New York State Common Retirement Fund grew its stake in The Middleby Corporation (NASDAQ:MIDD) by 4.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 277,621 shares of the industrial products company’s stock after acquiring an additional 11,199 shares during the quarter. New York State Common Retirement Fund owned about 0.48% of The Middleby Corporation worth $33,734,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Amalgamated Bank increased its stake in shares of The Middleby Corporation by 28.5% in the 2nd quarter. Amalgamated Bank now owns 10,631 shares of the industrial products company’s stock worth $1,292,000 after acquiring an additional 2,360 shares during the last quarter. Nicholas Company Inc. increased its stake in shares of The Middleby Corporation by 173.8% in the 2nd quarter. Nicholas Company Inc. now owns 133,945 shares of the industrial products company’s stock worth $16,275,000 after acquiring an additional 85,020 shares during the last quarter. Vision Capital Management Inc. acquired a new stake in shares of The Middleby Corporation in the 2nd quarter worth $1,203,000. BlackRock Inc. increased its stake in shares of The Middleby Corporation by 2.7% in the 2nd quarter. BlackRock Inc. now owns 2,701,818 shares of the industrial products company’s stock worth $328,297,000 after acquiring an additional 69,896 shares during the last quarter. Finally, Comerica Securities Inc. increased its stake in shares of The Middleby Corporation by 6.3% in the 2nd quarter. Comerica Securities Inc. now owns 2,535 shares of the industrial products company’s stock worth $308,000 after acquiring an additional 150 shares during the last quarter. 95.23% of the stock is owned by institutional investors and hedge funds.

Shares of The Middleby Corporation (NASDAQ:MIDD) opened at 121.53 on Monday. The firm has a market capitalization of $7.00 billion, a P/E ratio of 22.76 and a beta of 1.81. The Middleby Corporation has a 12 month low of $108.45 and a 12 month high of $150.87. The company’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 data on Wednesday, August 9th. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.01. The Middleby Corporation had a return on equity of 23.05% and a net margin of 13.38%. The business had revenue of $579.34 million for the quarter, compared to the consensus estimate of $587.49 million. On average, equities analysts predict that The Middleby Corporation will post $5.61 earnings per share for the current fiscal year.

A number of analysts have issued reports on the company. BMO Capital Markets reaffirmed a “buy” rating and issued a $150.00 target price on shares of The Middleby Corporation in a research note on Friday, August 11th. BidaskClub downgraded The Middleby Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Robert W. Baird cut their target price on 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. Zacks Investment Research downgraded The Middleby Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. Finally, 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 target price for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $142.71.

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In related news, Director John R. Miller III sold 8,500 shares of the 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 transaction, the director now directly owns 16,000 shares in the company, valued at $1,896,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gordon Obrien sold 5,600 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $121.41, for a total value of $679,896.00. Following the transaction, the director now owns 11,050 shares in the company, valued at $1,341,580.50. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

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.

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

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