New York State Common Retirement Fund Has $7.62 Million Stake in The Middleby Co. (NASDAQ:MIDD)

New York State Common Retirement Fund cut its holdings in shares of The Middleby Co. (NASDAQ:MIDD - Free Report) by 10.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,778 shares of the industrial products company's stock after selling 5,824 shares during the quarter. New York State Common Retirement Fund owned 0.10% of Middleby worth $7,620,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Raymond James & Associates purchased a new position in Middleby during the 3rd quarter worth $575,000. Simon Quick Advisors LLC grew its holdings in Middleby by 44.0% during the 3rd quarter. Simon Quick Advisors LLC now owns 2,353 shares of the industrial products company's stock valued at $301,000 after buying an additional 719 shares during the last quarter. Strs Ohio increased its position in Middleby by 9.4% during the 3rd quarter. Strs Ohio now owns 12,068 shares of the industrial products company's stock worth $1,544,000 after purchasing an additional 1,037 shares in the last quarter. Inspire Investing LLC lifted its holdings in Middleby by 12.2% in the 3rd quarter. Inspire Investing LLC now owns 7,354 shares of the industrial products company's stock valued at $941,000 after purchasing an additional 802 shares in the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. boosted its stake in shares of Middleby by 1.2% during the 3rd quarter. Leith Wheeler Investment Counsel Ltd. now owns 49,154 shares of the industrial products company's stock worth $6,292,000 after purchasing an additional 586 shares during the last quarter. Institutional investors and hedge funds own 98.55% of the company's stock.

Insider Transactions at Middleby

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Jefferies Financial Group upped their price objective on shares of Middleby from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, January 11th. Canaccord Genuity Group boosted their target price 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 raised 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 given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $159.38.

Middleby Stock Performance

Shares of NASDAQ:MIDD traded up $1.21 during trading on Friday, reaching $140.08. 544,964 shares of the company's stock traded hands, compared to its average volume of 342,462. The Middleby Co. has a 12 month low of $109.59 and a 12 month high of $161.01. 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 stock has a market capitalization of $7.51 billion, a P/E ratio of 18.90 and a beta of 1.58. The company has a 50 day moving average of $150.30 and a 200-day moving average of $139.64.

Middleby (NASDAQ:MIDD - Get Free Report) last announced its earnings results on Tuesday, February 20th. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.44 by $0.21. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. Middleby had a net margin of 9.93% and a return on equity of 16.99%. Middleby's revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.57 EPS. On average, equities analysts expect that The Middleby Co. will post 10.27 EPS for the current year.

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.