Trillium Asset Management LLC Has $7.69 Million Stock Position in The Middleby Co. (NASDAQ:MIDD)

Trillium Asset Management LLC decreased its stake in The Middleby Co. (NASDAQ:MIDD - Free Report) by 4.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,746 shares of the industrial products company's stock after selling 2,707 shares during the quarter. Trillium Asset Management LLC owned 0.11% of Middleby worth $7,687,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. raised its position in shares of Middleby by 4,494.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,266,327 shares of the industrial products company's stock valued at $171,524,000 after acquiring an additional 1,238,767 shares during the period. Pacer Advisors Inc. increased its stake in Middleby by 17.7% in the third quarter. Pacer Advisors Inc. now owns 1,138,999 shares of the industrial products company's stock valued at $158,469,000 after purchasing an additional 171,634 shares in the last quarter. Geode Capital Management LLC raised its holdings in Middleby by 1.0% in the third quarter. Geode Capital Management LLC now owns 936,596 shares of the industrial products company's stock worth $130,341,000 after purchasing an additional 8,926 shares during the period. Amundi boosted its position in shares of Middleby by 43.6% during the fourth quarter. Amundi now owns 371,854 shares of the industrial products company's stock worth $50,037,000 after purchasing an additional 112,855 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Middleby by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 348,223 shares of the industrial products company's stock valued at $47,167,000 after buying an additional 3,832 shares during the period. Institutional investors own 98.55% of the company's stock.

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Wall Street Analyst Weigh In

MIDD has been the topic of several recent analyst reports. Barclays lifted their target price on Middleby from $160.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Robert W. Baird lifted their price objective on Middleby from $157.00 to $227.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Jefferies Financial Group reissued a "hold" rating and set a $160.00 target price (down from $170.00) on shares of Middleby in a research note on Thursday, December 12th. StockNews.com lowered shares of Middleby from a "buy" rating to a "hold" rating in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Middleby from $145.00 to $150.00 and gave the stock an "underweight" rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $180.86.

Middleby Stock Up 2.7 %

Shares of MIDD stock traded up $4.13 during trading on Monday, reaching $158.54. The company's stock had a trading volume of 621,699 shares, compared to its average volume of 604,405. The Middleby Co. has a one year low of $118.41 and a one year high of $182.73. The business has a fifty day moving average price of $159.67 and a 200-day moving average price of $145.28. The company has a market cap of $8.50 billion, a price-to-earnings ratio of 21.87 and a beta of 1.72. The company has a quick ratio of 1.70, a current ratio of 2.81 and a debt-to-equity ratio of 0.66.

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

Insider Activity at Middleby

In other news, Director Chapin Sarah Palisi sold 500 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $163.51, for a total value of $81,755.00. Following the completion of the sale, the director now owns 6,111 shares of the company's stock, valued at approximately $999,209.61. This represents a 7.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.16% of the company's stock.

Middleby Company Profile

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.