The Middleby Co. (NASDAQ:MIDD) Shares Purchased by Duality Advisers LP

Duality Advisers LP boosted its holdings in The Middleby Co. (NASDAQ:MIDD - Free Report) by 224.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 24,751 shares of the industrial products company's stock after buying an additional 17,133 shares during the period. Duality Advisers LP's holdings in Middleby were worth $3,643,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Signaturefd LLC grew 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 purchasing an additional 168 shares in the last quarter. Clear Street Markets LLC purchased a new position in shares of Middleby during the third quarter valued at about $50,000. CWM LLC grew its position in shares of Middleby by 80.2% during the fourth quarter. CWM LLC now owns 510 shares of the industrial products company's stock valued at $75,000 after purchasing an additional 227 shares in the last quarter. Mendota Financial Group LLC grew its position in shares of Middleby by 13.5% during the fourth quarter. Mendota Financial Group LLC now owns 1,090 shares of the industrial products company's stock valued at $160,000 after purchasing an additional 130 shares in the last quarter. Finally, Naples Global Advisors LLC purchased a new position in shares of Middleby during the fourth quarter valued at about $221,000. Hedge funds and other institutional investors own 98.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. TheStreet upgraded Middleby from a "c+" rating to a "b-" rating in a research report on Monday, January 8th. Canaccord Genuity Group increased their price target on shares of Middleby from $164.00 to $166.00 and gave the company a "buy" rating in a report on Wednesday, February 21st. Finally, Jefferies Financial Group increased their price target on shares of Middleby from $140.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, January 11th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Middleby presently has a consensus rating of "Moderate Buy" and an average price target of $159.38.

Middleby Trading Up 2.4 %

NASDAQ MIDD traded up $3.43 during trading on Tuesday, hitting $145.36. The stock had a trading volume of 250,693 shares, compared to its average volume of 341,579. 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 stock has a market capitalization of $7.79 billion, a price-to-earnings ratio of 19.62 and a beta of 1.56. The Middleby Co. has a one year low of $109.59 and a one year high of $161.01. The stock has a 50 day simple moving average of $151.15 and a 200 day simple moving average of $139.02.

Middleby (NASDAQ:MIDD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.21. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. Middleby had a net margin of 9.93% and a return on equity of 16.99%. The firm's quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.57 earnings per share. Sell-side analysts predict that The Middleby Co. will post 10.32 earnings per share for the current year.

Insider Transactions at Middleby

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

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.