Clinton Group Inc. decreased its stake in The Middleby Corporation (NASDAQ:MIDD) by 84.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,323 shares of the industrial products company’s stock after selling 12,837 shares during the period. Clinton Group Inc.’s holdings in The Middleby Corporation were worth $282,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of The Middleby Corporation by 1.2% in the second quarter. Vanguard Group Inc. now owns 4,541,273 shares of the industrial products company’s stock valued at $551,811,000 after purchasing an additional 54,010 shares during the period. BlackRock Inc. lifted its stake in shares of The Middleby Corporation by 2.7% in the second quarter. BlackRock Inc. now owns 2,701,818 shares of the industrial products company’s stock valued at $328,297,000 after purchasing an additional 69,896 shares during the period. Fiera Capital Corp lifted its stake in shares of The Middleby Corporation by 19.3% in the second quarter. Fiera Capital Corp now owns 2,480,553 shares of the industrial products company’s stock valued at $301,412,000 after purchasing an additional 401,561 shares during the period. William Blair Investment Management LLC lifted its stake in shares of The Middleby Corporation by 40.4% in the second quarter. William Blair Investment Management LLC now owns 1,809,903 shares of the industrial products company’s stock valued at $219,921,000 after purchasing an additional 520,906 shares during the period. Finally, CI Global Investments Inc. lifted its stake in shares of The Middleby Corporation by 11.9% in the second quarter. CI Global Investments Inc. now owns 1,490,255 shares of the industrial products company’s stock valued at $181,081,000 after purchasing an additional 157,962 shares during the period. Hedge funds and other institutional investors own 95.22% of the company’s stock.

Several analysts recently commented on the stock. BidaskClub cut shares of The Middleby Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Robert W. Baird reduced their price objective on shares of The Middleby Corporation from $145.00 to $142.00 and set an “outperform” rating for the company in a research note on Friday, August 11th. BMO Capital Markets reiterated a “buy” rating and issued a $150.00 price objective on shares of The Middleby Corporation in a research note on Friday, August 11th. Zacks Investment Research upgraded shares of The Middleby Corporation from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a research note on Tuesday, July 18th. Finally, Wellington Shields upgraded shares of The Middleby Corporation from a “hold” rating to a “gradually accumulate” rating in a research note on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $142.50.

In related news, Director Gordon Obrien sold 5,600 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $121.41, for a total value of $679,896.00. Following the completion of the sale, the director now owns 11,050 shares of the company’s stock, valued at $1,341,580.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John R. Miller III sold 8,500 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $118.50, for a total transaction of $1,007,250.00. Following the completion of the sale, the director now directly owns 16,000 shares of the company’s stock, valued at approximately $1,896,000. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

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Shares of The Middleby Corporation (NASDAQ MIDD) opened at 125.43 on Tuesday. The firm has a market cap of $7.23 billion, a PE ratio of 23.49 and a beta of 1.82. The company has a 50 day moving average of $122.20 and a 200 day moving average of $128.06. The Middleby Corporation has a 52 week low of $108.45 and a 52 week high of $150.87.

The Middleby Corporation (NASDAQ:MIDD) last posted its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.01. The business had revenue of $579.34 million during the quarter, compared to the consensus estimate of $587.49 million. The Middleby Corporation had a net margin of 13.38% and a return on equity of 23.05%. On average, equities research analysts anticipate that The Middleby Corporation will post $5.59 EPS for the current fiscal year.

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.

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

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