The Middleby Co. (NASDAQ:MIDD) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp lessened its stake in shares of The Middleby Co. (NASDAQ:MIDD - Free Report) by 71.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 42,711 shares of the industrial products company's stock after selling 106,568 shares during the period. Boston Trust Walden Corp owned 0.08% of Middleby worth $6,286,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of MIDD. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Middleby during the 1st quarter worth $821,000. Great West Life Assurance Co. Can raised its holdings in Middleby by 8.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 30,611 shares of the industrial products company's stock valued at $5,161,000 after buying an additional 2,362 shares during the period. Sei Investments Co. raised its holdings in Middleby by 1.0% in the 1st quarter. Sei Investments Co. now owns 57,728 shares of the industrial products company's stock valued at $9,442,000 after buying an additional 588 shares during the period. Baird Financial Group Inc. raised its holdings in Middleby by 136.2% in the 1st quarter. Baird Financial Group Inc. now owns 4,706 shares of the industrial products company's stock valued at $771,000 after buying an additional 2,714 shares during the period. Finally, Loomis Sayles & Co. L P purchased a new stake in Middleby in the 1st quarter valued at about $21,366,000. Hedge funds and other institutional investors own 98.55% of the company's stock.

Middleby Stock Down 0.0 %

Shares of Middleby stock traded down $0.04 on Friday, reaching $150.73. 253,322 shares of the company were exchanged, compared to its average volume of 329,282. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.31 and a quick ratio of 1.21. The Middleby Co. has a 1-year low of $109.59 and a 1-year high of $161.01. The stock's 50 day moving average price is $150.79 and its 200-day moving average price is $137.48. The company has a market cap of $8.08 billion, a P/E ratio of 20.34 and a beta of 1.56.

Middleby (NASDAQ:MIDD - Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.44 by $0.21. Middleby had a return on equity of 16.99% and a net margin of 9.93%. The business had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the prior year, the business earned $2.57 earnings per share. The company's quarterly revenue was down 2.2% compared to the same quarter last year. As a group, equities analysts forecast that The Middleby Co. will post 10.31 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Jefferies Financial Group boosted their price objective on shares of Middleby from $140.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, January 11th. Canaccord Genuity Group boosted their price objective on shares of Middleby from $164.00 to $166.00 and gave the company a "buy" rating in a report on Wednesday, February 21st. Finally, TheStreet upgraded shares of Middleby from a "c+" rating to a "b-" rating in a research note on Monday, January 8th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $159.38.

Insider Transactions at Middleby

In other Middleby news, Director Chapin Sarah Palisi sold 350 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $151.47, for a total value of $53,014.50. Following the completion of the transaction, the director now owns 6,306 shares in the company, valued at $955,169.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Middleby news, Director Chapin Sarah Palisi sold 350 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $151.47, for a total value of $53,014.50. Following the completion of the transaction, the director now owns 6,306 shares in the company, valued at $955,169.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Cathy L. Mccarthy sold 1,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $153.12, for a total value of $153,120.00. Following the completion of the transaction, the director now owns 7,971 shares of the company's stock, valued at approximately $1,220,519.52. The disclosure for this sale can be found here. Company insiders own 1.16% of the company's stock.

Middleby 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.