Greenleaf Trust Sells 133 Shares of The Middleby Corporation $MIDD

Greenleaf Trust decreased its position in The Middleby Corporation (NASDAQ:MIDD) by 6.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,827 shares of the industrial products company’s stock after selling 133 shares during the quarter. Greenleaf Trust’s holdings in Middleby were worth $263,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MIDD. Two Sigma Advisers LP acquired a new position in shares of Middleby in the fourth quarter valued at approximately $298,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Middleby by 39.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,149 shares of the industrial products company’s stock valued at $562,000 after purchasing an additional 1,171 shares during the last quarter. Rhumbline Advisers grew its position in shares of Middleby by 0.6% in the first quarter. Rhumbline Advisers now owns 148,004 shares of the industrial products company’s stock valued at $22,494,000 after purchasing an additional 895 shares during the last quarter. UMB Bank n.a. grew its position in shares of Middleby by 60.3% in the first quarter. UMB Bank n.a. now owns 638 shares of the industrial products company’s stock valued at $97,000 after purchasing an additional 240 shares during the last quarter. Finally, IMC Chicago LLC acquired a new position in shares of Middleby in the first quarter valued at approximately $4,069,000. Institutional investors and hedge funds own 98.55% of the company’s stock.

Middleby Stock Up 0.4%

Shares of NASDAQ:MIDD opened at $138.60 on Friday. The firm has a market cap of $7.02 billion, a P/E ratio of 17.63 and a beta of 1.52. 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 Middleby Corporation has a 12-month low of $118.09 and a 12-month high of $182.73. The business has a fifty day simple moving average of $135.56 and a 200 day simple moving average of $140.58.

Middleby (NASDAQ:MIDD) last posted its quarterly earnings data 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 return on equity of 14.14% and a net margin of 11.06%.The firm had revenue of $977.86 million during the quarter, compared to analyst estimates of $979.59 million. During the same period last year, the company posted $2.39 EPS. The business’s quarterly revenue was down 1.4% on a year-over-year basis. Analysts predict that The Middleby Corporation will post 9.11 earnings per share for the current year.

Analyst Ratings Changes

MIDD has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Middleby in a research report on Saturday, September 27th. Canaccord Genuity Group increased their price target on Middleby from $162.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. Zacks Research raised Middleby to a “strong sell” rating in a research report on Monday, August 11th. Wall Street Zen downgraded Middleby from a “buy” rating to a “hold” rating in a research report on Sunday, July 20th. Finally, JPMorgan Chase & Co. reduced their price target on Middleby from $145.00 to $125.00 and set an “underweight” rating on the stock in a research report on Thursday, August 7th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $160.71.

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.