The Middleby Corporation $MIDD Stock Holdings Raised by Cooke & Bieler LP

Cooke & Bieler LP grew its position in The Middleby Corporation (NASDAQ:MIDD) by 47.6% during the third quarter, Holdings Channel reports. The institutional investor owned 932,553 shares of the industrial products company’s stock after acquiring an additional 300,557 shares during the quarter. Middleby comprises 1.4% of Cooke & Bieler LP’s investment portfolio, making the stock its 26th largest holding. Cooke & Bieler LP’s holdings in Middleby were worth $96,594,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC raised its stake in Middleby by 64.2% in the first quarter. Root Financial Partners LLC now owns 261 shares of the industrial products company’s stock valued at $35,000 after buying an additional 102 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Middleby by 2.6% during the first quarter. Fifth Third Wealth Advisors LLC now owns 4,841 shares of the industrial products company’s stock worth $642,000 after purchasing an additional 124 shares during the period. GAMMA Investing LLC boosted its position in Middleby by 13.8% in the second quarter. GAMMA Investing LLC now owns 1,094 shares of the industrial products company’s stock valued at $188,000 after buying an additional 133 shares during the last quarter. Elevation Wealth Partners LLC lifted its position in Middleby by 553.8% during the second quarter. Elevation Wealth Partners LLC now owns 170 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 144 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Middleby during the 2nd quarter valued at about $27,000. Hedge funds and other institutional investors own 98.55% of the company’s stock.

Analyst Upgrades and Downgrades

MIDD has been the topic of a number of recent analyst reports. Jefferies Financial Group lowered their price target on shares of Middleby from $200.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Weiss Ratings downgraded shares of Middleby from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 18th. Royal Bank Of Canada set a $147.00 price target on shares of Middleby in a research report on Tuesday, September 15th. Zacks Research raised Middleby from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. Finally, KeyCorp set a $152.00 target price on shares of Middleby in a research note on Tuesday, July 14th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.25.

Middleby Price Performance

MIDD stock opened at $111.07 on Thursday. The business’s fifty day moving average price is $109.94 and its 200 day moving average price is $134.12. The Middleby Corporation has a 12-month low of $102.14 and a 12-month high of $180.13. The company has a market capitalization of $5.02 billion, a PE ratio of -11.99 and a beta of 1.32. The company has a current ratio of 1.99, a quick ratio of 1.10 and a debt-to-equity ratio of 0.88.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings data on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.26. The firm had revenue of $875.55 million during the quarter, compared to analysts’ expectations of $836.99 million. Middleby had a negative net margin of 13.22% and a positive return on equity of 17.44%. The business’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.35 earnings per share. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. On average, sell-side analysts anticipate that The Middleby Corporation will post 6.82 EPS for the current year.

Middleby Company Profile

The Middleby Corporation (NASDAQ: MIDD) designs, manufactures and sells commercial, residential and food processing equipment. Its commercial foodservice products include conveyor, deck, combi and convection ovens; ranges, fryers, steam-cooking equipment, refrigeration systems, ventilation products and kitchen automation technologies. These products are used by restaurants, hotels, institutional kitchens, convenience stores, supermarkets and other foodservice operators.

Middleby also offers equipment and appliances for residential kitchens, including cooking products, refrigeration, ventilation and outdoor cooking systems.