Stevens Capital Management LP decreased its position in shares of The Middleby Corporation (NASDAQ:MIDD) by 73.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,687 shares of the industrial products company’s stock after selling 26,343 shares during the quarter. Stevens Capital Management LP’s holdings in The Middleby Corporation were worth $1,177,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp lifted its position in The Middleby Corporation by 7.7% during the first quarter. Van ECK Associates Corp now owns 780 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 56 shares during the period. IFP Advisors Inc lifted its position in The Middleby Corporation by 10.5% during the second quarter. IFP Advisors Inc now owns 1,031 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 98 shares during the period. LS Investment Advisors LLC lifted its position in The Middleby Corporation by 4.7% during the second quarter. LS Investment Advisors LLC now owns 1,072 shares of the industrial products company’s stock worth $130,000 after purchasing an additional 48 shares during the period. Bronfman E.L. Rothschild L.P. lifted its position in The Middleby Corporation by 9.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,124 shares of the industrial products company’s stock worth $137,000 after purchasing an additional 95 shares during the period. Finally, Fiduciary Trust Co. bought a new stake in The Middleby Corporation during the second quarter worth about $143,000. 95.23% of the stock is owned by institutional investors and hedge funds.

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In other news, Director John R. Miller III sold 8,500 shares of The Middleby Corporation stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $118.50, for a total transaction of $1,007,250.00. Following the completion of the sale, the director now owns 16,000 shares in the company, valued at approximately $1,896,000. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gordon Obrien sold 5,600 shares of The Middleby Corporation stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $121.41, for a total value of $679,896.00. Following the sale, the director now owns 11,050 shares of the company’s stock, valued at approximately $1,341,580.50. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

The Middleby Corporation (NASDAQ MIDD) opened at 121.53 on Friday. The Middleby Corporation has a 52 week low of $108.45 and a 52 week high of $150.87. The firm has a market cap of $7.00 billion, a P/E ratio of 22.76 and a beta of 1.81. The firm’s 50-day moving average price is $121.60 and its 200 day moving average price is $129.31.

The Middleby Corporation (NASDAQ:MIDD) last issued its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.01. The firm had revenue of $579.34 million during the quarter, compared to the consensus estimate of $587.49 million. The Middleby Corporation had a return on equity of 23.05% and a net margin of 13.38%. Equities analysts forecast that The Middleby Corporation will post $5.61 earnings per share for the current fiscal year.

MIDD has been the subject of several recent analyst reports. BMO Capital Markets reaffirmed a “buy” rating and set a $150.00 price objective on shares of The Middleby Corporation in a research report on Friday, August 11th. Zacks Investment Research raised shares of The Middleby Corporation from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a research report on Tuesday, July 18th. Wellington Shields raised shares of The Middleby Corporation from a “hold” rating to a “gradually accumulate” rating in a research report on Tuesday, July 11th. Seaport Global Securities assumed coverage on The Middleby Corporation in a research note on Thursday, June 29th. They set a “neutral” rating and a $128.00 target price for the company. Finally, Citigroup Inc. reissued a “neutral” rating and set a $130.00 target price on shares of The Middleby Corporation in a research note on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $142.71.

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.

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

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