S&CO Inc. Acquires New Position in The Middleby Corporation $MIDD

S&CO Inc. acquired a new stake in shares of The Middleby Corporation (NASDAQ:MIDD) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 29,100 shares of the industrial products company’s stock, valued at approximately $5,005,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Middleby by 90.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 432 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 205 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Middleby by 6.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,149 shares of the industrial products company’s stock worth $23,884,000 after buying an additional 9,936 shares in the last quarter. Focus Partners Wealth lifted its position in shares of Middleby by 344.7% during the 1st quarter. Focus Partners Wealth now owns 2,228 shares of the industrial products company’s stock worth $339,000 after buying an additional 1,727 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Middleby by 280.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 327 shares of the industrial products company’s stock worth $47,000 after buying an additional 241 shares during the last quarter. Finally, Cresset Asset Management LLC acquired a new stake in Middleby in the second quarter valued at about $202,000. 98.55% of the stock is currently owned by institutional investors.

Middleby Trading Up 0.8%

Shares of MIDD stock opened at $117.91 on Friday. The firm has a market capitalization of $5.33 billion, a P/E ratio of -12.73 and a beta of 1.32. The Middleby Corporation has a twelve month low of $110.82 and a twelve month high of $180.13. The company has a quick ratio of 1.10, a current ratio of 1.99 and a debt-to-equity ratio of 0.88. The stock’s fifty day simple moving average is $146.85 and its 200 day simple moving average is $148.10.

Middleby (NASDAQ:MIDD) last issued its earnings results on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.26. The business had revenue of $875.55 million during the quarter, compared to analysts’ expectations of $836.99 million. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%.The business’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.35 EPS. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. As a group, sell-side analysts predict that The Middleby Corporation will post 6.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Robert W. Baird cut Middleby from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of Middleby in a report on Wednesday, July 29th. Canaccord Genuity Group set a $157.00 price target on shares of Middleby and gave the company a “buy” rating in a research note on Wednesday. Seaport Research Partners set a $145.00 price target on shares of Middleby in a report on Wednesday. Finally, Oppenheimer reiterated an “outperform” rating and set a $160.00 price objective (down from $205.00) on shares of Middleby in a research report on Wednesday. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $160.38.

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.