Janney Montgomery Scott LLC bought a new stake in The Middleby Co. (NASDAQ:MIDD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,465 shares of the industrial products company's stock, valued at approximately $469,000.
Other institutional investors have also recently bought and sold shares of the company. Covestor Ltd grew its holdings in Middleby by 306.5% in the third quarter. Covestor Ltd now owns 252 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 190 shares during the period. UMB Bank n.a. lifted its position in Middleby by 93.2% during the third quarter. UMB Bank n.a. now owns 282 shares of the industrial products company's stock valued at $39,000 after buying an additional 136 shares in the last quarter. Avior Wealth Management LLC lifted its position in Middleby by 820.0% during the third quarter. Avior Wealth Management LLC now owns 322 shares of the industrial products company's stock valued at $45,000 after buying an additional 287 shares in the last quarter. GAMMA Investing LLC lifted its position in Middleby by 91.8% during the third quarter. GAMMA Investing LLC now owns 489 shares of the industrial products company's stock valued at $68,000 after buying an additional 234 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Middleby during the third quarter valued at approximately $72,000. 98.55% of the stock is currently owned by hedge funds and other institutional investors.
Middleby Stock Up 1.2 %
Shares of NASDAQ:MIDD traded up $1.90 during midday trading on Thursday, reaching $167.00. The company had a trading volume of 851,950 shares, compared to its average volume of 854,636. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.81 and a quick ratio of 1.70. The stock's fifty day moving average price is $147.20 and its 200-day moving average price is $141.17. The stock has a market capitalization of $8.98 billion, a P/E ratio of 23.03 and a beta of 1.64. The Middleby Co. has a one year low of $118.41 and a one year high of $177.90.
Analysts Set New Price Targets
A number of brokerages have weighed in on MIDD. Robert W. Baird lifted their price target on shares of Middleby from $157.00 to $227.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Jefferies Financial Group reaffirmed a "hold" rating and set a $160.00 price target (down from $170.00) on shares of Middleby in a research report on Thursday, December 12th. KeyCorp lifted their price target on shares of Middleby from $160.00 to $185.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Canaccord Genuity Group boosted their target price on shares of Middleby from $155.00 to $192.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, StockNews.com cut shares of Middleby from a "buy" rating to a "hold" rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $178.83.
Read Our Latest Research Report on MIDD
Middleby Company Profile
(
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.
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