Teachers Advisors LLC increased its position in shares of Middleby Corp (NASDAQ:MIDD) by 3.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,694 shares of the industrial products company’s stock after buying an additional 2,311 shares during the period. Teachers Advisors LLC’s holdings in Middleby were worth $9,144,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in MIDD. Dimensional Fund Advisors LP boosted its position in Middleby by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 314,797 shares of the industrial products company’s stock valued at $32,870,000 after acquiring an additional 2,719 shares in the last quarter. FMR LLC boosted its position in Middleby by 12.6% during the 2nd quarter. FMR LLC now owns 179,736 shares of the industrial products company’s stock valued at $18,768,000 after acquiring an additional 20,123 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in Middleby by 7.6% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 8,500 shares of the industrial products company’s stock valued at $888,000 after acquiring an additional 600 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new stake in Middleby during the 2nd quarter valued at $683,000. Finally, Cubist Systematic Strategies LLC boosted its position in Middleby by 305.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,377 shares of the industrial products company’s stock valued at $144,000 after acquiring an additional 1,037 shares in the last quarter.
Middleby stock opened at $110.00 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.88 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $6.12 billion, a PE ratio of 17.86 and a beta of 1.82. Middleby Corp has a 1-year low of $96.65 and a 1-year high of $138.89.
Middleby (NASDAQ:MIDD) last posted its quarterly earnings data on Wednesday, November 7th. The industrial products company reported $1.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.57 by ($0.01). The business had revenue of $713.30 million during the quarter, compared to analyst estimates of $731.46 million. Middleby had a return on equity of 22.14% and a net margin of 11.45%. The firm’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.36 EPS. As a group, equities research analysts expect that Middleby Corp will post 5.99 EPS for the current fiscal year.
A number of analysts have recently weighed in on MIDD shares. BidaskClub cut Middleby from a “buy” rating to a “hold” rating in a research report on Thursday, October 18th. Buckingham Research raised Middleby from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $115.00 to $174.00 in a research report on Monday, September 24th. Seaport Global Securities raised Middleby from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 14th. Zacks Investment Research raised Middleby from a “hold” rating to a “buy” rating and set a $139.00 price objective for the company in a research report on Tuesday, October 9th. Finally, TheStreet cut Middleby from a “b-” rating to a “c+” rating in a research report on Friday, December 28th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $136.17.
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The Middleby Corporation designs, manufactures, markets, distributes, and services foodservice, food processing, and residential kitchen equipment in the United States, Canada, Asia, Europe, the Middle East, and Latin America. Its Commercial Foodservice Equipment Group segment offers cooking and warming equipment for quick and full-service restaurants, convenience stores, retail outlets, hotels, and other institutions.
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