Eagle Asset Management Inc. lowered its stake in The Middleby Corp. (NASDAQ:MIDD) by 1.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 193,864 shares of the company’s stock after selling 2,378 shares during the period. Eagle Asset Management Inc. owned 0.34% of The Middleby Corp. worth $23,965,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of MIDD. Vanguard Group Inc. boosted its stake in The Middleby Corp. by 2.2% in the second quarter. Vanguard Group Inc. now owns 4,032,828 shares of the company’s stock worth $464,783,000 after buying an additional 86,346 shares in the last quarter. Fiera Capital Corp boosted its stake in The Middleby Corp. by 37.7% in the second quarter. Fiera Capital Corp now owns 1,634,564 shares of the company’s stock worth $188,384,000 after buying an additional 447,822 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in The Middleby Corp. by 40.8% in the second quarter. JPMorgan Chase & Co. now owns 1,595,112 shares of the company’s stock worth $183,837,000 after buying an additional 462,257 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in The Middleby Corp. by 1.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,408,310 shares of the company’s stock worth $162,308,000 after buying an additional 23,926 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its stake in The Middleby Corp. by 2.4% in the second quarter. William Blair Investment Management LLC now owns 1,395,282 shares of the company’s stock worth $160,806,000 after buying an additional 32,206 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

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

The Middleby Corp. (NASDAQ:MIDD) traded down 1.311% during midday trading on Monday, hitting $137.385. The stock had a trading volume of 325,494 shares. The company has a 50-day moving average of $120.00 and a 200-day moving average of $121.32. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 30.943 and a beta of 1.44. The Middleby Corp. has a 1-year low of $79.11 and a 1-year high of $140.98.

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MIDD has been the subject of a number of recent analyst reports. Zacks Investment Research cut The Middleby Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, October 12th. Deutsche Bank AG initiated coverage on The Middleby Corp. in a report on Tuesday, September 6th. They set a “hold” rating and a $123.00 price target for the company. Finally, Wellington Shields raised The Middleby Corp. from a “hold” rating to an “accumulate” rating in a report on Friday, September 9th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The Middleby Corp. presently has an average rating of “Buy” and a consensus target price of $124.67.

The Middleby Corp. Company Profile

The Middleby Corporation (Middleby) 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.

5 Day Chart for NASDAQ:MIDD

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