Dixon Mitchell Investment Counsel Inc. Has $30.06 Million Stock Holdings in The Middleby Co. (NASDAQ:MIDD)

Dixon Mitchell Investment Counsel Inc. cut its holdings in shares of The Middleby Co. (NASDAQ:MIDD - Free Report) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 221,956 shares of the industrial products company's stock after selling 3,254 shares during the quarter. Middleby comprises 1.4% of Dixon Mitchell Investment Counsel Inc.'s portfolio, making the stock its 27th biggest holding. Dixon Mitchell Investment Counsel Inc. owned 0.41% of Middleby worth $30,064,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Westwood Holdings Group Inc. boosted its position in shares of Middleby by 11.7% in the second quarter. Westwood Holdings Group Inc. now owns 96,482 shares of the industrial products company's stock valued at $11,830,000 after acquiring an additional 10,115 shares during the period. Epoch Investment Partners Inc. boosted its holdings in Middleby by 35.2% in the 2nd quarter. Epoch Investment Partners Inc. now owns 482,389 shares of the industrial products company's stock valued at $59,146,000 after purchasing an additional 125,675 shares during the period. Sei Investments Co. grew its position in shares of Middleby by 27.4% during the 2nd quarter. Sei Investments Co. now owns 76,345 shares of the industrial products company's stock worth $9,361,000 after purchasing an additional 16,432 shares in the last quarter. Atria Investments Inc increased its holdings in shares of Middleby by 533.3% during the third quarter. Atria Investments Inc now owns 10,348 shares of the industrial products company's stock worth $1,440,000 after purchasing an additional 8,714 shares during the period. Finally, Quest Partners LLC raised its position in shares of Middleby by 142,460.0% in the third quarter. Quest Partners LLC now owns 7,128 shares of the industrial products company's stock valued at $992,000 after buying an additional 7,123 shares in the last quarter. 98.55% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MIDD has been the topic of a number of recent research reports. Jefferies Financial Group restated a "hold" rating and set a $160.00 price objective (down previously from $170.00) on shares of Middleby in a research note on Thursday, December 12th. Canaccord Genuity Group restated a "buy" rating and issued a $155.00 price target on shares of Middleby in a research report on Friday, December 20th. Finally, StockNews.com raised shares of Middleby from a "hold" rating to a "buy" rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $154.67.

Middleby Price Performance

NASDAQ:MIDD traded up $0.73 during trading hours on Thursday, hitting $141.64. The company's stock had a trading volume of 410,678 shares, compared to its average volume of 555,318. The Middleby Co. has a twelve month low of $118.41 and a twelve month high of $161.01. 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 has a fifty day simple moving average of $138.35 and a 200-day simple moving average of $136.04. The company has a market capitalization of $7.62 billion, a P/E ratio of 19.54 and a beta of 1.61.

Middleby (NASDAQ:MIDD - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The industrial products company reported $2.33 earnings per share for the quarter, missing analysts' consensus estimates of $2.48 by ($0.15). The company had revenue of $942.81 million during the quarter, compared to analyst estimates of $996.60 million. Middleby had a net margin of 10.14% and a return on equity of 14.66%. The company's revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.35 earnings per share. On average, analysts anticipate that The Middleby Co. will post 9.12 EPS for the current fiscal year.

About Middleby

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.