Cwm LLC Purchases 227 Shares of The Middleby Co. (NASDAQ:MIDD)

Cwm LLC increased its position in shares of The Middleby Co. (NASDAQ:MIDD) by 80.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 510 shares of the industrial products company’s stock after purchasing an additional 227 shares during the period. Cwm LLC’s holdings in Middleby were worth $75,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its position in shares of Middleby by 230.1% during the fourth 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 bought a new position in Middleby in the 3rd quarter valued at $50,000. Mendota Financial Group LLC increased its stake in Middleby by 13.5% in the fourth quarter. Mendota Financial Group LLC now owns 1,090 shares of the industrial products company’s stock worth $160,000 after purchasing an additional 130 shares during the period. Naples Global Advisors LLC bought a new stake in shares of Middleby during the fourth quarter worth $221,000. Finally, Mirabella Financial Services LLP purchased a new stake in shares of Middleby during the third quarter valued at $240,000. 98.55% of the stock is currently owned by institutional investors.

Middleby Price Performance

NASDAQ MIDD opened at $141.83 on Wednesday. The company has a market cap of $7.60 billion, a PE ratio of 19.14 and a beta of 1.58. The firm’s 50 day moving average price is $149.50 and its 200-day moving average price is $140.33. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 2.31. The Middleby Co. has a 52-week low of $109.59 and a 52-week high of $161.01.

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

Insider Buying and Selling at Middleby

In other Middleby news, Director Cathy L. Mccarthy sold 1,000 shares of the stock in a transaction dated 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 sale, the director now directly owns 7,971 shares of the company’s stock, valued at $1,220,519.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Cathy L. Mccarthy sold 1,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $1,220,519.52. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Chapin Sarah Palisi sold 350 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 6,306 shares of the company’s stock, valued at $955,169.82. The disclosure for this sale can be found here. 1.17% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MIDD. 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 report on Wednesday, February 21st. Jefferies Financial Group lifted their price target 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. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $159.38.

Middleby 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.