Boston Partners Sells 5,420 Shares of The Middleby Co. (NASDAQ:MIDD)

Boston Partners lowered its holdings in shares of The Middleby Co. (NASDAQ:MIDD - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 421,671 shares of the industrial products company's stock after selling 5,420 shares during the quarter. Boston Partners owned 0.78% of Middleby worth $57,143,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Avior Wealth Management LLC raised its holdings in Middleby by 820.0% during the 3rd quarter. Avior Wealth Management LLC now owns 322 shares of the industrial products company's stock worth $45,000 after buying an additional 287 shares during the period. UMB Bank n.a. increased its position in shares of Middleby by 41.1% during the fourth quarter. UMB Bank n.a. now owns 398 shares of the industrial products company's stock worth $54,000 after acquiring an additional 116 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of Middleby by 16.0% during the fourth quarter. Principal Securities Inc. now owns 566 shares of the industrial products company's stock worth $77,000 after acquiring an additional 78 shares during the period. GAMMA Investing LLC lifted its position in Middleby by 27.2% in the 4th quarter. GAMMA Investing LLC now owns 622 shares of the industrial products company's stock valued at $84,000 after acquiring an additional 133 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new position in Middleby in the 3rd quarter worth $88,000. Institutional investors own 98.55% of the company's stock.

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Middleby Stock Performance

NASDAQ:MIDD traded up $4.13 on Monday, hitting $158.54. The company's stock had a trading volume of 621,699 shares, compared to its average volume of 604,405. The company has a current ratio of 2.81, a quick ratio of 1.70 and a debt-to-equity ratio of 0.66. The Middleby Co. has a one year low of $118.41 and a one year high of $182.73. The stock has a fifty day moving average of $159.67 and a two-hundred day moving average of $145.28. The firm has a market capitalization of $8.50 billion, a P/E ratio of 21.87 and a beta of 1.72.

Middleby (NASDAQ:MIDD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.38. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $996.69 million. Middleby had a return on equity of 14.66% and a net margin of 10.14%. The company's quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the firm posted $2.65 EPS. Research analysts predict that The Middleby Co. will post 9.11 earnings per share for the current year.

Insider Activity at Middleby

In other Middleby news, Director Chapin Sarah Palisi sold 500 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $163.51, for a total transaction of $81,755.00. Following the transaction, the director now owns 6,111 shares in the company, valued at $999,209.61. This trade represents a 7.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.16% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on MIDD shares. JPMorgan Chase & Co. boosted their price target on Middleby from $145.00 to $150.00 and gave the company an "underweight" rating in a report on Wednesday, February 26th. Jefferies Financial Group reaffirmed a "hold" rating and set a $160.00 price target (down previously from $170.00) on shares of Middleby in a research report on Thursday, December 12th. Canaccord Genuity Group raised their price target on shares of Middleby from $192.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. KeyCorp boosted their price objective on shares of Middleby from $160.00 to $185.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. Finally, StockNews.com downgraded shares of Middleby from a "buy" rating to a "hold" rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $180.86.

About Middleby

The Middleby Corporation designs, markets, manufactures, distributes, and services foodservice, food processing, and residential kitchen equipment worldwide. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispensers, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing.