Aperio Group LLC boosted its stake in The Middleby Corporation (NASDAQ:MIDD) by 41.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 17,455 shares of the industrial products company’s stock after buying an additional 5,154 shares during the period. Aperio Group LLC’s holdings in The Middleby Corporation were worth $2,121,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. YorkBridge Wealth Partners LLC boosted its stake in The Middleby Corporation by 14.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 728 shares of the industrial products company’s stock valued at $102,000 after buying an additional 90 shares during the last quarter. Van ECK Associates Corp boosted 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 buying an additional 56 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of The Middleby Corporation during the first quarter valued at $125,000. LS Investment Advisors LLC boosted 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 buying an additional 48 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted its position in shares of The Middleby Corporation by 0.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,029 shares of the industrial products company’s stock valued at $140,000 after buying an additional 9 shares in the last quarter. Institutional investors own 95.63% of the company’s stock.

Shares of The Middleby Corporation (NASDAQ:MIDD) traded up 0.23% during mid-day trading on Tuesday, reaching $130.25. The company’s stock had a trading volume of 129,945 shares. The Middleby Corporation has a 1-year low of $108.45 and a 1-year high of $150.87. The firm’s 50 day moving average price is $125.96 and its 200-day moving average price is $132.97. The company has a market capitalization of $7.49 billion, a price-to-earnings ratio of 24.76 and a beta of 1.82.

The Middleby Corporation (NASDAQ:MIDD) last issued its earnings results on Tuesday, May 9th. The industrial products company reported $1.26 EPS for the quarter, beating the Zacks’ 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 for the quarter, compared to the consensus estimate of $542.50 million. On average, analysts predict that The Middleby Corporation will post $5.67 EPS for the current year.

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Several research analysts have recently weighed in on the company. BidaskClub upgraded The Middleby Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded The Middleby Corporation from a “hold” rating to a “buy” rating and set a $142.00 target price on the stock in a report on Tuesday, July 18th. BMO Capital Markets restated a “buy” rating and set a $150.00 target price (down from $155.00) on shares of The Middleby Corporation in a report on Friday, June 23rd. Wellington Shields upgraded The Middleby Corporation from a “hold” rating to a “gradually accumulate” rating in a report on Tuesday, July 11th. Finally, Seaport Global Securities assumed coverage on shares of The Middleby Corporation in a research report on Thursday, June 29th. They set a “neutral” rating and a $128.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $141.67.

About The Middleby Corporation

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

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