Thompson Siegel & Walmsley LLC Makes New Investment in The Middleby Co. (NASDAQ:MIDD)

Thompson Siegel & Walmsley LLC acquired a new stake in shares of The Middleby Co. (NASDAQ:MIDD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 198,818 shares of the industrial products company's stock, valued at approximately $26,930,000. Thompson Siegel & Walmsley LLC owned approximately 0.37% of Middleby at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Swiss National Bank lifted its holdings in shares of Middleby by 0.8% in the 4th quarter. Swiss National Bank now owns 105,800 shares of the industrial products company's stock worth $14,331,000 after acquiring an additional 800 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Middleby in the 4th quarter valued at $1,281,000. Amundi raised its holdings in shares of Middleby by 43.6% in the 4th quarter. Amundi now owns 371,854 shares of the industrial products company's stock valued at $50,037,000 after purchasing an additional 112,855 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Middleby in the 4th quarter valued at $11,312,000. Finally, Arizona State Retirement System raised its holdings in shares of Middleby by 0.7% in the 4th quarter. Arizona State Retirement System now owns 15,592 shares of the industrial products company's stock valued at $2,112,000 after purchasing an additional 110 shares in the last quarter. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Middleby Trading Up 1.2 %

Shares of NASDAQ:MIDD traded up $1.85 during trading on Monday, reaching $153.52. The stock had a trading volume of 460,296 shares, compared to its average volume of 594,867. The business has a fifty day moving average price of $157.71 and a 200-day moving average price of $144.76. The company has a quick ratio of 1.70, a current ratio of 2.81 and a debt-to-equity ratio of 0.66. The stock has a market cap of $8.23 billion, a P/E ratio of 21.18 and a beta of 1.72. The Middleby Co. has a fifty-two week low of $118.41 and a fifty-two week high of $182.73.

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Middleby (NASDAQ:MIDD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $2.88 earnings per share for the quarter, beating analysts' consensus estimates of $2.50 by $0.38. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $996.69 million. Middleby had a net margin of 10.14% and a return on equity of 14.66%. The company's revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.65 earnings per share. As a group, analysts anticipate that The Middleby Co. will post 9.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Middleby news, Director Chapin Sarah Palisi sold 500 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $163.51, for a total transaction of $81,755.00. Following the completion of the sale, the director now directly owns 6,111 shares in the company, valued at $999,209.61. The trade was a 7.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.16% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MIDD has been the topic of several research analyst reports. Robert W. Baird lifted their price target on shares of Middleby from $157.00 to $227.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $160.00 target price (down previously from $170.00) on shares of Middleby in a report on Thursday, December 12th. StockNews.com downgraded shares of Middleby from a "buy" rating to a "hold" rating in a report on Monday, January 27th. KeyCorp boosted their price objective on shares of Middleby from $160.00 to $185.00 and gave the stock an "overweight" rating in a report on Monday, January 27th. Finally, Barclays boosted their price objective on shares of Middleby from $160.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $180.86.

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.