New York State Common Retirement Fund Sells 3,085 Shares of The Middleby Co. (NASDAQ:MIDD)

New York State Common Retirement Fund cut its stake in shares of The Middleby Co. (NASDAQ:MIDD) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,800 shares of the industrial products company’s stock after selling 3,085 shares during the period. New York State Common Retirement Fund owned about 0.34% of Middleby worth $24,760,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Cardinal Capital Management lifted its stake in Middleby by 8.5% during the 4th quarter. Cardinal Capital Management now owns 9,364 shares of the industrial products company’s stock valued at $1,268,000 after acquiring an additional 732 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Middleby by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,651 shares of the industrial products company’s stock valued at $224,000 after acquiring an additional 81 shares in the last quarter. Principal Securities Inc. lifted its stake in Middleby by 16.0% during the 4th quarter. Principal Securities Inc. now owns 566 shares of the industrial products company’s stock valued at $77,000 after acquiring an additional 78 shares in the last quarter. Rhumbline Advisers increased its position in shares of Middleby by 2.2% during the 4th quarter. Rhumbline Advisers now owns 147,109 shares of the industrial products company’s stock valued at $19,926,000 after purchasing an additional 3,212 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Middleby by 111.1% during the 4th quarter. Blue Trust Inc. now owns 4,217 shares of the industrial products company’s stock valued at $571,000 after purchasing an additional 2,219 shares during the last quarter. 98.55% of the stock is currently owned by institutional investors.

Middleby Trading Down 1.7 %

Shares of MIDD opened at $167.07 on Friday. The business has a 50-day moving average of $150.44 and a 200 day moving average of $142.48. The Middleby Co. has a fifty-two week low of $118.41 and a fifty-two week high of $177.90. The firm has a market cap of $8.99 billion, a P/E ratio of 23.04 and a beta of 1.64. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.70 and a current ratio of 2.81.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Canaccord Genuity Group raised their target price on Middleby from $155.00 to $192.00 and gave the company a “buy” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. raised their target price on Middleby from $134.00 to $145.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. StockNews.com lowered Middleby from a “buy” rating to a “hold” rating in a research report on Monday, January 27th. KeyCorp raised their target price on Middleby from $160.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $160.00 target price (down from $170.00) on shares of Middleby in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $178.83.

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.