Dixon Mitchell Investment Counsel Inc. Has $31.33 Million Holdings in The Middleby Co. (NASDAQ:MIDD)

Dixon Mitchell Investment Counsel Inc. lifted its position in shares of The Middleby Co. (NASDAQ:MIDD - Free Report) by 6.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 225,210 shares of the industrial products company's stock after purchasing an additional 13,935 shares during the quarter. Middleby makes up about 1.4% of Dixon Mitchell Investment Counsel Inc.'s investment portfolio, making the stock its 28th largest position. Dixon Mitchell Investment Counsel Inc. owned 0.42% of Middleby worth $31,333,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Greenleaf Trust grew its holdings in shares of Middleby by 4.3% during the 1st quarter. Greenleaf Trust now owns 1,807 shares of the industrial products company's stock worth $291,000 after purchasing an additional 75 shares in the last quarter. Blue Trust Inc. boosted its stake in Middleby by 4.8% in the 2nd quarter. Blue Trust Inc. now owns 2,022 shares of the industrial products company's stock valued at $248,000 after buying an additional 93 shares in the last quarter. Mendota Financial Group LLC boosted its stake in Middleby by 10.0% in the 2nd quarter. Mendota Financial Group LLC now owns 1,150 shares of the industrial products company's stock valued at $141,000 after buying an additional 105 shares in the last quarter. GAMMA Investing LLC boosted its stake in Middleby by 97.7% in the 2nd quarter. GAMMA Investing LLC now owns 255 shares of the industrial products company's stock valued at $31,000 after buying an additional 126 shares in the last quarter. Finally, Quarry LP boosted its stake in Middleby by 133.3% in the 2nd quarter. Quarry LP now owns 231 shares of the industrial products company's stock valued at $28,000 after buying an additional 132 shares in the last quarter. Institutional investors and hedge funds own 98.55% of the company's stock.

Middleby Trading Up 0.1 %

Shares of MIDD stock traded up $0.11 on Friday, reaching $139.70. 293,211 shares of the stock were exchanged, compared to its average volume of 486,078. The stock has a market cap of $7.51 billion, a PE ratio of 19.46 and a beta of 1.58. The Middleby Co. has a one year low of $109.59 and a one year high of $161.01. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.50 and a quick ratio of 1.43. The stock has a 50 day moving average price of $137.39 and a 200 day moving average price of $134.54.

Middleby (NASDAQ:MIDD - Get Free Report) last released its earnings results on Thursday, August 1st. The industrial products company reported $2.39 earnings per share for the quarter, topping analysts' consensus estimates of $2.31 by $0.08. The company had revenue of $991.55 million during the quarter, compared to the consensus estimate of $994.05 million. Middleby had a return on equity of 15.25% and a net margin of 9.90%. The firm's quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.47 earnings per share. Equities research analysts forecast that The Middleby Co. will post 9.63 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on MIDD. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $164.00 price target on shares of Middleby in a research note on Friday, September 13th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $164.00 price target on shares of Middleby in a research note on Saturday, September 14th. KeyCorp cut their price objective on Middleby from $175.00 to $160.00 and set an "overweight" rating for the company in a research report on Monday, July 15th. Raymond James began coverage on Middleby in a research report on Friday, June 28th. They issued a "market perform" rating for the company. Finally, JPMorgan Chase & Co. lifted their price objective on Middleby from $118.00 to $120.00 and gave the company an "underweight" rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $156.17.

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.