Skandinaviska Enskilda Banken AB publ maintained its stake in shares of The Middleby Corporation (NASDAQ:MIDD) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,465 shares of the industrial products company’s stock at the end of the first quarter. Skandinaviska Enskilda Banken AB publ’s holdings in The Middleby Corporation were worth $336,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of The Middleby Corporation by 4.0% in the first quarter. Vanguard Group Inc. now owns 4,487,263 shares of the industrial products company’s stock worth $612,288,000 after buying an additional 171,612 shares in the last quarter. BlackRock Inc. boosted its stake in shares of The Middleby Corporation by 4,935.7% in the first quarter. BlackRock Inc. now owns 2,631,922 shares of the industrial products company’s stock worth $359,127,000 after buying an additional 2,579,657 shares in the last quarter. CI Global Investments Inc. boosted its stake in shares of The Middleby Corporation by 80.0% in the first quarter. CI Global Investments Inc. now owns 1,332,293 shares of the industrial products company’s stock worth $181,791,000 after buying an additional 592,293 shares in the last quarter. State Street Corp boosted its stake in shares of The Middleby Corporation by 2.9% in the first quarter. State Street Corp now owns 1,011,387 shares of the industrial products company’s stock worth $138,007,000 after buying an additional 28,581 shares in the last quarter. Finally, Janus Capital Management LLC boosted its stake in shares of The Middleby Corporation by 1.9% in the first quarter. Janus Capital Management LLC now owns 743,905 shares of the industrial products company’s stock worth $101,506,000 after buying an additional 13,533 shares in the last quarter. 95.55% of the stock is owned by institutional investors and hedge funds.

Shares of The Middleby Corporation (MIDD) opened at 122.30 on Friday. The stock has a market capitalization of $7.04 billion, a PE ratio of 23.25 and a beta of 1.81. The Middleby Corporation has a 52 week low of $108.45 and a 52 week high of $150.87. The stock has a 50 day moving average of $128.91 and a 200-day moving average of $133.91.

The Middleby Corporation (NASDAQ:MIDD) last posted its earnings results on Tuesday, May 9th. The industrial products company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.12. The firm had revenue of $530.30 million during the quarter, compared to analyst estimates of $542.50 million. The Middleby Corporation had a net margin of 13.16% and a return on equity of 23.45%. On average, equities research analysts expect that The Middleby Corporation will post $5.69 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Skandinaviska Enskilda Banken AB publ Maintains Position in The Middleby Corporation (NASDAQ:MIDD)” was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this article can be viewed at https://www.watchlistnews.com/skandinaviska-enskilda-banken-ab-publ-maintains-position-in-the-middleby-corporation-nasdaqmidd/1437375.html.

A number of analysts have commented on MIDD shares. BidaskClub cut shares of The Middleby Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. BMO Capital Markets reaffirmed a “buy” rating and set a $150.00 target price (down from $155.00) on shares of The Middleby Corporation in a report on Friday, June 23rd. Wellington Shields raised shares of The Middleby Corporation from a “hold” rating to a “gradually accumulate” rating in a report on Tuesday. Zacks Investment Research cut shares of The Middleby Corporation from a “buy” rating to a “hold” rating in a report on Friday, May 12th. Finally, Seaport Global Securities initiated coverage on shares of The Middleby Corporation in a research note on Thursday, June 29th. They issued a “neutral” rating and a $128.00 price objective for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $140.50.

About The Middleby Corporation

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.