South Texas Money Management Ltd. raised its position in shares of The Middleby Corporation (NASDAQ:MIDD) by 10.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 141,124 shares of the industrial products company’s stock after buying an additional 13,035 shares during the period. South Texas Money Management Ltd. owned 0.25% of The Middleby Corporation worth $19,256,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in MIDD. Comerica Bank increased its position in shares of The Middleby Corporation by 6.0% in the fourth quarter. Comerica Bank now owns 20,992 shares of the industrial products company’s stock worth $2,833,000 after buying an additional 1,196 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of The Middleby Corporation by 0.8% in the fourth quarter. Macquarie Group Ltd. now owns 35,700 shares of the industrial products company’s stock worth $4,598,000 after buying an additional 300 shares during the last quarter. HighTower Advisors LLC increased its position in shares of The Middleby Corporation by 98.8% in the third quarter. HighTower Advisors LLC now owns 3,590 shares of the industrial products company’s stock worth $443,000 after buying an additional 1,784 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of The Middleby Corporation during the fourth quarter worth approximately $69,419,000. Finally, Congress Asset Management Co. MA acquired a new position in shares of The Middleby Corporation during the fourth quarter worth approximately $53,661,000. 95.55% of the stock is owned by hedge funds and other institutional investors.

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

Shares of The Middleby Corporation (NASDAQ MIDD) traded down 0.56% during mid-day trading on Friday, reaching $131.17. 285,463 shares of the company’s stock traded hands. The stock has a market capitalization of $7.55 billion, a PE ratio of 24.94 and a beta of 1.74. The company’s 50-day moving average price is $132.71 and its 200-day moving average price is $134.95. The Middleby Corporation has a 12-month low of $108.45 and a 12-month high of $150.87.

The Middleby Corporation (NASDAQ:MIDD) last posted its quarterly 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 Middleby Corporation had a net margin of 13.16% and a return on equity of 23.45%. The business had revenue of $530.30 million during the quarter, compared to analysts’ expectations of $542.50 million. Analysts anticipate that The Middleby Corporation will post $5.72 earnings per share for the current year.

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A number of research analysts recently commented on MIDD shares. Zacks Investment Research raised shares of The Middleby Corporation from a “sell” rating to a “hold” rating in a report on Thursday, March 2nd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $155.00 price target (down previously from $160.00) on shares of The Middleby Corporation in a report on Wednesday, May 17th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $144.00.

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.

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