The Middleby Co. (NASDAQ:MIDD) Holdings Trimmed by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its position in shares of The Middleby Co. (NASDAQ:MIDD) by 10.1% during the 4th quarter, HoldingsChannel reports. The firm owned 51,778 shares of the industrial products company’s stock after selling 5,824 shares during the quarter. New York State Common Retirement Fund’s holdings in Middleby were worth $7,620,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Signaturefd LLC boosted its stake in shares of Middleby by 230.1% during the 4th quarter. Signaturefd LLC now owns 241 shares of the industrial products company’s stock valued at $35,000 after buying an additional 168 shares during the period. Clear Street Markets LLC acquired a new stake in shares of Middleby during the 3rd quarter valued at $50,000. CWM LLC boosted its stake in shares of Middleby by 80.2% during the 4th quarter. CWM LLC now owns 510 shares of the industrial products company’s stock valued at $75,000 after buying an additional 227 shares during the period. Mendota Financial Group LLC boosted its stake in shares of Middleby by 13.5% during the 4th quarter. Mendota Financial Group LLC now owns 1,090 shares of the industrial products company’s stock valued at $160,000 after buying an additional 130 shares during the period. Finally, Naples Global Advisors LLC acquired a new stake in shares of Middleby during the 4th quarter valued at $221,000. Institutional investors and hedge funds own 98.55% of the company’s stock.

Insiders Place Their Bets

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

Middleby Stock Up 1.0 %

MIDD stock opened at $138.87 on Friday. The company has a current ratio of 2.31, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. The Middleby Co. has a 1 year low of $109.59 and a 1 year high of $161.01. The company has a fifty day simple moving average of $150.54 and a 200 day simple moving average of $139.65. The firm has a market cap of $7.44 billion, a PE ratio of 18.74 and a beta of 1.58.

Middleby (NASDAQ:MIDD) last released its earnings results on Tuesday, February 20th. The industrial products company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.21. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. Middleby had a net margin of 9.93% and a return on equity of 16.99%. The business’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.57 EPS. Sell-side analysts anticipate that The Middleby Co. will post 10.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MIDD shares. Jefferies Financial Group lifted their target price on shares of Middleby from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. TheStreet raised shares of Middleby from a “c+” rating to a “b-” rating in a research note on Monday, January 8th. Finally, Canaccord Genuity Group lifted their price objective on shares of Middleby from $164.00 to $166.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.