New York State Teachers Retirement System Has $7.18 Million Stock Position in The Middleby Co. (NASDAQ:MIDD)

New York State Teachers Retirement System lowered its stake in shares of The Middleby Co. (NASDAQ:MIDD) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,018 shares of the industrial products company’s stock after selling 200 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of Middleby worth $7,181,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Covestor Ltd increased its position in shares of Middleby by 306.5% during the third quarter. Covestor Ltd now owns 252 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 190 shares in the last quarter. Avior Wealth Management LLC grew its position in Middleby by 820.0% in the 3rd quarter. Avior Wealth Management LLC now owns 322 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 287 shares in the last quarter. UMB Bank n.a. grew its position in Middleby by 41.1% in the 4th quarter. UMB Bank n.a. now owns 398 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 116 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Middleby in the 3rd quarter worth about $72,000. Finally, GAMMA Investing LLC grew its position in Middleby by 27.2% in the 4th quarter. GAMMA Investing LLC now owns 622 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 133 shares in the last quarter. Institutional investors and hedge funds own 98.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MIDD. KeyCorp upped their price objective on shares of Middleby from $160.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. StockNews.com cut shares of Middleby from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. Robert W. Baird boosted their target price on shares of Middleby from $157.00 to $227.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Jefferies Financial Group reiterated a “hold” rating and issued a $160.00 target price (down from $170.00) on shares of Middleby in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. upped their price target on shares of Middleby from $134.00 to $145.00 and gave the company an “underweight” rating in a research note on Monday, February 3rd. One 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 stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $178.83.

Middleby Stock Performance

NASDAQ MIDD opened at $169.99 on Thursday. The company’s 50 day simple moving average is $149.29 and its two-hundred day simple moving average is $142.08. The stock has a market capitalization of $9.14 billion, a PE ratio of 23.45 and a beta of 1.64. The Middleby Co. has a 1 year low of $118.41 and a 1 year high of $177.90. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.81 and a quick ratio of 1.70.

Middleby 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.