4,015 Shares in The Middleby Corporation $MIDD Purchased by State of Wyoming

State of Wyoming purchased a new position in The Middleby Corporation (NASDAQ:MIDD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,015 shares of the industrial products company’s stock, valued at approximately $597,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Turtle Creek Asset Management Inc. boosted its holdings in shares of Middleby by 4.2% in the 3rd quarter. Turtle Creek Asset Management Inc. now owns 1,461,810 shares of the industrial products company’s stock worth $194,318,000 after buying an additional 59,050 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Middleby by 9.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,427,424 shares of the industrial products company’s stock worth $189,749,000 after buying an additional 123,945 shares during the last quarter. Earnest Partners LLC boosted its holdings in shares of Middleby by 0.7% in the 3rd quarter. Earnest Partners LLC now owns 1,329,439 shares of the industrial products company’s stock worth $176,722,000 after buying an additional 9,524 shares during the last quarter. Invesco Ltd. lifted its holdings in Middleby by 1,046.4% during the third quarter. Invesco Ltd. now owns 1,018,536 shares of the industrial products company’s stock valued at $135,394,000 after purchasing an additional 929,688 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in Middleby by 2.5% during the third quarter. Sei Investments Co. now owns 697,865 shares of the industrial products company’s stock valued at $92,767,000 after purchasing an additional 17,177 shares during the last quarter. 98.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MIDD has been the topic of several recent research reports. Robert W. Baird set a $205.00 price objective on shares of Middleby in a report on Friday, May 8th. KeyCorp upped their price objective on shares of Middleby from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Wall Street Zen downgraded shares of Middleby from a “buy” rating to a “hold” rating in a report on Saturday. Jefferies Financial Group reaffirmed a “buy” rating and set a $195.00 price objective on shares of Middleby in a report on Tuesday, March 31st. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Middleby in a report on Friday, May 1st. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Middleby has a consensus rating of “Moderate Buy” and a consensus price target of $189.71.

Middleby Trading Down 0.5%

Shares of MIDD opened at $154.93 on Friday. The business’s 50-day moving average price is $144.55 and its 200-day moving average price is $145.53. 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 $7.00 billion, a PE ratio of -18.27 and a beta of 1.36. The company has a quick ratio of 1.10, a current ratio of 1.96 and a debt-to-equity ratio of 0.77.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.22. Middleby had a positive return on equity of 15.94% and a negative net margin of 11.46%.The firm had revenue of $839.91 million for the quarter, compared to analysts’ expectations of $777.19 million. During the same period in the prior year, the business posted $2.08 earnings per share. The company’s 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, equities analysts forecast that The Middleby Corporation will post 9.56 EPS for the current fiscal year.

Middleby 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.