Putnam Fl Investment Management Co adds Mohawk Industries (MHK) to its portfolio

Mohawk Industries (MHK) : Putnam Fl Investment Management Co added new position in Mohawk Industries during the most recent quarter end. The investment management firm now holds 27,085 shares of Mohawk Industries which is valued at $5,649,389 , the company said in a statement filed on Aug 1, 2016 with the SEC.Mohawk Industries makes up approximately 0.65% of Putnam Fl Investment Management Co’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in MHK by selling 68,784 shares or 80.5% in the most recent quarter. The Hedge Fund company now holds 16,658 shares of MHK which is valued at $3,474,526. Mohawk Industries makes up approx 0.04% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Huntington National Bank reduced its stake in MHK by selling 176 shares or 1.56% in the most recent quarter. The Hedge Fund company now holds 11,107 shares of MHK which is valued at $2,275,491. Mohawk Industries makes up approx 0.06% of Huntington National Bank’s portfolio.Ls Investment Advisors boosted its stake in MHK in the latest quarter, The investment management firm added 15 additional shares and now holds a total of 2,301 shares of Mohawk Industries which is valued at $467,264. Mohawk Industries makes up approx 0.03% of Ls Investment Advisors’s portfolio.Nordea Investment Management Ab boosted its stake in MHK in the latest quarter, The investment management firm added 28,248 additional shares and now holds a total of 68,225 shares of Mohawk Industries which is valued at $13,724,823. Mohawk Industries makes up approx 0.04% of Nordea Investment Management Ab’s portfolio. V Wealth Managementllc added MHK to its portfolio by purchasing 6,739 company shares during the most recent quarter which is valued at $1,355,685. Mohawk Industries makes up approx 1.07% of V Wealth Managementllc’s portfolio.

Mohawk Industries closed down -0.88 points or -0.42% at $207.7 with 8,48,726 shares getting traded on Thursday. Post opening the session at $208.58, the shares hit an intraday low of $206.16 and an intraday high of $208.59 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Mohawk Industries reported $3.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $3.37. The company had revenue of $2310.00 million for the quarter, compared to analysts expectations of $2350.69 million. The company’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.69 EPS.

Many Wall Street Analysts have commented on Mohawk Industries. Topeka Capital Markets Initiated Mohawk Industries on May 24, 2016 to “Hold”, Price Target of the shares are set at $185.

Mohawk Industries Inc. is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company operates in three segments: the Carpet segment the Ceramic segment and the Laminate and Wood segment. The Carpet segment designs manufactures sources distributes and markets its carpet and rug product lines in a range of colors textures and patterns for residential and commercial applications. The Ceramic segment designs manufactures sources distributes and markets a line of ceramic tile porcelain tile and natural stone products. The Laminate and Wood segment designs manufactures sources licenses distributes and markets laminate and hardwood flooring. Its manufacturing and distribution processes provide carpet rugs ceramic tile laminate wood stone and vinyl flooring. Its brands include American Olean Bigelow Daltile Durkan Karastan Kerama Marazzi Lees Marazzi Mohawk Pergo Quick-Step and Unilin.

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