As Ing Groep N.V. Adr (ING) Share Price Rose, Holder Jarislowsky Fraser LTD Has Lowered Its Holding by $505,872; Brown Brothers Harriman & Co Increased Its Mohawk Industries (MHK) Stake by $471,276 as Stock Rose

February 22, 2018 - By Michael Collier

Brown Brothers Harriman & Co increased its stake in Mohawk Industries Inc (MHK) by 56.63% based on its latest 2017Q3 regulatory filing with the SEC. Brown Brothers Harriman & Co bought 1,908 shares as the company’s stock rose 3.82% with the market. The institutional investor held 5,277 shares of the consumer durables company at the end of 2017Q3, valued at $1.31 million, up from 3,369 at the end of the previous reported quarter. Brown Brothers Harriman & Co who had been investing in Mohawk Industries Inc for a number of months, seems to be bullish on the $18.51 billion market cap company. The stock increased 1.04% or $2.57 during the last trading session, reaching $248.97. About 377,165 shares traded. Mohawk Industries, Inc. (NYSE:MHK) has risen 20.32% since February 22, 2017 and is uptrending. It has outperformed by 3.62% the S&P500.

Jarislowsky Fraser Ltd decreased its stake in Ing Groep N.V. Adr (ING) by 12.16% based on its latest 2017Q3 regulatory filing with the SEC. Jarislowsky Fraser Ltd sold 28,104 shares as the company’s stock rose 17.61% with the market. The institutional investor held 202,968 shares of the finance company at the end of 2017Q3, valued at $3.74 million, down from 231,072 at the end of the previous reported quarter. Jarislowsky Fraser Ltd who had been investing in Ing Groep N.V. Adr for a number of months, seems to be less bullish one the $66.05 billion market cap company. The stock increased 0.25% or $0.05 during the last trading session, reaching $18.11. About 2.33 million shares traded. ING Groep N.V. (NYSE:ING) has risen 45.69% since February 22, 2017 and is uptrending. It has outperformed by 28.99% the S&P500.

Since September 5, 2017, it had 1 buying transaction, and 2 sales for $7.09 million activity. Shares for $125,435 were bought by RUNGE WILLIAM HENRY III on Wednesday, February 14. 19,700 shares valued at $5.02 million were sold by LORBERBAUM JEFFREY S on Tuesday, September 5.

Among 19 analysts covering Mohawk (NYSE:MHK), 16 have Buy rating, 0 Sell and 3 Hold. Therefore 84% are positive. Mohawk had 48 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Monday, August 10 by RBC Capital Markets. The stock of Mohawk Industries, Inc. (NYSE:MHK) earned “Overweight” rating by Barclays Capital on Thursday, April 7. The firm earned “Buy” rating on Monday, November 20 by Robert W. Baird. The stock of Mohawk Industries, Inc. (NYSE:MHK) earned “Buy” rating by RBC Capital Markets on Monday, June 19. Wells Fargo initiated Mohawk Industries, Inc. (NYSE:MHK) on Thursday, September 29 with “Market Perform” rating. The firm has “Buy” rating by RBC Capital Markets given on Monday, October 30. The firm has “Neutral” rating by JP Morgan given on Tuesday, March 15. Robert W. Baird initiated the stock with “Outperform” rating in Tuesday, November 3 report. The firm has “Buy” rating given on Monday, February 12 by Longbow. RBC Capital Markets maintained the shares of MHK in report on Tuesday, November 14 with “Buy” rating.

Investors sentiment increased to 1.1 in 2017 Q3. Its up 0.01, from 1.09 in 2017Q2. It increased, as 27 investors sold MHK shares while 171 reduced holdings. 59 funds opened positions while 158 raised stakes. 55.82 million shares or 0.01% less from 55.83 million shares in 2017Q2 were reported. Waterfront Ptnrs Lc has 1.45% invested in Mohawk Industries, Inc. (NYSE:MHK) for 41,293 shares. Aqr Lc has 96,553 shares. Kemnay Advisory Services reported 0.35% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK). Teachers Retirement Sys Of The State Of Kentucky invested 0.11% in Mohawk Industries, Inc. (NYSE:MHK). Patten Gp accumulated 11 shares or 0.01% of the stock. Picton Mahoney Asset holds 0.63% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK) for 33,600 shares. Calamos Advsrs Ltd holds 68,052 shares or 0.13% of its portfolio. Pitcairn stated it has 0.05% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK). Jennison Associates Lc accumulated 240,126 shares. Legal And General Public Limited Co has invested 0.06% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK). Voya Inv Management Ltd Com reported 34,242 shares. Natl Pension Ser reported 67,470 shares. Ascend Cap reported 1.36% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK). Assetmark stated it has 72 shares or 0% of all its holdings. Systematic Fincl Ltd Partnership stated it has 2,100 shares or 0.01% of all its holdings.

Brown Brothers Harriman & Co, which manages about $12.77 billion and $18.77 billion US Long portfolio, decreased its stake in Abbott Laboratories (NYSE:ABT) by 14,478 shares to 139,069 shares, valued at $7.42M in 2017Q3, according to the filing. It also reduced its holding in Jpmorgan Chase & Company /Cad/ (NYSE:JPM) by 4,779 shares in the quarter, leaving it with 38,401 shares, and cut its stake in Applied Materials Inc (NASDAQ:AMAT).

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By1 Michael Collier

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