Dixon Mitchell Investment Counsel Inc. Has $19.86 Million Holdings in The Middleby Corporation $MIDD

Dixon Mitchell Investment Counsel Inc. lessened its holdings in The Middleby Corporation (NASDAQ:MIDD) by 16.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,305 shares of the industrial products company’s stock after selling 29,115 shares during the quarter. Dixon Mitchell Investment Counsel Inc. owned 0.30% of Middleby worth $19,864,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Middleby in the 2nd quarter valued at $30,000. Allworth Financial LP boosted its stake in shares of Middleby by 168.8% during the 2nd quarter. Allworth Financial LP now owns 207 shares of the industrial products company’s stock worth $30,000 after buying an additional 130 shares during the last quarter. TFC Financial Management Inc. grew its holdings in shares of Middleby by 23,000.0% in the 3rd quarter. TFC Financial Management Inc. now owns 231 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 230 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Middleby by 280.2% in the second quarter. EverSource Wealth Advisors LLC now owns 327 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 241 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Middleby in the third quarter valued at about $46,000. Institutional investors and hedge funds own 98.55% of the company’s stock.

Middleby Stock Down 0.6%

Middleby stock opened at $149.88 on Tuesday. The Middleby Corporation has a twelve month low of $110.82 and a twelve month high of $169.44. The stock has a market cap of $7.07 billion, a P/E ratio of -26.16 and a beta of 1.36. The company’s 50-day moving average price is $155.74 and its two-hundred day moving average price is $140.66. The company has a quick ratio of 1.92, a current ratio of 2.57 and a debt-to-equity ratio of 0.77.

Middleby (NASDAQ:MIDD) last posted its earnings results on Thursday, February 26th. The industrial products company reported $2.14 EPS for the quarter, missing the consensus estimate of $2.27 by ($0.13). The firm had revenue of $334.59 million during the quarter, compared to analyst estimates of $1.01 billion. Middleby had a negative net margin of 7.44% and a positive return on equity of 14.57%. Middleby’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.88 EPS. Middleby has set its FY 2026 guidance at 9.200-9.360 EPS and its Q1 2026 guidance at 1.900-2.020 EPS. As a group, analysts expect that The Middleby Corporation will post 9.11 EPS for the current year.

Analyst Upgrades and Downgrades

MIDD has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Middleby in a research report on Monday, December 29th. Wall Street Zen lowered Middleby from a “buy” rating to a “hold” rating in a research report on Saturday. Robert W. Baird upped their price objective on Middleby from $159.00 to $197.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. KeyCorp increased their price objective on Middleby from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Finally, Zacks Research downgraded shares of Middleby from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Middleby has a consensus rating of “Moderate Buy” and a consensus target price of $174.17.

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.