On November 5, 2024, Chapin Palisi, Director at The Middleby Corp (MIDD, Financial), executed a sale of 250 shares of the company at a price of $135.63 per share. This transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 6,611 shares of The Middleby Corp.
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, Chapin Palisi has sold a total of 1,335 shares of The Middleby Corp and has not made any purchases of the stock. This recent sale is part of a broader trend observed over the last year, where there have been eight insider sells and no insider buys at The Middleby Corp.
Shares of The Middleby Corp were trading at $135.63 on the day of the transaction, giving the company a market cap of approximately $7.72 billion. The price-earnings ratio of the company stands at 19.81, which is lower than the industry median of 24.7 and also below the company’s historical median.
According to the GF Value, The Middleby Corp has a price-to-GF-Value ratio of 0.96, indicating that the stock is Fairly Valued. The GF Value is a proprietary measure used to determine the fair value of a stock based on historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
This insider activity and valuation metrics may be of interest to investors looking to gauge the sentiment of high-level insiders at The Middleby Corp, alongside the company's current stock valuation according to the GF Value.
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.
