The Middleby Co. (NASDAQ:MIDD) Shares Acquired by Captrust Financial Advisors

Captrust Financial Advisors lifted its position in shares of The Middleby Co. (NASDAQ:MIDD - Free Report) by 228.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,878 shares of the industrial products company's stock after purchasing an additional 13,820 shares during the period. Captrust Financial Advisors' holdings in Middleby were worth $2,692,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. boosted its stake in shares of Middleby by 41.1% during the 4th quarter. UMB Bank n.a. now owns 398 shares of the industrial products company's stock valued at $54,000 after buying an additional 116 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Middleby in the fourth quarter valued at $71,000. Principal Securities Inc. boosted its stake in Middleby by 16.0% during the 4th quarter. Principal Securities Inc. now owns 566 shares of the industrial products company's stock valued at $77,000 after acquiring an additional 78 shares during the last quarter. Coppell Advisory Solutions LLC grew its holdings in Middleby by 220.6% during the 4th quarter. Coppell Advisory Solutions LLC now owns 606 shares of the industrial products company's stock worth $82,000 after acquiring an additional 417 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Middleby by 27.2% in the 4th quarter. GAMMA Investing LLC now owns 622 shares of the industrial products company's stock worth $84,000 after purchasing an additional 133 shares during the last quarter. 98.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Middleby

In other news, Director Chapin Sarah Palisi sold 500 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $163.51, for a total value of $81,755.00. Following the completion of the transaction, the director now owns 6,111 shares of the company's stock, valued at approximately $999,209.61. This represents a 7.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Edward P. Garden acquired 249,339 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were bought at an average price of $149.59 per share, for a total transaction of $37,298,621.01. Following the completion of the purchase, the director now owns 3,088,263 shares of the company's stock, valued at approximately $461,973,262.17. This represents a 8.78% increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.18% of the stock is currently owned by company insiders.

Middleby Stock Performance

MIDD traded up $1.06 during trading on Thursday, reaching $149.78. 928,395 shares of the company were exchanged, compared to its average volume of 922,555. The Middleby Co. has a 52 week low of $118.41 and a 52 week high of $182.73. The company has a current ratio of 2.81, a quick ratio of 1.70 and a debt-to-equity ratio of 0.66. The firm has a 50 day moving average of $141.33 and a 200 day moving average of $145.59. The stock has a market cap of $8.04 billion, a P/E ratio of 20.66 and a beta of 1.65.

Middleby (NASDAQ:MIDD - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $2.08 EPS for the quarter, topping the consensus estimate of $1.94 by $0.14. Middleby had a net margin of 10.14% and a return on equity of 14.66%. The business had revenue of $906.63 million during the quarter, compared to analyst estimates of $941.46 million. During the same quarter in the prior year, the firm earned $1.89 earnings per share. The company's quarterly revenue was down 2.2% on a year-over-year basis. On average, sell-side analysts forecast that The Middleby Co. will post 9.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MIDD has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price target on shares of Middleby from $145.00 to $150.00 and gave the stock an "underweight" rating in a research report on Wednesday, February 26th. StockNews.com downgraded Middleby from a "buy" rating to a "hold" rating in a report on Thursday, April 10th. Barclays lifted their target price on Middleby from $160.00 to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. KeyCorp dropped their price target on Middleby from $185.00 to $175.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Canaccord Genuity Group reduced their price objective on Middleby from $200.00 to $186.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $168.14.

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.