8,353 Shares in The Middleby Co. (NASDAQ:MIDD) Bought by ST. Nicholas Private Asset Management Inc.

ST. Nicholas Private Asset Management Inc. acquired a new position in shares of The Middleby Co. (NASDAQ:MIDD) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 8,353 shares of the industrial products company’s stock, valued at approximately $1,131,000. Middleby makes up about 1.0% of ST. Nicholas Private Asset Management Inc.’s portfolio, making the stock its 26th largest position.

A number of other institutional investors have also recently added to or reduced their stakes in MIDD. Assenagon Asset Management S.A. grew its stake in shares of Middleby by 4,494.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,266,327 shares of the industrial products company’s stock worth $171,524,000 after purchasing an additional 1,238,767 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Middleby by 17.7% in the third quarter. Pacer Advisors Inc. now owns 1,138,999 shares of the industrial products company’s stock worth $158,469,000 after purchasing an additional 171,634 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of 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 in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Middleby by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 344,391 shares of the industrial products company’s stock worth $47,915,000 after purchasing an additional 2,676 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of Middleby by 275.2% in the third quarter. New York State Common Retirement Fund now owns 185,885 shares of the industrial products company’s stock worth $25,862,000 after purchasing an additional 136,345 shares in the last quarter. 98.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MIDD shares. Robert W. Baird increased their price target on Middleby from $157.00 to $227.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. upped their price objective on Middleby from $134.00 to $145.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Canaccord Genuity Group upped their price objective on Middleby from $155.00 to $192.00 and gave the company a “buy” rating in a report on Monday, January 27th. Jefferies Financial Group restated a “hold” rating and issued a $160.00 price objective (down previously from $170.00) on shares of Middleby in a report on Thursday, December 12th. Finally, StockNews.com lowered Middleby from a “buy” rating to a “hold” rating in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $178.83.

Middleby Trading Down 1.7 %

Shares of NASDAQ MIDD opened at $167.07 on Friday. The Middleby Co. has a 12 month low of $118.41 and a 12 month high of $177.90. The company has a market cap of $8.99 billion, a price-to-earnings ratio of 23.04 and a beta of 1.64. The company has a quick ratio of 1.70, a current ratio of 2.81 and a debt-to-equity ratio of 0.66. The business has a fifty day simple moving average of $150.44 and a 200-day simple moving average of $142.51.

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.