Director Cathy Mccarthy Sells 1,000 Shares of The Middleby Corp (MIDD)
Director Cathy Mccarthy has sold 1,000 shares of The Middleby Corp (NASDAQ:MIDD) on March 5, 2024, according to a recent SEC Filing. The transaction was executed at a price of $153.13 per share, resulting in a total sale amount of $153,130.The Middleby Corp is a global leader in the design, manufacture, and sale of equipment used in the commercial foodservice, food processing, and residential kitchen equipment industries.Over the past year, the insider has sold a total of 1,000 shares of The Middleby Corp and has not made any purchases of the stock. The insider transaction history for the company shows a pattern of more insider sales than buys over the past year, with a total of 1 insider buy and 8 insider sells.
The Middleby Corp's shares were trading at $153.13 on the day of the insider's recent sale, giving the company a market capitalization of $8.228 billion. The price-earnings ratio of the company stands at 20.72, which is lower than the industry median of 22.38 and also below the company's historical median price-earnings ratio.With the current share price and a GuruFocus Value of $165.08, The Middleby Corp has a price-to-GF-Value ratio of 0.93, indicating that the stock is Fairly Valued according to the GF Value metric.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
