Epoch Investment Partners Inc. Has $10.07 Million Position in The Middleby Co. (NASDAQ:MIDD)

Epoch Investment Partners Inc. lifted its position in The Middleby Co. (NASDAQ:MIDDFree Report) by 481.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,400 shares of the industrial products company’s stock after purchasing an additional 56,627 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Middleby were worth $10,066,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its stake in Middleby by 14,616.7% during the fourth quarter. International Assets Investment Management LLC now owns 15,894 shares of the industrial products company’s stock worth $2,339,000 after purchasing an additional 15,786 shares during the period. Assenagon Asset Management S.A. raised its stake in Middleby by 218.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 21,842 shares of the industrial products company’s stock worth $3,214,000 after acquiring an additional 14,991 shares in the last quarter. Trexquant Investment LP bought a new position in shares of Middleby during the fourth quarter valued at $1,178,000. Nordea Investment Management AB boosted its stake in shares of Middleby by 13.3% in the 4th quarter. Nordea Investment Management AB now owns 1,696,476 shares of the industrial products company’s stock valued at $251,621,000 after purchasing an additional 198,859 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Middleby by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 617,974 shares of the industrial products company’s stock worth $90,953,000 after buying an additional 13,632 shares during the last quarter. Institutional investors and hedge funds own 98.55% of the company’s stock.

Insider Buying and Selling at Middleby

In related news, Director Chapin Sarah Palisi sold 235 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $137.18, for a total transaction of $32,237.30. Following the sale, the director now owns 7,211 shares of the company’s stock, valued at approximately $989,204.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director John R. Miller III sold 2,000 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $126.32, for a total value of $252,640.00. Following the completion of the transaction, the director now directly owns 10,931 shares of the company’s stock, valued at approximately $1,380,803.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Chapin Sarah Palisi sold 235 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $137.18, for a total value of $32,237.30. Following the transaction, the director now directly owns 7,211 shares of the company’s stock, valued at $989,204.98. The disclosure for this sale can be found here. Insiders own 1.16% of the company’s stock.

Middleby Trading Down 0.0 %

Shares of MIDD stock traded down $0.01 during trading hours on Friday, reaching $125.89. The company had a trading volume of 336,679 shares, compared to its average volume of 583,125. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.40 and a quick ratio of 1.28. The Middleby Co. has a 1-year low of $109.59 and a 1-year high of $161.01. The company has a 50 day moving average of $139.00 and a 200 day moving average of $142.05. The firm has a market cap of $6.77 billion, a price-to-earnings ratio of 17.53 and a beta of 1.60.

Middleby (NASDAQ:MIDDGet Free Report) last posted its earnings results on Wednesday, May 8th. The industrial products company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.16). The company had revenue of $926.90 million for the quarter, compared to analyst estimates of $979.05 million. Middleby had a return on equity of 15.88% and a net margin of 9.82%. Middleby’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.19 earnings per share. On average, equities research analysts anticipate that The Middleby Co. will post 9.8 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Canaccord Genuity Group dropped their price target on Middleby from $166.00 to $159.00 and set a “buy” rating for the company in a report on Thursday, May 9th. JPMorgan Chase & Co. cut Middleby from a “neutral” rating to an “underweight” rating and cut their price target for the company from $145.00 to $118.00 in a report on Wednesday, May 22nd. Finally, William Blair raised shares of Middleby to a “hold” rating in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $153.43.

Get Our Latest Analysis on MIDD

About Middleby

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Middleby (NASDAQ:MIDD)

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