Vanguard Group Inc. raised its stake in The Middleby Corporation (NASDAQ:MIDD) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,541,273 shares of the industrial products company’s stock after acquiring an additional 54,010 shares during the period. Vanguard Group Inc. owned about 7.89% of The Middleby Corporation worth $551,811,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. World Asset Management Inc raised its stake in The Middleby Corporation by 1.1% during the second quarter. World Asset Management Inc now owns 2,591 shares of the industrial products company’s stock worth $315,000 after acquiring an additional 27 shares in the last quarter. Honkamp Krueger Financial Services Inc. lifted its holdings in shares of The Middleby Corporation by 0.7% during the second quarter. Honkamp Krueger Financial Services Inc. now owns 5,396 shares of the industrial products company’s stock valued at $656,000 after acquiring an additional 35 shares during the period. LS Investment Advisors LLC lifted its holdings in shares of The Middleby Corporation by 4.7% during the second quarter. LS Investment Advisors LLC now owns 1,072 shares of the industrial products company’s stock valued at $130,000 after acquiring an additional 48 shares during the period. Van ECK Associates Corp lifted its holdings in shares of The Middleby Corporation by 7.7% during the first quarter. Van ECK Associates Corp now owns 780 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 56 shares during the period. Finally, Renaissance Group LLC boosted its stake in shares of The Middleby Corporation by 2.6% in the 2nd quarter. Renaissance Group LLC now owns 2,635 shares of the industrial products company’s stock valued at $320,000 after purchasing an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 95.23% of the company’s stock.

The Middleby Corporation (NASDAQ:MIDD) opened at 126.02 on Tuesday. The firm has a market cap of $7.26 billion, a price-to-earnings ratio of 23.60 and a beta of 1.82. The Middleby Corporation has a 1-year low of $108.45 and a 1-year high of $150.87. The firm has a 50-day moving average price of $120.79 and a 200-day moving average price of $128.39.

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

Several equities research analysts have recently commented on MIDD shares. Zacks Investment Research lowered shares of The Middleby Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Macquarie upgraded shares of The Middleby Corporation from a “neutral” rating to an “outperform” rating and set a $150.00 target price for the company in a research report on Tuesday, August 15th. BMO Capital Markets reissued a “buy” rating and set a $150.00 price target on shares of The Middleby Corporation in a report on Friday, August 11th. BidaskClub raised shares of The Middleby Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Seaport Global Securities assumed coverage on shares of The Middleby Corporation in a report on Thursday, June 29th. They set a “neutral” rating and a $128.00 price target for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $142.50.

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

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The Middleby Corporation 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.

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

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