Thrivent Financial For Lutherans decreased its position in Middleby Corp (NASDAQ:MIDD) by 31.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,088 shares of the industrial products company’s stock after selling 29,895 shares during the period. Thrivent Financial For Lutherans owned 0.12% of Middleby worth $8,784,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. Handelsinvest Investeringsforvaltning grew its stake in shares of Middleby by 0.5% in 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 during the period. Eqis Capital Management Inc. boosted its position in shares of Middleby by 5.7% during 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 during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Middleby by 8.1% during 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 during the period. Advisors Asset Management Inc. boosted its position in shares of Middleby by 11.4% during 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 during the period. Finally, Legacy Capital Partners Inc. boosted its position in shares of Middleby by 3.4% during 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 during the period.
In other Middleby news, Treasurer Martin M. Lindsay sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $129.50, for a total value of $1,295,000.00. Following the completion of the transaction, the treasurer now owns 61,726 shares of the company’s stock, valued at approximately $7,993,517. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nassem Ziyad purchased 1,000 shares of the firm’s stock in a transaction on Friday, November 16th. The stock was acquired at an average cost of $111.00 per share, with a total value of $111,000.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at $222,000. The disclosure for this purchase can be found here. Company insiders own 2.00% of the company’s stock.
Middleby Corp (NASDAQ MIDD) opened at $133.13 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.97 and a quick ratio of 1.07. Middleby Corp has a 1 year low of $107.53 and a 1 year high of $142.00. The company has a market cap of $7,353.10, a P/E ratio of 25.36 and a beta of 1.83.
Middleby (NASDAQ:MIDD) last issued its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $1.48 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate 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 research analysts forecast that Middleby Corp will post 6.49 earnings per share for the current fiscal year.
Middleby announced that its Board of Directors has authorized a share buyback plan on Tuesday, November 14th that permits the company to repurchase 2,500,000 outstanding shares. This repurchase authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
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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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