The Middleby Co. (NASDAQ:MIDD) Shares Purchased by TFO Wealth Partners LLC

TFO Wealth Partners LLC increased its position in shares of The Middleby Co. (NASDAQ:MIDDFree Report) by 64,950.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,301 shares of the industrial products company’s stock after purchasing an additional 1,299 shares during the period. TFO Wealth Partners LLC’s holdings in Middleby were worth $191,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MIDD. Treasurer of the State of North Carolina increased its position in shares of Middleby by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 23,592 shares of the industrial products company’s stock valued at $3,472,000 after acquiring an additional 230 shares during the last quarter. S&CO Inc. acquired a new stake in shares of Middleby during the fourth quarter valued at about $6,254,000. Neuberger Berman Group LLC increased its position in shares of Middleby by 33.3% during the fourth quarter. Neuberger Berman Group LLC now owns 5,601 shares of the industrial products company’s stock valued at $824,000 after acquiring an additional 1,400 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Middleby during the fourth quarter valued at about $75,000. Finally, Assetmark Inc. increased its position in shares of Middleby by 1,158.3% during the fourth quarter. Assetmark Inc. now owns 453 shares of the industrial products company’s stock valued at $67,000 after acquiring an additional 417 shares during the last quarter. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MIDD has been the subject of a number of recent analyst reports. Canaccord Genuity Group dropped their price target on shares of Middleby from $166.00 to $159.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. William Blair upgraded shares of Middleby to a “hold” rating in a research report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. cut shares of Middleby from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $145.00 to $118.00 in a report on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.43.

Get Our Latest Stock Report on Middleby

Insider Buying and Selling

In other news, Director Chapin Sarah Palisi sold 235 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $137.18, for a total transaction of $32,237.30. Following the completion of the sale, the director now owns 7,211 shares in the company, valued at approximately $989,204.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.17% of the stock is owned by insiders.

Middleby Stock Down 1.3 %

Shares of Middleby stock opened at $127.25 on Tuesday. The Middleby Co. has a 52-week low of $109.59 and a 52-week high of $161.01. The company has a 50 day moving average of $140.88 and a 200 day moving average of $142.24. The company has a quick ratio of 1.28, a current ratio of 2.40 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $6.84 billion, a P/E ratio of 17.72 and a beta of 1.60.

Middleby (NASDAQ:MIDDGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.16). Middleby had a return on equity of 15.88% and a net margin of 9.82%. The firm had revenue of $926.90 million during the quarter, compared to analysts’ expectations of $979.05 million. During the same quarter in the prior year, the firm earned $2.19 EPS. The firm’s revenue was down 8.0% compared to the same quarter last year. As a group, research analysts forecast that The Middleby Co. will post 9.81 EPS for the current fiscal year.

Middleby Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Middleby (NASDAQ:MIDD)

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