The Middleby Corp. (NASDAQ:MIDD) Director Robert B. Lamb sold 3,422 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $135.83, for a total value of $464,810.26. Following the completion of the transaction, the director now directly owns 15,078 shares of the company’s stock, valued at approximately $2,048,044.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

The Middleby Corp. (NASDAQ:MIDD) traded down 1.42% during trading on Monday, hitting $137.24. The company’s stock had a trading volume of 545,604 shares. The firm has a market cap of $7.90 billion, a P/E ratio of 30.91 and a beta of 1.44. The firm has a 50 day moving average of $120.00 and a 200 day moving average of $121.32. The Middleby Corp. has a 12 month low of $79.11 and a 12 month high of $140.98.

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A number of analysts have weighed in on the stock. Wellington Shields raised shares of The Middleby Corp. from a “hold” rating to an “accumulate” rating in a research report on Friday, September 9th. Zacks Investment Research raised shares of The Middleby Corp. from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research report on Tuesday, August 16th. Finally, Deutsche Bank AG assumed coverage on shares of The Middleby Corp. in a research report on Tuesday, September 6th. They set a “hold” rating and a $123.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $124.67.

Several hedge funds have recently modified their holdings of the stock. Norris Perne & French LLP MI increased its stake in shares of The Middleby Corp. by 4.7% in the second quarter. Norris Perne & French LLP MI now owns 60,610 shares of the company’s stock worth $6,985,000 after buying an additional 2,700 shares during the period. Bank of Montreal Can acquired a new stake in shares of The Middleby Corp. during the second quarter worth about $3,533,000. Mountain Pacific Investment Advisers Inc. ID increased its stake in shares of The Middleby Corp. by 0.4% in the second quarter. Mountain Pacific Investment Advisers Inc. ID now owns 167,820 shares of the company’s stock worth $19,341,000 after buying an additional 700 shares during the period. Nordea Investment Management AB increased its stake in shares of The Middleby Corp. by 4.2% in the second quarter. Nordea Investment Management AB now owns 24,549 shares of the company’s stock worth $2,829,000 after buying an additional 996 shares during the period. Finally, First National Bank of Omaha increased its stake in shares of The Middleby Corp. by 0.7% in the second quarter. First National Bank of Omaha now owns 45,740 shares of the company’s stock worth $5,272,000 after buying an additional 296 shares during the period. Hedge funds and other institutional investors own 94.17% of the company’s stock.

The Middleby Corp. Company Profile

The Middleby Corporation (Middleby) 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.

5 Day Chart for NASDAQ:MIDD

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