WINTON GROUP Ltd Buys Shares of 37,938 The Middleby Corporation $MIDD

WINTON GROUP Ltd acquired a new position in shares of The Middleby Corporation (NASDAQ:MIDD) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 37,938 shares of the industrial products company’s stock, valued at approximately $5,463,000. WINTON GROUP Ltd owned approximately 0.07% of Middleby at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Burgundy Asset Management Ltd. increased its stake in shares of Middleby by 5.0% in the first quarter. Burgundy Asset Management Ltd. now owns 1,604 shares of the industrial products company’s stock valued at $244,000 after buying an additional 77 shares during the period. Signaturefd LLC increased its position in Middleby by 23.7% in the 2nd quarter. Signaturefd LLC now owns 418 shares of the industrial products company’s stock valued at $60,000 after acquiring an additional 80 shares during the period. KLP Kapitalforvaltning AS raised its stake in shares of Middleby by 0.9% during the second quarter. KLP Kapitalforvaltning AS now owns 11,000 shares of the industrial products company’s stock valued at $1,584,000 after acquiring an additional 100 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Middleby by 16.3% during the second quarter. UMB Bank n.a. now owns 742 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 104 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Middleby by 13.0% in the second quarter. GAMMA Investing LLC now owns 1,018 shares of the industrial products company’s stock worth $147,000 after purchasing an additional 117 shares during the last quarter. 98.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MIDD has been the subject of a number of recent analyst reports. Wolfe Research set a $163.00 target price on shares of Middleby and gave the company an “outperform” rating in a research report on Thursday, September 4th. Zacks Research raised Middleby from a “strong sell” rating to a “hold” rating in a research note on Monday, October 27th. JPMorgan Chase & Co. raised Middleby from an “underweight” rating to a “neutral” rating and decreased their target price for the stock from $140.00 to $125.00 in a research note on Friday, November 7th. KeyCorp reiterated an “overweight” rating on shares of Middleby in a report on Friday. Finally, Barclays set a $168.00 price target on Middleby and gave the stock an “overweight” rating in a report on Tuesday, November 11th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Middleby presently has a consensus rating of “Hold” and a consensus price target of $161.14.

Middleby Price Performance

Shares of NASDAQ:MIDD opened at $126.27 on Monday. The Middleby Corporation has a twelve month low of $110.82 and a twelve month high of $182.73. The stock’s 50 day moving average is $126.09 and its 200-day moving average is $135.78. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $6.36 billion, a price-to-earnings ratio of -28.70 and a beta of 1.39.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings results on Thursday, November 6th. The industrial products company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.34. Middleby had a negative net margin of 5.22% and a positive return on equity of 14.66%. The business had revenue of $982.13 million during the quarter, compared to analyst estimates of $961.21 million. During the same quarter in the previous year, the business posted $2.33 EPS. Middleby’s quarterly revenue was up 4.2% on a year-over-year basis. Middleby has set its FY 2025 guidance at 8.990-9.140 EPS and its Q4 2025 guidance at 2.190-2.340 EPS. Sell-side analysts forecast that The Middleby Corporation will post 9.11 EPS for the current fiscal year.

Middleby Profile

The Middleby Corporation designs, markets, manufactures, distributes, and services foodservice, food processing, and residential kitchen equipment worldwide. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispensers, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing.