The Middleby Co. (NASDAQ:MIDD) Shares Purchased by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC increased its position in shares of The Middleby Co. (NASDAQ:MIDDGet Rating) by 55.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 254 shares of the industrial products company’s stock after acquiring an additional 91 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Middleby were worth $32,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Cardinal Capital Management acquired a new position in shares of Middleby during the 2nd quarter valued at about $632,000. Evoke Wealth LLC lifted its position in Middleby by 14.3% in the second quarter. Evoke Wealth LLC now owns 25,452 shares of the industrial products company’s stock valued at $3,191,000 after buying an additional 3,191 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Middleby by 70.7% in the second quarter. Nisa Investment Advisors LLC now owns 6,035 shares of the industrial products company’s stock valued at $757,000 after buying an additional 2,500 shares during the last quarter. Distillate Capital Partners LLC lifted its position in Middleby by 34.3% in the second quarter. Distillate Capital Partners LLC now owns 36,047 shares of the industrial products company’s stock valued at $4,518,000 after buying an additional 9,203 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in Middleby by 13.4% in the second quarter. Treasurer of the State of North Carolina now owns 23,002 shares of the industrial products company’s stock valued at $2,884,000 after buying an additional 2,710 shares during the last quarter. Institutional investors and hedge funds own 98.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MIDD. Benchmark assumed coverage on shares of Middleby in a research report on Thursday, August 25th. They issued a “buy” rating and a $190.00 target price on the stock. KeyCorp reduced their price target on shares of Middleby from $182.00 to $175.00 and set an “overweight” rating on the stock in a research report on Friday, July 22nd. Robert W. Baird reduced their price target on shares of Middleby from $145.00 to $140.00 in a research report on Friday. Finally, StockNews.com assumed coverage on shares of Middleby in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.50.

Insider Buying and Selling

In related news, Director Chapin Sarah Palisi sold 225 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $148.00, for a total transaction of $33,300.00. Following the sale, the director now directly owns 7,235 shares in the company, valued at $1,070,780. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.24% of the company’s stock.

Middleby Stock Up 3.0 %

MIDD stock opened at $141.39 on Monday. The company’s 50 day moving average price is $135.47 and its 200 day moving average price is $139.26. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.95 and a current ratio of 1.98. The Middleby Co. has a fifty-two week low of $120.30 and a fifty-two week high of $201.34. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of 19.34 and a beta of 1.53.

Middleby Company Profile

(Get Rating)

The Middleby Corp. engages in the design, manufacture, marketing, and distribution of foodservice equipment. It operates through the following segments: Commercial Foodservice Equipment Group, Food Processing Equipment Group, Residential Kitchen Equipment Group, and Corporate and Other. The Commercial Foodservice Equipment Group segment manufactures, sells, and distributes foodservice equipment for the restaurant and institutional kitchen industry.

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Institutional Ownership by Quarter for Middleby (NASDAQ:MIDD)

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