First National Bank of Omaha decreased its position in shares of The Middleby Corporation (NASDAQ:MIDD) by 2.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,678 shares of the industrial products company’s stock after selling 1,780 shares during the period. First National Bank of Omaha owned 0.13% of The Middleby Corporation worth $8,304,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in MIDD. Macquarie Group Ltd. raised its position in 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. Great West Life Assurance Co. Can raised its position in The Middleby Corporation by 5.7% in the first quarter. Great West Life Assurance Co. Can now owns 18,871 shares of the industrial products company’s stock worth $2,572,000 after buying an additional 1,011 shares during the last quarter. RMB Capital Management LLC raised its position in The Middleby Corporation by 6.1% in the fourth quarter. RMB Capital Management LLC now owns 119,988 shares of the industrial products company’s stock worth $15,456,000 after buying an additional 6,857 shares during the last quarter. World Asset Management Inc raised its position in The Middleby Corporation by 27.0% in the first quarter. World Asset Management Inc now owns 2,564 shares of the industrial products company’s stock worth $350,000 after buying an additional 545 shares during the last quarter. Finally, Clinton Group Inc. raised its position in The Middleby Corporation by 467.4% in the first quarter. Clinton Group Inc. now owns 15,160 shares of the industrial products company’s stock worth $2,069,000 after buying an additional 12,488 shares during the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.
The Middleby Corporation (NASDAQ MIDD) opened at 128.35 on Friday. The Middleby Corporation has a 52 week low of $108.45 and a 52 week high of $150.87. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 24.40 and a beta of 1.82. The company has a 50 day moving average price of $125.96 and a 200 day moving average price of $132.97.
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 (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.12. The firm had revenue of $530.30 million during the quarter, compared to analysts’ expectations of $542.50 million. The Middleby Corporation had a net margin of 13.16% and a return on equity of 23.45%. Analysts expect that The Middleby Corporation will post $5.67 EPS for the current fiscal year.
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A number of equities analysts have weighed in on MIDD shares. BMO Capital Markets reiterated an “outperform” rating and set a $155.00 price objective (down previously from $160.00) on shares of The Middleby Corporation in a research note on Wednesday, May 17th. Zacks Investment Research lowered The Middleby Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. BidaskClub lowered The Middleby Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Seaport Global Securities assumed coverage on The Middleby Corporation in a research note on Thursday, June 29th. They issued a “neutral” rating and a $128.00 price target for the company. Finally, Wellington Shields upgraded The Middleby Corporation from a “hold” rating to a “gradually accumulate” rating in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The Middleby Corporation has an average rating of “Hold” and a consensus price target of $141.67.
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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