Coastline Trust Co reduced its holdings in The Middleby Corporation (NASDAQ:MIDD) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,150 shares of the industrial products company’s stock after selling 130 shares during the quarter. Coastline Trust Co’s holdings in The Middleby Corporation were worth $990,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Van ECK Associates Corp grew its position in shares of The Middleby Corporation by 7.7% in the first quarter. Van ECK Associates Corp now owns 780 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 56 shares during the last quarter. IFP Advisors Inc grew its position in shares of The Middleby Corporation by 10.5% in the second quarter. IFP Advisors Inc now owns 1,031 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 98 shares during the last quarter. LS Investment Advisors LLC grew its position in shares of The Middleby Corporation by 4.7% in the second quarter. LS Investment Advisors LLC now owns 1,072 shares of the industrial products company’s stock valued at $130,000 after purchasing an additional 48 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its position in shares of The Middleby Corporation by 9.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,124 shares of the industrial products company’s stock valued at $137,000 after purchasing an additional 95 shares during the last quarter. Finally, Fiduciary Trust Co. acquired a new stake in shares of The Middleby Corporation in the second quarter valued at about $143,000. 95.34% of the stock is currently owned by institutional investors.

In other The Middleby Corporation news, Director John R. Miller III sold 8,500 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $118.50, for a total value of $1,007,250.00. Following the completion of the sale, the director now owns 16,000 shares of the company’s stock, valued at approximately $1,896,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION NOTICE: This news story was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another publication, it was illegally stolen and republished in violation of United States & international copyright & trademark law. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/12/the-middleby-corporation-midd-shares-sold-by-coastline-trust-co.html.

Several equities research analysts recently weighed in on MIDD shares. BMO Capital Markets reiterated an “outperform” rating and issued a $155.00 target price (down previously from $160.00) on shares of The Middleby Corporation in a research note on Wednesday, May 17th. BidaskClub upgraded shares of The Middleby Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded shares of The Middleby Corporation from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a research note on Tuesday, July 18th. Seaport Global Securities started coverage on shares of The Middleby Corporation in a research note on Thursday, June 29th. They issued a “neutral” rating and a $128.00 target price for the company. Finally, Robert W. Baird reduced their target price 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The Middleby Corporation has an average rating of “Hold” and a consensus price target of $142.71.

Shares of The Middleby Corporation (MIDD) opened at 122.51 on Tuesday. The company has a 50 day moving average of $123.08 and a 200 day moving average of $130.14. The Middleby Corporation has a 1-year low of $108.45 and a 1-year high of $150.87. The company has a market cap of $7.06 billion, a PE ratio of 22.95 and a beta of 1.81.

The Middleby Corporation (NASDAQ:MIDD) last announced its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $1.39 EPS for the quarter, beating the Zacks’ consensus estimate 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 analyst estimates of $587.49 million. Equities analysts expect that The Middleby Corporation will post $5.61 earnings per share for the current fiscal year.

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.

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 & Stock 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 stocks with our FREE daily email newsletter.