FMR LLC & Abigail Johnson Trim Mohawk Industries Stake to 2.887%
Ticker: MHK · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 851968
| Field | Detail |
|---|---|
| Company | Mohawk Industries INC (MHK) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, insider-activity
TL;DR
**FMR LLC and Abigail Johnson now own 2.887% of Mohawk Industries, down from previous filings.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Mohawk Industries Inc. (MOH). As of February 9, 2024, they collectively beneficially own 1,838,856 shares of Mohawk's common stock, representing 2.887% of the company. This is an amendment to a previous filing, indicating a change in their holdings, which matters to investors as it shows a significant institutional investor's current level of confidence (or lack thereof) in the stock.
Why It Matters
This filing shows that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, have reduced their stake in Mohawk Industries, which could signal a shift in their investment strategy or outlook on the company's future performance.
Risk Assessment
Risk Level: low — This filing indicates a change in institutional ownership, which is generally a low-risk event unless the change is extremely drastic or signals a major red flag.
Analyst Insight
Investors should note that a significant institutional investor like FMR LLC has adjusted its position in Mohawk Industries. While not a definitive buy or sell signal, it's worth monitoring future filings for further changes and considering this alongside other fundamental analysis of MOH.
Key Numbers
- 1,838,856 — Shares Beneficially Owned (Total common stock shares of Mohawk Industries Inc. owned by FMR LLC and Abigail P. Johnson.)
- 2.887% — Percent of Class (The percentage of Mohawk Industries Inc.'s common stock beneficially owned by FMR LLC and Abigail P. Johnson.)
- 005-43681 — SEC File Number (The unique identifier for Mohawk Industries Inc.'s filings with the SEC.)
- 608190104 — CUSIP Number (The unique identification number for Mohawk Industries Inc.'s common stock.)
- 20240209 — Filed As Of Date (The date this amendment to the Schedule 13G was filed with the SEC.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person and principal owner of FMR LLC
- MOHAWK INDUSTRIES INC (company) — the issuer of the securities
- Delaware (company) — state of incorporation for FMR LLC
- United States of America (person) — citizenship of Abigail P. Johnson
Forward-Looking Statements
- FMR LLC may continue to adjust its stake in Mohawk Industries Inc. based on market conditions or internal investment strategies. (FMR LLC) — medium confidence, target: Next 6-12 months
FAQ
Who are the primary reporting persons in this SC 13G/A filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for each reporting person.
What is the total number of Mohawk Industries Inc. common stock shares beneficially owned by the reporting persons?
FMR LLC and Abigail P. Johnson collectively beneficially own 1,838,856 shares of Mohawk Industries Inc. common stock, as indicated in Item 4(a) and Item 9 for both reporting persons.
What percentage of Mohawk Industries Inc.'s common stock do the reporting persons beneficially own?
The reporting persons beneficially own 2.887% of Mohawk Industries Inc.'s common stock, as stated in Item 4(b) and Item 11 for both reporting persons.
What is the CUSIP number for the securities discussed in this filing?
The CUSIP number for Mohawk Industries Inc. common stock is 608190104, as listed under 'Cusip #608190104' and Item 2(e).
What rule is this Schedule 13G/A filed under?
This Schedule 13G/A is filed under Rule 13d-1(b), as indicated by the checked box 'Rule 13d-1(b)' on the cover page and Item 3.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding MOHAWK INDUSTRIES INC (MHK).