

More important recent Mohawk Industries, Inc. (NYSE:MHK) news were published by: Prnewswire.com which released: “Mohawk Industries, Inc. Invites You to Join the Third Quarter 2016 Conference ..” on October 03, 2016, also Prnewswire.com published article titled: “How These Consumer Goods Stocks are Faring? — GoPro, Callaway Golf, Mohawk ..”, Prnewswire.com published: “Mohawk Industries Reports Record Third Quarter” on November 03, 2016. More interesting news about Mohawk Industries, Inc. (NYSE:MHK) was released by: Prnewswire.com and their article: “Mohawk Industries Reports Record Second Quarter” with publication date: August 04, 2016.

MHK Company Profile

Mohawk Industries, Inc. (Mohawk), incorporated on December 22, 1988, is a flooring maker that creates products for residential and commercial spaces around the world. The Firm operates in three divisions: Global Ceramic, Flooring North America (Flooring NA) and Flooring Rest of the World (Flooring ROW). The Company’s manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile (LVT) and vinyl flooring. The Company’s trademarks include American Olean, Bigelow, Daltile, Durkan, IVC, Karastan, Lees, Marazzi, Mohawk, Pergo, Quick-Step and Unilin. Mohawk has activities in Australia, Brazil, Canada, Europe, India, Malaysia, Mexico, New Zealand, Russia and the United States.

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