The Middleby Corporation $MIDD Stock Holdings Lessened by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lessened its holdings in shares of The Middleby Corporation (NASDAQ:MIDD) by 96.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,797 shares of the industrial products company’s stock after selling 328,589 shares during the period. Epoch Investment Partners Inc.’s holdings in Middleby were worth $1,754,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Barclays PLC raised its position in shares of Middleby by 13.9% during the 4th quarter. Barclays PLC now owns 66,662 shares of the industrial products company’s stock worth $9,911,000 after purchasing an additional 8,124 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Middleby by 132.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 491,468 shares of the industrial products company’s stock worth $73,067,000 after buying an additional 280,170 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Middleby in the fourth quarter valued at $257,000. FORA Capital LLC boosted its holdings in shares of Middleby by 124.8% during the fourth quarter. FORA Capital LLC now owns 11,150 shares of the industrial products company’s stock valued at $1,658,000 after acquiring an additional 6,190 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Middleby by 69.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 59,402 shares of the industrial products company’s stock worth $8,888,000 after acquiring an additional 24,278 shares during the last quarter. Institutional investors own 98.55% of the company’s stock.

Analyst Ratings Changes

MIDD has been the subject of several recent analyst reports. Canaccord Genuity Group set a $200.00 target price on shares of Middleby in a research report on Friday, May 8th. JPMorgan Chase & Co. raised their price objective on shares of Middleby from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Barclays restated an “overweight” rating and issued a $190.00 price objective (up from $168.00) on shares of Middleby in a report on Friday, May 8th. Jefferies Financial Group reaffirmed a “buy” rating and set a $195.00 target price on shares of Middleby in a research note on Tuesday, March 31st. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Middleby in a research report on Friday, May 1st. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $189.71.

Middleby Price Performance

MIDD stock opened at $163.52 on Tuesday. The Middleby Corporation has a one year low of $110.82 and a one year high of $169.44. The firm has a 50-day moving average of $147.86 and a two-hundred day moving average of $147.61. The firm has a market capitalization of $7.39 billion, a PE ratio of -19.28 and a beta of 1.36. The company has a current ratio of 1.96, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings results on Thursday, May 7th. The industrial products company reported $2.16 EPS for the quarter, beating the consensus estimate 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 business had revenue of $839.91 million during the quarter, compared to the consensus estimate of $777.19 million. During the same quarter in the prior year, the firm earned $2.08 EPS. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS. On average, analysts forecast that The Middleby Corporation will post 9.56 earnings per share for the current year.

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.