Charles Schwab Investment Management Inc. Purchases 3,832 Shares of The Middleby Co. (NASDAQ:MIDD)

Charles Schwab Investment Management Inc. increased its holdings in The Middleby Co. (NASDAQ:MIDD - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 348,223 shares of the industrial products company's stock after purchasing an additional 3,832 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.65% of Middleby worth $47,167,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of MIDD. Covestor Ltd lifted its holdings in Middleby by 306.5% in the third quarter. Covestor Ltd now owns 252 shares of the industrial products company's stock valued at $35,000 after buying an additional 190 shares during the period. Avior Wealth Management LLC lifted its holdings in Middleby by 820.0% in the third quarter. Avior Wealth Management LLC now owns 322 shares of the industrial products company's stock valued at $45,000 after buying an additional 287 shares during the period. UMB Bank n.a. lifted its holdings in Middleby by 41.1% in the fourth 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 period. Principal Securities Inc. lifted its holdings in Middleby by 16.0% in the fourth quarter. Principal Securities Inc. now owns 566 shares of the industrial products company's stock valued at $77,000 after buying an additional 78 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Middleby by 27.2% in the fourth quarter. GAMMA Investing LLC now owns 622 shares of the industrial products company's stock valued at $84,000 after buying an additional 133 shares during the period. Institutional investors own 98.55% of the company's stock.

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Insider Activity at Middleby

In related news, Director Chapin Sarah Palisi sold 500 shares of Middleby stock in a transaction that occurred on Monday, March 3rd. The shares were 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 directly owns 6,111 shares in the company, valued at approximately $999,209.61. The trade was a 7.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.16% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MIDD shares. Robert W. Baird boosted their target price on shares of Middleby from $157.00 to $227.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. StockNews.com lowered shares of Middleby from a "buy" rating to a "hold" rating in a report on Monday, January 27th. KeyCorp upped their price objective on shares of Middleby from $160.00 to $185.00 and gave the company an "overweight" rating in a report on Monday, January 27th. Barclays upped their price objective on shares of Middleby from $160.00 to $180.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Middleby from $145.00 to $150.00 and gave the company an "underweight" rating in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $180.86.

Middleby Stock Down 0.1 %

NASDAQ MIDD traded down $0.08 during trading hours on Tuesday, hitting $153.44. The company's stock had a trading volume of 436,675 shares, compared to its average volume of 594,214. The Middleby Co. has a 52 week low of $118.41 and a 52 week high of $182.73. The company has a market capitalization of $8.23 billion, a PE ratio of 21.16 and a beta of 1.72. 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 company's 50-day simple moving average is $158.09 and its two-hundred day simple moving average is $144.85.

Middleby (NASDAQ:MIDD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.88 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.38. Middleby had a net margin of 10.14% and a return on equity of 14.66%. The business had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $996.69 million. During the same quarter last year, the firm earned $2.65 EPS. The firm's revenue for the quarter was up .4% compared to the same quarter last year. Research analysts anticipate that The Middleby Co. will post 9.11 EPS for the current fiscal year.

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.