Disciplined Growth Investors Inc. MN boosted its holdings in shares of Middleby Corp (NASDAQ:MIDD) by 0.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,631,270 shares of the industrial products company’s stock after buying an additional 2,066 shares during the period. Middleby comprises 4.3% of Disciplined Growth Investors Inc. MN’s portfolio, making the stock its 3rd largest holding. Disciplined Growth Investors Inc. MN owned approximately 2.92% of Middleby worth $220,140,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of MIDD. Truewealth LLC acquired a new stake in Middleby during the fourth quarter worth $102,000. American International Group Inc. acquired a new stake in Middleby during the fourth quarter worth $176,000. Zions Bancorporation acquired a new stake in Middleby during the third quarter worth $198,000. Crossmark Global Holdings Inc. acquired a new stake in Middleby during the fourth quarter worth $202,000. Finally, Beacon Investment Advisory Services Inc. acquired a new stake in Middleby during the third quarter worth $231,000.
In other news, Director Nassem Ziyad bought 2,000 shares of Middleby stock in a transaction dated Thursday, March 8th. The shares were bought at an average price of $118.50 per share, for a total transaction of $237,000.00. Following the purchase, the director now owns 2,000 shares of the company’s stock, valued at $237,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is currently owned by insiders.
Middleby (NASDAQ:MIDD) last issued its 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 for the quarter, compared to the consensus estimate of $646.83 million. sell-side analysts expect that Middleby Corp will post 6.49 earnings per share for the current fiscal year.
MIDD has been the topic of a number of recent research reports. Citigroup lifted their price target on shares of Middleby from $120.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. Zacks Investment Research upgraded shares of Middleby from a “hold” rating to a “buy” rating and set a $151.00 price target on the stock in a research note on Wednesday, January 17th. BidaskClub downgraded shares of Middleby from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 7th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $160.00 price target (up previously from $145.00) on shares of Middleby in a research note on Wednesday, March 7th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $138.25.
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Middleby Company Profile
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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