Cardinal Capital Management Has $1.27 Million Holdings in The Middleby Co. (NASDAQ:MIDD)

Cardinal Capital Management grew its holdings in shares of The Middleby Co. (NASDAQ:MIDD) by 8.5% in the 4th quarter, Holdings Channel reports. The fund owned 9,364 shares of the industrial products company’s stock after buying an additional 732 shares during the period. Cardinal Capital Management’s holdings in Middleby were worth $1,268,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Covestor Ltd increased its position in Middleby by 306.5% during the 3rd quarter. Covestor Ltd now owns 252 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 190 shares in the last quarter. Avior Wealth Management LLC increased its holdings in shares of Middleby by 820.0% during the third quarter. Avior Wealth Management LLC now owns 322 shares of the industrial products company’s stock worth $45,000 after buying an additional 287 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Middleby by 41.1% in the 4th quarter. UMB Bank n.a. now owns 398 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 116 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Middleby during the 3rd quarter valued at $72,000. Finally, Principal Securities Inc. grew its position in Middleby by 16.0% during the 4th quarter. Principal Securities Inc. now owns 566 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 78 shares during the last quarter. Institutional investors own 98.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MIDD shares. JPMorgan Chase & Co. increased 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. Jefferies Financial Group reiterated a “hold” rating and issued a $160.00 price objective (down previously from $170.00) on shares of Middleby in a report on Thursday, December 12th. StockNews.com lowered shares of Middleby from a “buy” rating to a “hold” rating in a report on Monday, January 27th. KeyCorp upped their price target on shares of Middleby from $160.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Finally, Robert W. Baird lifted their price target on shares of Middleby from $157.00 to $227.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Middleby presently has an average rating of “Hold” and a consensus price target of $178.83.

Middleby Stock Up 0.8 %

Middleby stock opened at $168.33 on Tuesday. The firm has a market cap of $9.05 billion, a price-to-earnings ratio of 23.22 and a beta of 1.64. The Middleby Co. has a 52-week low of $118.41 and a 52-week high of $177.90. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.70 and a current ratio of 2.81. The firm has a 50 day moving average price of $148.24 and a two-hundred day moving average price of $141.67.

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.