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Even after the sale, Helen maintains indirect positions that total more than $20 million.

Bank of New York Mellon Corp purchased a new position in Mohawk Industries, Inc. (NYSE: MHK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 293,810 shares of the company's stock, valued at approximately $35,648,000. Bank of New York Mellon Corp

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Mohawk Industries (MHK) delivered broad Q2 sales growth and stable clean margins, driven by new product placements and improved execution. Despite these positives, I maintain a Hold rating as the stock's valuation has rerated above historical averages and clean margin gains were minimal. Future performance hinges on whether initial new product placements translate into sustainable reorders, with management yet to…