12,098 Shares in The Middleby Corporation $MIDD Acquired by Strs Ohio

Strs Ohio acquired a new position in shares of The Middleby Corporation (NASDAQ:MIDD) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,098 shares of the industrial products company’s stock, valued at approximately $1,839,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TCTC Holdings LLC increased its position in Middleby by 116.7% in the 1st quarter. TCTC Holdings LLC now owns 169 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 91 shares during the period. Versant Capital Management Inc increased its position in Middleby by 760.0% in the 1st quarter. Versant Capital Management Inc now owns 258 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 228 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Middleby by 90.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 432 shares of the industrial products company’s stock worth $66,000 after buying an additional 205 shares during the period. UMB Bank n.a. increased its position in shares of Middleby by 60.3% during the first quarter. UMB Bank n.a. now owns 638 shares of the industrial products company’s stock worth $97,000 after buying an additional 240 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Middleby by 44.9% during the first quarter. GAMMA Investing LLC now owns 901 shares of the industrial products company’s stock worth $137,000 after buying an additional 279 shares during the period. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Middleby Price Performance

MIDD opened at $134.69 on Wednesday. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 17.14 and a beta of 1.54. The company has a quick ratio of 1.56, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average price of $138.93 and a 200-day moving average price of $142.50. The Middleby Corporation has a twelve month low of $118.09 and a twelve month high of $182.73.

Middleby (NASDAQ:MIDD) last posted its earnings results on Wednesday, August 6th. The industrial products company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.15. Middleby had a net margin of 11.06% and a return on equity of 14.14%. The firm had revenue of $977.86 million during the quarter, compared to the consensus estimate of $979.59 million. During the same quarter last year, the company earned $2.39 earnings per share. The company’s revenue was down 1.4% on a year-over-year basis. Equities analysts expect that The Middleby Corporation will post 9.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MIDD. Zacks Research upgraded shares of Middleby to a “strong sell” rating in a research report on Monday, August 11th. Wolfe Research set a $163.00 price objective on shares of Middleby and gave the stock an “outperform” rating in a research report on Thursday, September 4th. Canaccord Genuity Group increased their target price on shares of Middleby from $162.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. Wall Street Zen lowered shares of Middleby from a “buy” rating to a “hold” rating in a research note on Sunday, July 20th. Finally, Barclays dropped their price objective on shares of Middleby from $180.00 to $165.00 and set an “overweight” rating on the stock in a research note on Monday, July 21st. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Middleby has a consensus rating of “Hold” and a consensus price target of $160.71.

About Middleby

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.