Rothschild & Co Wealth Management UK Ltd Has $216.35 Million Holdings in Middleby Corp (NASDAQ:MIDD)

Rothschild & Co Wealth Management UK Ltd lowered its stake in shares of Middleby Corp (NASDAQ:MIDD) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,850,745 shares of the industrial products company’s stock after selling 7,402 shares during the period. Middleby makes up 5.4% of Rothschild & Co Wealth Management UK Ltd’s investment portfolio, making the stock its 9th biggest holding. Rothschild & Co Wealth Management UK Ltd’s holdings in Middleby were worth $216,352,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in shares of Middleby by 2.4% in the second quarter. Royal Bank of Canada now owns 94,486 shares of the industrial products company’s stock valued at $12,821,000 after buying an additional 2,189 shares in the last quarter. Andra AP fonden increased its holdings in Middleby by 77.9% during the 2nd quarter. Andra AP fonden now owns 20,100 shares of the industrial products company’s stock worth $2,728,000 after purchasing an additional 8,800 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. increased its holdings in Middleby by 2.2% during the 3rd quarter. Leith Wheeler Investment Counsel Ltd. now owns 37,875 shares of the industrial products company’s stock worth $4,428,000 after purchasing an additional 810 shares in the last quarter. Pictet Asset Management Ltd. increased its holdings in Middleby by 33.4% during the 2nd quarter. Pictet Asset Management Ltd. now owns 354,060 shares of the industrial products company’s stock worth $48,046,000 after purchasing an additional 88,590 shares in the last quarter. Finally, GW&K Investment Management LLC raised its stake in shares of Middleby by 47.3% in the third quarter. GW&K Investment Management LLC now owns 206,751 shares of the industrial products company’s stock worth $24,169,000 after purchasing an additional 66,351 shares during the last quarter. 93.32% of the stock is currently owned by institutional investors.

Shares of MIDD traded down $0.89 on Tuesday, reaching $112.99. 37,461 shares of the company’s stock traded hands, compared to its average volume of 287,495. The stock’s 50 day simple moving average is $117.72 and its two-hundred day simple moving average is $123.43. The stock has a market cap of $6.50 billion, a PE ratio of 18.52 and a beta of 1.59. Middleby Corp has a 52-week low of $96.65 and a 52-week high of $142.98. The company has a current ratio of 2.05, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05.

Middleby (NASDAQ:MIDD) last announced its earnings results on Wednesday, November 6th. The industrial products company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.09. The firm had revenue of $724.00 million during the quarter, compared to analyst estimates of $760.88 million. Middleby had a return on equity of 20.81% and a net margin of 11.55%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the firm posted $1.56 EPS. Analysts forecast that Middleby Corp will post 6.74 earnings per share for the current year.

In related news, Director Robert A. Nerbonne acquired 420 shares of the stock in a transaction on Friday, November 8th. The shares were acquired at an average price of $120.24 per share, with a total value of $50,500.80. Following the completion of the transaction, the director now owns 1,282 shares in the company, valued at approximately $154,147.68. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.98% of the company’s stock.

Several research analysts recently issued reports on MIDD shares. BidaskClub raised Middleby from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Wellington Shields cut Middleby from a “gradually accumulate” rating to a “hold” rating in a research note on Thursday, November 7th. ValuEngine raised shares of Middleby from a “sell” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Middleby from a “sell” rating to a “hold” rating and set a $126.00 target price for the company in a report on Wednesday, October 23rd. Finally, Citigroup dropped their price target on shares of Middleby from $138.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 14th. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $141.57.

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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