Clarkston Capital Partners LLC Acquires 139,637 Shares of The Middleby Corporation $MIDD

Clarkston Capital Partners LLC increased its position in shares of The Middleby Corporation (NASDAQ:MIDD) by 21.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 788,809 shares of the industrial products company’s stock after buying an additional 139,637 shares during the quarter. Middleby comprises 2.7% of Clarkston Capital Partners LLC’s investment portfolio, making the stock its 9th biggest holding. Clarkston Capital Partners LLC owned about 1.57% of Middleby worth $117,272,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MIDD. Federation des caisses Desjardins du Quebec boosted its stake in shares of Middleby by 2.2% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,317 shares of the industrial products company’s stock valued at $642,000 after buying an additional 91 shares in the last quarter. Cresset Asset Management LLC boosted its stake in shares of Middleby by 7.6% in the third quarter. Cresset Asset Management LLC now owns 1,509 shares of the industrial products company’s stock valued at $201,000 after buying an additional 107 shares in the last quarter. Evoke Wealth LLC boosted its stake in shares of Middleby by 5.8% in the fourth quarter. Evoke Wealth LLC now owns 1,939 shares of the industrial products company’s stock valued at $288,000 after buying an additional 107 shares in the last quarter. Clearstead Advisors LLC boosted its stake in shares of Middleby by 201.8% in the fourth quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock valued at $25,000 after buying an additional 111 shares in the last quarter. Finally, Syon Capital LLC raised its holdings in Middleby by 5.3% during the third quarter. Syon Capital LLC now owns 2,386 shares of the industrial products company’s stock worth $317,000 after purchasing an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 98.55% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on MIDD. Barclays reaffirmed an “overweight” rating and set a $190.00 price objective (up from $168.00) on shares of Middleby in a report on Friday, May 8th. Wall Street Zen cut Middleby from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. KeyCorp lifted their price objective on Middleby from $175.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. 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, Canaccord Genuity Group set a $200.00 price objective on Middleby in a report on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $189.71.

Middleby Stock Performance

NASDAQ MIDD opened at $158.50 on Friday. The Middleby Corporation has a fifty-two week low of $110.82 and a fifty-two week high of $169.44. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of -18.69 and a beta of 1.36. The business has a fifty day moving average of $147.23 and a 200-day moving average of $147.06. 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 released its quarterly earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $839.91 million during the quarter, compared to analysts’ expectations of $777.19 million. During the same period in the previous year, the firm posted $2.08 earnings per share. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS. As a group, analysts predict that The Middleby Corporation will post 9.56 earnings per share for the current fiscal year.

About Middleby

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.