WINTON GROUP Ltd Boosts Stock Position in The Middleby Co. (NASDAQ:MIDD)

WINTON GROUP Ltd grew its holdings in The Middleby Co. (NASDAQ:MIDDGet Rating) by 20.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,368 shares of the industrial products company’s stock after acquiring an additional 748 shares during the quarter. WINTON GROUP Ltd’s holdings in Middleby were worth $548,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MIDD. Steward Partners Investment Advisory LLC lifted its holdings in shares of Middleby by 55.8% during the second quarter. Steward Partners Investment Advisory LLC now owns 254 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 91 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Middleby by 52.4% during the second quarter. Parallel Advisors LLC now owns 291 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 100 shares during the period. Elequin Capital LP acquired a new stake in shares of Middleby during the first quarter worth about $41,000. Ellevest Inc. lifted its holdings in shares of Middleby by 689.1% during the second quarter. Ellevest Inc. now owns 434 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 379 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Middleby by 143.5% during the second quarter. First Horizon Advisors Inc. now owns 448 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 264 shares during the period. Institutional investors and hedge funds own 98.55% of the company’s stock.

Middleby Stock Up 0.3 %

Middleby stock opened at $138.92 on Friday. The stock has a market capitalization of $7.49 billion, a PE ratio of 19.00 and a beta of 1.53. The Middleby Co. has a 12 month low of $120.30 and a 12 month high of $201.34. The business has a 50 day simple moving average of $134.83 and a 200-day simple moving average of $138.91. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.08 and a quick ratio of 0.95.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MIDD. StockNews.com began coverage on Middleby in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Robert W. Baird decreased their price target on Middleby from $145.00 to $140.00 in a report on Friday, November 11th. Canaccord Genuity Group began coverage on Middleby in a report on Thursday. They issued a “buy” rating and a $171.00 price target for the company. KeyCorp decreased their price target on Middleby from $182.00 to $175.00 and set an “overweight” rating for the company in a report on Friday, July 22nd. Finally, Canaccord Genuity Group began coverage on Middleby in a report on Wednesday. They issued a “buy” rating for the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $166.86.

Insider Buying and Selling

In related news, Director Chapin Sarah Palisi sold 250 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $142.86, for a total transaction of $35,715.00. Following the completion of the sale, the director now directly owns 6,985 shares in the company, valued at $997,877.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director John R. Miller III sold 1,161 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $139.26, for a total transaction of $161,680.86. Following the completion of the sale, the director now directly owns 11,880 shares in the company, valued at $1,654,408.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Chapin Sarah Palisi sold 250 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $142.86, for a total value of $35,715.00. Following the sale, the director now owns 6,985 shares of the company’s stock, valued at $997,877.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,636 shares of company stock worth $230,696. 1.24% of the stock is owned by corporate insiders.

About Middleby

(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.

Featured Articles

Institutional Ownership by Quarter for Middleby (NASDAQ:MIDD)

Receive News & Ratings for Middleby Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Middleby and related companies with MarketBeat.com's FREE daily email newsletter.