The Middleby Co. (NASDAQ:MIDD) Shares Bought by Signaturefd LLC

Signaturefd LLC raised its holdings in The Middleby Co. (NASDAQ:MIDD) by 230.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 241 shares of the industrial products company’s stock after purchasing an additional 168 shares during the period. Signaturefd LLC’s holdings in Middleby were worth $35,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Clear Street Markets LLC acquired a new position in shares of Middleby in the 3rd quarter valued at approximately $50,000. Mendota Financial Group LLC raised its position in shares of Middleby by 13.5% in the 4th quarter. Mendota Financial Group LLC now owns 1,090 shares of the industrial products company’s stock valued at $160,000 after purchasing an additional 130 shares in the last quarter. Naples Global Advisors LLC acquired a new position in shares of Middleby in the 4th quarter valued at approximately $221,000. Mirabella Financial Services LLP acquired a new stake in shares of Middleby during the 3rd quarter valued at approximately $240,000. Finally, CNB Bank raised its position in shares of Middleby by 19.1% during the 3rd quarter. CNB Bank now owns 2,366 shares of the industrial products company’s stock valued at $303,000 after acquiring an additional 380 shares in the last quarter. 98.55% of the stock is owned by institutional investors and hedge funds.

Middleby Trading Up 0.9 %

NASDAQ:MIDD opened at $140.08 on Friday. The Middleby Co. has a 1 year low of $109.59 and a 1 year high of $161.01. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of 18.90 and a beta of 1.58. The business has a fifty day moving average of $150.30 and a 200-day moving average of $139.64. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 2.31.

Middleby (NASDAQ:MIDD) last released its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.21. Middleby had a return on equity of 16.99% and a net margin of 9.93%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the business posted $2.57 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. Equities analysts predict that The Middleby Co. will post 10.27 earnings per share for the current year.

Insider Transactions at Middleby

In related news, Director Cathy L. Mccarthy sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $153.12, for a total transaction of $153,120.00. Following the completion of the transaction, the director now owns 7,971 shares of the company’s stock, valued at $1,220,519.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Cathy L. Mccarthy sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $153.12, for a total transaction of $153,120.00. Following the completion of the transaction, the director now owns 7,971 shares of the company’s stock, valued at $1,220,519.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Chapin Sarah Palisi sold 350 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $151.47, for a total value of $53,014.50. Following the transaction, the director now directly owns 6,306 shares of the company’s stock, valued at approximately $955,169.82. The disclosure for this sale can be found here. Company insiders own 1.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. TheStreet raised Middleby from a “c+” rating to a “b-” rating in a research report on Monday, January 8th. Jefferies Financial Group upped their price target on Middleby from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Finally, Canaccord Genuity Group increased their target price on Middleby from $164.00 to $166.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $159.38.

Middleby Company Profile

The Middleby Corporation designs, markets, manufactures, distributes, and services foodservice, food processing, and residential kitchen equipment worldwide. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispensers, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing.