Symmetry Partners LLC bought a new position in Middleby Corp (NASDAQ:MIDD) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,780 shares of the industrial products company’s stock, valued at approximately $325,000.

Other large investors also recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in Middleby by 2.4% during the 2nd quarter. Royal Bank of Canada now owns 94,486 shares of the industrial products company’s stock valued at $12,821,000 after purchasing an additional 2,189 shares during the last quarter. Andra AP fonden increased its stake in shares of Middleby by 77.9% in the second quarter. Andra AP fonden now owns 20,100 shares of the industrial products company’s stock worth $2,728,000 after acquiring an additional 8,800 shares during the period. Leith Wheeler Investment Counsel Ltd. increased its stake in shares of Middleby by 2.2% in the third quarter. Leith Wheeler Investment Counsel Ltd. now owns 37,875 shares of the industrial products company’s stock worth $4,428,000 after acquiring an additional 810 shares during the period. Pictet Asset Management Ltd. increased its stake in shares of Middleby by 33.4% in the second quarter. Pictet Asset Management Ltd. now owns 354,060 shares of the industrial products company’s stock worth $48,046,000 after acquiring an additional 88,590 shares during the period. Finally, Aperio Group LLC increased its stake in shares of Middleby by 1.6% in the second quarter. Aperio Group LLC now owns 16,105 shares of the industrial products company’s stock worth $2,185,000 after acquiring an additional 258 shares during the period. 94.74% of the stock is owned by institutional investors and hedge funds.

MIDD stock traded up $1.25 during midday trading on Friday, hitting $119.87. 13,434 shares of the stock traded hands, compared to its average volume of 238,813. The firm has a market cap of $6.94 billion, a P/E ratio of 19.66 and a beta of 1.63. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.10 and a quick ratio of 1.01. The stock’s fifty day simple moving average is $116.65 and its 200-day simple moving average is $125.61. Middleby Corp has a 1-year low of $96.65 and a 1-year high of $142.98.

Middleby (NASDAQ:MIDD) last released its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $1.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.09. The company had revenue of $724.00 million for the quarter, compared to analyst estimates of $760.88 million. Middleby had a net margin of 11.27% and a return on equity of 21.17%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the business earned $1.56 earnings per share. On average, research analysts predict that Middleby Corp will post 6.56 earnings per share for the current year.

MIDD has been the topic of a number of research reports. Citigroup cut their price objective on shares of Middleby from $138.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 14th. Buckingham Research set a $153.00 price target on shares of Middleby and gave the company a “buy” rating in a research report on Wednesday, August 7th. Zacks Investment Research upgraded shares of Middleby from a “sell” rating to a “hold” rating and set a $126.00 price target on the stock in a research report on Wednesday, October 23rd. BidaskClub upgraded shares of Middleby from a “sell” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, TheStreet lowered shares of Middleby from a “b-” rating to a “c” rating in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Middleby currently has an average rating of “Hold” and a consensus target price of $141.57.

In related news, Director Robert A. Nerbonne acquired 455 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were acquired at an average cost of $111.21 per share, with a total value of $50,600.55. Following the completion of the acquisition, the director now directly owns 1,282 shares in the company, valued at approximately $142,571.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.98% of the stock is currently owned by company insiders.

About Middleby

The Middleby Corporation designs, manufactures, markets, distributes, and services foodservice, food processing, and residential kitchen equipment in the United States, Canada, Asia, Europe, the Middle East, and Latin America. Its Commercial Foodservice Equipment Group segment offers foodservice equipment for quick and full-service restaurants, convenience stores, retail outlets, hotels, and other institutions.

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Institutional Ownership by Quarter for Middleby (NASDAQ:MIDD)

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