Westwood Holdings Group Inc. lifted its holdings in shares of Middleby Corp (NASDAQ:MIDD) by 5.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 343,785 shares of the industrial products company’s stock after buying an additional 19,214 shares during the quarter. Westwood Holdings Group Inc. owned about 0.61% of Middleby worth $46,394,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the stock. Handelsinvest Investeringsforvaltning lifted its stake in shares of Middleby by 0.5% during the 4th quarter. Handelsinvest Investeringsforvaltning now owns 73,381 shares of the industrial products company’s stock valued at $9,903,000 after buying an additional 400 shares in the last quarter. Eqis Capital Management Inc. lifted its stake in Middleby by 5.7% in the 4th quarter. Eqis Capital Management Inc. now owns 8,868 shares of the industrial products company’s stock worth $1,197,000 after purchasing an additional 478 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Middleby by 8.1% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,310 shares of the industrial products company’s stock worth $1,131,000 after purchasing an additional 620 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Middleby by 11.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 6,502 shares of the industrial products company’s stock worth $833,000 after purchasing an additional 666 shares in the last quarter. Finally, Legacy Capital Partners Inc. lifted its stake in Middleby by 3.4% in the 3rd quarter. Legacy Capital Partners Inc. now owns 21,623 shares of the industrial products company’s stock worth $2,771,000 after purchasing an additional 718 shares in the last quarter.
Middleby Corp (NASDAQ MIDD) opened at $129.99 on Friday. Middleby Corp has a 12-month low of $107.53 and a 12-month high of $142.00. The stock has a market cap of $7,187.58, a PE ratio of 24.76 and a beta of 1.83. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.07 and a current ratio of 1.97.
Middleby (NASDAQ:MIDD) last issued its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.48. Middleby had a net margin of 12.77% and a return on equity of 22.98%. The company had revenue of $632.86 million during the quarter, compared to analysts’ expectations of $646.83 million. equities analysts anticipate that Middleby Corp will post 6.49 earnings per share for the current year.
Several analysts have issued reports on MIDD shares. Susquehanna Bancshares set a $149.00 target price on shares of Middleby and gave the stock a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research upgraded shares of Middleby from a “hold” rating to a “buy” rating and set a $149.00 target price on the stock in a research note on Thursday, February 22nd. BidaskClub upgraded shares of Middleby from a “hold” rating to a “buy” rating in a research report on Saturday, December 30th. BMO Capital Markets reaffirmed a “buy” rating and set a $160.00 target price (up previously from $145.00) on shares of Middleby in a report on Wednesday, March 7th. They noted that the move was a valuation call. Finally, Deutsche Bank reduced their target price on shares of Middleby from $120.00 to $110.00 and set a “hold” rating on the stock in a report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $138.25.
In other Middleby news, Director Nassem Ziyad purchased 2,000 shares of the stock in a transaction that occurred on Thursday, March 8th. The stock was bought at an average cost of $118.50 per share, with a total value of $237,000.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $237,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.00% of the company’s stock.
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The Middleby Corporation is engaged in the design, manufacture and sale of commercial foodservice, food processing equipment and residential kitchen equipment. The Company operates in three segments: the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group.
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