Chicago Partners Investment Group LLC Increases Stake in Mohawk Industries, Inc. $MHK

Core Insights - Chicago Partners Investment Group LLC increased its stake in Mohawk Industries by 230.0% in Q3, owning 6,180 shares valued at $734,000 [2] - Institutional investors and hedge funds collectively own 78.98% of Mohawk Industries [3] Institutional Activity - Goldman Sachs raised its stake by 14.1% in Q1, now holding 344,797 shares valued at $39,369,000 after acquiring 42,655 additional shares [3] - UBS AM increased its stake by 0.6% in Q1, owning 193,977 shares worth $22,148,000 after acquiring 1,175 shares [3] - Wealth Enhancement Advisory Services LLC grew its position by 190.5% in Q2, now owning 15,031 shares valued at $1,666,000 [3] - Farther Finance Advisors LLC increased its stake by 85.6% in Q2, now holding 2,437 shares valued at $255,000 [3] Insider Activity - Insider Suzanne L. Helen sold 2,700 shares at an average price of $109.00, totaling $294,300, reducing her ownership by 3.82% [4] - Corporate insiders sold 17,600 shares valued at $1,945,754 in the last ninety days, with insiders owning 17.40% of the stock [4] Analyst Ratings - Barclays set a price target of $121.00 for Mohawk Industries [5] - Raymond James reissued a "strong-buy" rating with a price target of $150.00, up from $140.00 [5] - Jefferies Financial Group lowered its price target from $134.00 to $128.00, maintaining a "hold" rating [5] - The consensus rating for Mohawk Industries is "Moderate Buy" with an average price target of $133.83 [6] Company Performance - Mohawk Industries reported Q3 earnings of $2.67 per share, missing the consensus estimate by $0.01, with revenue of $2.76 billion, exceeding expectations [8] - The company's quarterly revenue increased by 1.4% year-over-year [8] - Mohawk Industries has a market cap of $7.46 billion, a PE ratio of 17.97, and a debt-to-equity ratio of 0.21 [7] Company Overview - Mohawk Industries is a global flooring manufacturer, producing a wide range of floor covering products for residential and commercial applications [9] - The company has a vertically integrated platform, controlling product quality and supply chain efficiency [9]