Metropolitan Life Insurance Co. NY continued to hold its position in The Middleby Corporation (NASDAQ:MIDD) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,889 shares of the industrial products company’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in The Middleby Corporation were worth $531,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. increased its position in The Middleby Corporation by 0.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,029 shares of the industrial products company’s stock worth $140,000 after buying an additional 9 shares in the last quarter. First National Bank of Hutchinson increased its position in The Middleby Corporation by 0.4% in the first quarter. First National Bank of Hutchinson now owns 4,706 shares of the industrial products company’s stock worth $642,000 after buying an additional 18 shares in the last quarter. Jaffetilchin Investment Partners LLC increased its position in The Middleby Corporation by 1.5% in the first quarter. Jaffetilchin Investment Partners LLC now owns 2,373 shares of the industrial products company’s stock worth $324,000 after buying an additional 36 shares in the last quarter. Keybank National Association OH increased its position in The Middleby Corporation by 0.6% in the first quarter. Keybank National Association OH now owns 7,058 shares of the industrial products company’s stock worth $963,000 after buying an additional 39 shares in the last quarter. Finally, Intrust Bank NA increased its position in The Middleby Corporation by 1.3% in the first quarter. Intrust Bank NA now owns 3,254 shares of the industrial products company’s stock worth $445,000 after buying an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

The Middleby Corporation (MIDD) traded up 0.477% during mid-day trading on Friday, reaching $121.015. The company’s stock had a trading volume of 343,658 shares. The Middleby Corporation has a 52 week low of $108.45 and a 52 week high of $150.87. The stock has a market capitalization of $6.93 billion, a price-to-earnings ratio of 22.666 and a beta of 1.82. The firm has a 50-day moving average of $125.62 and a 200-day moving average of $132.72.

The Middleby Corporation (NASDAQ:MIDD) last posted its earnings results on Wednesday, August 9th. The industrial products company reported $1.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.01. The company had revenue of $579.34 million during the quarter, compared to analyst estimates of $587.49 million. The Middleby Corporation had a return on equity of 23.45% and a net margin of 13.16%. On average, equities research analysts expect that The Middleby Corporation will post $5.67 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Metropolitan Life Insurance Co. NY Maintains Stake in The Middleby Corporation (NASDAQ:MIDD)” was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this article on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The legal version of this article can be read at https://www.watchlistnews.com/metropolitan-life-insurance-co-ny-maintains-stake-in-the-middleby-corporation-nasdaqmidd/1475630.html.

A number of research analysts recently issued reports on the company. BidaskClub downgraded The Middleby Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday. BMO Capital Markets restated a “buy” rating and set a $150.00 price target on shares of The Middleby Corporation in a research note on Friday. Zacks Investment Research upgraded The Middleby Corporation from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a research note on Tuesday, July 18th. Wellington Shields upgraded The Middleby Corporation from a “hold” rating to a “gradually accumulate” rating in a research note on Tuesday, July 11th. Finally, Seaport Global Securities assumed coverage on The Middleby Corporation in a research note on Thursday, June 29th. They set a “neutral” rating and a $128.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The Middleby Corporation presently has an average rating of “Hold” and an average target price of $141.67.

The Middleby Corporation Company Profile

The Middleby Corporation 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.

Want to see what other hedge funds are holding MIDD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Middleby Corporation (NASDAQ:MIDD).

Institutional Ownership by Quarter for The Middleby Corporation (NASDAQ:MIDD)

Receive News & Ratings for The Middleby Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Middleby Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.