Middleby Corp (NASDAQ:MIDD) Director Chapin Sarah Palisi sold 100 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $113.21, for a total transaction of $11,321.00. Following the completion of the sale, the director now directly owns 4,800 shares in the company, valued at approximately $543,408. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Chapin Sarah Palisi also recently made the following trade(s):
- On Tuesday, November 12th, Chapin Sarah Palisi sold 100 shares of Middleby stock. The shares were sold at an average price of $118.48, for a total transaction of $11,848.00.
Shares of NASDAQ:MIDD traded down $0.43 on Friday, hitting $109.23. The stock had a trading volume of 2,387 shares, compared to its average volume of 346,018. Middleby Corp has a twelve month low of $96.65 and a twelve month high of $142.98. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.00 and a current ratio of 2.05. The firm’s 50 day moving average price is $116.91 and its 200-day moving average price is $122.11. The company has a market capitalization of $6.16 billion, a price-to-earnings ratio of 18.01 and a beta of 1.58.
Middleby (NASDAQ:MIDD) last issued its earnings results on Wednesday, November 6th. The industrial products company reported $1.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.09. Middleby had a net margin of 11.55% and a return on equity of 20.81%. The company had revenue of $724.00 million for the quarter, compared to the consensus estimate of $760.88 million. During the same quarter in the previous year, the company earned $1.56 EPS. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, sell-side analysts predict that Middleby Corp will post 6.74 EPS for the current year.
MIDD has been the topic of several analyst reports. ValuEngine raised shares of Middleby from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. BidaskClub lowered shares of Middleby from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. TheStreet lowered shares of Middleby from a “b-” rating to a “c” rating in a report on Thursday, August 29th. Zacks Investment Research raised shares of Middleby from a “sell” rating to a “hold” rating and set a $126.00 price target on the stock in a report on Wednesday, October 23rd. Finally, Wellington Shields lowered shares of Middleby from a “gradually accumulate” rating to a “hold” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Middleby has a consensus rating of “Hold” and a consensus price target of $141.57.
Several large investors have recently modified their holdings of MIDD. Strs Ohio lifted its holdings in shares of Middleby by 26.4% during the 2nd quarter. Strs Ohio now owns 3,341 shares of the industrial products company’s stock worth $453,000 after acquiring an additional 697 shares during the period. Steward Partners Investment Advisory LLC bought a new position in shares of Middleby during the 2nd quarter worth about $66,000. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Middleby by 2.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 197,907 shares of the industrial products company’s stock worth $26,856,000 after acquiring an additional 4,182 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Middleby during the 2nd quarter worth about $3,784,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Middleby by 0.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,780 shares of the industrial products company’s stock worth $2,277,000 after acquiring an additional 124 shares during the period. Institutional investors own 96.62% of the company’s stock.
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 foodservice equipment for quick and full-service restaurants, convenience stores, retail outlets, hotels, and other institutions.
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