Rhumbline Advisers Purchases 3,212 Shares of The Middleby Co. (NASDAQ:MIDD)

Rhumbline Advisers increased its position in shares of The Middleby Co. (NASDAQ:MIDD) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,109 shares of the industrial products company’s stock after purchasing an additional 3,212 shares during the period. Rhumbline Advisers owned 0.27% of Middleby worth $19,926,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. increased its holdings in Middleby by 4,494.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,266,327 shares of the industrial products company’s stock valued at $171,524,000 after acquiring an additional 1,238,767 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Middleby by 17.7% in the 3rd quarter. Pacer Advisors Inc. now owns 1,138,999 shares of the industrial products company’s stock valued at $158,469,000 after acquiring an additional 171,634 shares during the last quarter. Geode Capital Management LLC increased its holdings in Middleby by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 936,596 shares of the industrial products company’s stock valued at $130,341,000 after acquiring an additional 8,926 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Middleby by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 344,391 shares of the industrial products company’s stock valued at $47,915,000 after acquiring an additional 2,676 shares during the last quarter. Finally, New York State Common Retirement Fund increased its holdings in Middleby by 275.2% in the 3rd quarter. New York State Common Retirement Fund now owns 185,885 shares of the industrial products company’s stock valued at $25,862,000 after acquiring an additional 136,345 shares during the last quarter. 98.55% of the stock is currently owned by institutional investors.

Middleby Price Performance

MIDD stock opened at $169.92 on Friday. The Middleby Co. has a 12 month low of $118.41 and a 12 month high of $177.90. The company has a current ratio of 2.81, a quick ratio of 1.70 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average price of $149.87 and a 200 day moving average price of $142.28. The stock has a market cap of $9.14 billion, a PE ratio of 23.44 and a beta of 1.64.

Analyst Ratings Changes

A number of brokerages have issued reports on MIDD. KeyCorp lifted their price target on shares of Middleby from $160.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, January 27th. StockNews.com downgraded shares of Middleby from a “buy” rating to a “hold” rating in a report on Monday, January 27th. Jefferies Financial Group restated a “hold” rating and issued a $160.00 target price (down from $170.00) on shares of Middleby in a report on Thursday, December 12th. JPMorgan Chase & Co. boosted their target price on shares of Middleby from $134.00 to $145.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. Finally, 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 report on Monday, January 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $178.83.

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.