Boston Partners Updates Mohawk Industries Stake to 1.11M Shares
Ticker: MHK · Form: SC 13G/A · Filed: Feb 13, 2024 · CIK: 851968
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, holdings-update
TL;DR
**Boston Partners now owns 1.11 million shares of Mohawk Industries.**
AI Summary
Boston Partners, an investment management firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in Mohawk Industries Inc. As of December 31, 2023, Boston Partners beneficially owned 1,113,534 shares of Mohawk Industries' common stock, representing a significant stake. This filing indicates a change in their previously reported holdings, which is important for investors to track as it reflects a major institutional investor's updated position in the company.
Why It Matters
This filing shows a major institutional investor's updated position in Mohawk Industries, which can influence market perception and potentially signal confidence or concern about the company's future.
Risk Assessment
Risk Level: low — This filing is a routine update from an institutional investor and does not inherently signal high risk for the stock.
Analyst Insight
Investors should note Boston Partners' updated stake as a data point for institutional interest in Mohawk Industries, but this filing alone doesn't necessitate immediate action. It's a routine disclosure of holdings.
Key Numbers
- 1,113,534 — Shares Beneficially Owned (Total shares of Mohawk Industries Inc. common stock held by Boston Partners as of December 31, 2023.)
- 979,620 — Sole Voting Power Shares (Shares over which Boston Partners has sole voting authority.)
- 1,874 — Shared Voting Power Shares (Shares over which Boston Partners shares voting authority.)
- 608190104 — CUSIP Number (Unique identifier for Mohawk Industries Inc. Common Stock.)
Key Players & Entities
- Boston Partners (company) — the reporting person and institutional investor
- Mohawk Industries Inc (company) — the subject company whose shares are being reported
- Robeco Investment Management, Inc. (company) — former name of the reporting entity
- December 31, 2023 (date) — the date of the event requiring the filing
- February 13, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- Boston Partners will maintain a significant stake in Mohawk Industries Inc. throughout 2024. (Boston Partners) — medium confidence, target: 2024-12-31
FAQ
Who filed this SC 13G/A amendment regarding Mohawk Industries Inc.?
Boston Partners, an investment management firm with IRS Identification No. 98-0202744, filed this SC 13G/A amendment. Their business address is One Beacon Street, 30th Floor, Boston, MA 02108.
What is the total number of Mohawk Industries Inc. shares beneficially owned by Boston Partners as reported in this filing?
As of December 31, 2023, Boston Partners beneficially owned a total of 1,113,534 shares of Mohawk Industries Inc. common stock, with sole dispositive power over these shares.
What was the 'Date of Event which Requires Filing of this Statement' for this SC 13G/A?
The 'Date of Event which Requires Filing of this Statement' was December 31, 2023, as stated on the cover page of the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box on the cover page.
What is the CUSIP number for Mohawk Industries Inc. Common Stock mentioned in the filing?
The CUSIP number for Mohawk Industries Inc. Common Stock is 608190104, as listed on the cover page of the filing.
Filing Stats: 923 words · 4 min read · ~3 pages · Grade level 8.5 · Accepted 2024-02-13 15:42:43
Filing Documents
- mhka1_21324.htm (SC 13G/A) — 25KB
- 0001085146-24-001208.txt ( ) — 27KB
(a)
ITEM 1(a). NAME OF ISSUER: MOHAWK INDUSTRIES INC
(b)
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 160 S INDUSTRIAL BLVD, PO BOX 12069, CALHOUN, GA, 30701
(a)
ITEM 2(a). NAME OF PERSON FILING: Boston Partners
(b)
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: One Beacon Street 30th FL Boston, MA 02108
(c)
ITEM 2(c). CITIZENSHIP: DE
(d)
ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock
(e)
ITEM 2(e). CUSIP NUMBER: 608190104 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c); (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) [X] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: ITEM 4. (a) Amount beneficially owned: 1,113,534 (b) Percent of class: 1.75% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: Boston Partners : 979,620 (ii) shared power to vote or to direct the vote: Boston Partners : 1,874 (iii) sole power to dispose or direct the disposition of: Boston Partners : 1,113,534 (iv) shared power to dispose or to direct the disposition of: Boston Partners : 0 ITEM 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to b