Intech Investment Management LLC Purchases 3,437 Shares of The Middleby Corporation $MIDD

Intech Investment Management LLC lifted its position in shares of The Middleby Corporation (NASDAQ:MIDD) by 119.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,311 shares of the industrial products company’s stock after acquiring an additional 3,437 shares during the period. Intech Investment Management LLC’s holdings in Middleby were worth $938,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in MIDD. Torren Management LLC bought a new stake in Middleby in the 4th quarter worth approximately $25,000. Clearstead Advisors LLC grew its position in Middleby by 201.8% in the 4th quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 111 shares during the period. Danske Bank A S bought a new stake in Middleby in the 3rd quarter worth approximately $27,000. Larson Financial Group LLC grew its position in Middleby by 1,292.9% in the 4th quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 181 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its position in Middleby by 135.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 245 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 141 shares during the period. Institutional investors own 98.55% of the company’s stock.

Middleby Stock Performance

Shares of MIDD stock opened at $154.93 on Monday. The Middleby Corporation has a 1 year low of $110.82 and a 1 year high of $169.44. The firm has a fifty day moving average price of $144.55 and a 200-day moving average price of $145.75. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.96 and a quick ratio of 1.10. The company has a market cap of $7.00 billion, a price-to-earnings ratio of -18.27 and a beta of 1.36.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings data on Thursday, May 7th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.22. Middleby had a negative net margin of 11.46% and a positive return on equity of 15.94%. The firm had revenue of $839.91 million during the quarter, compared to the consensus estimate of $777.19 million. During the same quarter in the previous year, the firm posted $2.08 EPS. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS. As a group, equities analysts predict that The Middleby Corporation will post 9.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MIDD shares. Robert W. Baird set a $205.00 target price on shares of Middleby in a research report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Middleby in a research report on Friday, May 1st. KeyCorp lifted their target price on shares of Middleby from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Wall Street Zen downgraded shares of Middleby from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Barclays reaffirmed an “overweight” rating and issued a $190.00 target price (up from $168.00) on shares of Middleby in a research report on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $189.71.

Middleby Company Profile

Middleby Corporation is a global manufacturer and distributor of commercial foodservice and food processing equipment. The company designs, engineers and markets a wide range of cooking, baking, refrigeration, warewashing, holding and dispensing solutions. Middleby’s products serve restaurants, hotels, convenience stores, institutional cafeterias, cruise ships and other foodservice operators.

The company’s portfolio spans multiple well-known brands, including Blodgett ovens, TurboChef rapid‐cook ovens, Southbend ranges and broilers, Pitco fryers, and Viking residential and commercial kitchen appliances.