Mohawk Industries Inc (MHK) Files Form 4 Insider Selling : John C Jr Turner Sells 1,511 Shares

Mohawk Industries Inc (MHK): John C Jr Turner , President-Ceramic NA of Mohawk Industries Inc sold 1,511 shares on May 13, 2016. The Insider selling transaction was reported by the company on May 16, 2016 to the Securities and Exchange Commission. The shares were sold at $195.79 per share for a total value of $295,841.09 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 12, 2016, Frank H Boykin (CFO) sold 3,133 shares at $200.00 per share price.On May 11, 2016, Bernard Thiers (President-Flooring Eur and ROW) sold 14,000 shares at $198.80 per share price.Also, On Mar 21, 2016, James Brunk (Corporate Controller and CAO) sold 2,126 shares at $189.11 per share price.On Mar 15, 2016, Rodney David Patton (VP-Business Strategy and GC) sold 550 shares at $186.00 per share price.

Shares of Mohawk Industries (MHK) ended Friday, May 13, 2016 session in red amid volatile trading. The shares closed down -1.56 points or -0.80% at $194.42 with 3,20,104 shares getting traded. Post opening the session at $195.58, the shares hit an intraday low of $193.85 and an intraday high of $197.53 and the price vacillated in this range throughout the day. The company has a market cap of $14,405 M and the number of outstanding shares has been calculated to be 7,40,91,298 shares. The 52-week high of Mohawk Industries is $212.16 and the 52-week low is $148.56.

Mohawk Industries Money Flow Index Chart

Company has been under the radar of several Street Analysts.Mohawk Industries is Initiated by MKM Partners to Buy and the brokerage firm has set the Price Target at $244. The Rating was issued on Apr 12, 2016.Mohawk Industries is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 218 from a previous price target of $205 .The Rating was issued on Mar 28, 2016.Mohawk Industries is Reiterated by Barclays to Overweight while Lowering the Price Target of the company shares to $ 200 from a previous price target of $201 . The Rating was issued on Feb 29, 2016.

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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