S&CO Inc. Sells 12,700 Shares of The Middleby Corporation $MIDD

S&CO Inc. decreased its position in The Middleby Corporation (NASDAQ:MIDD) by 30.4% during the 1st quarter, Holdings Channel reports. The firm owned 29,100 shares of the industrial products company’s stock after selling 12,700 shares during the quarter. S&CO Inc.’s holdings in Middleby were worth $3,858,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in Middleby by 49.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,772,249 shares of the industrial products company’s stock valued at $858,161,000 after purchasing an additional 1,902,957 shares during the last quarter. Invesco Ltd. boosted its position in Middleby by 1,046.4% in the third quarter. Invesco Ltd. now owns 1,018,536 shares of the industrial products company’s stock valued at $135,394,000 after buying an additional 929,688 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Middleby by 4,256.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 722,137 shares of the industrial products company’s stock worth $107,361,000 after buying an additional 705,560 shares during the last quarter. Cooke & Bieler LP bought a new stake in Middleby during the fourth quarter worth about $48,113,000. Finally, Marshall Wace LLP increased its holdings in shares of Middleby by 260.0% during the third quarter. Marshall Wace LLP now owns 419,936 shares of the industrial products company’s stock worth $55,822,000 after buying an additional 303,293 shares in the last quarter. Institutional investors and hedge funds own 98.55% of the company’s stock.

Middleby Stock Down 3.7%

NASDAQ:MIDD opened at $133.22 on Friday. The stock’s fifty day moving average price is $154.85 and its two-hundred day moving average price is $151.04. The Middleby Corporation has a 52-week low of $110.82 and a 52-week high of $180.13. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.96. The company has a market cap of $6.02 billion, a price-to-earnings ratio of -15.71 and a beta of 1.33.

Middleby (NASDAQ:MIDD) last released its earnings results on Thursday, May 7th. The industrial products company reported $2.16 EPS for the quarter, beating the consensus estimate of $1.94 by $0.22. The company had revenue of $839.91 million during the quarter, compared to analysts’ expectations of $777.19 million. Middleby had a positive return on equity of 15.94% and a negative net margin of 11.46%.The business’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period last year, the firm earned $2.08 EPS. 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, analysts anticipate that The Middleby Corporation will post 9.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Barclays reiterated an “overweight” rating and issued a $190.00 target price (up from $168.00) on shares of Middleby in a research note on Friday, May 8th. JPMorgan Chase & Co. decreased their price target on Middleby from $185.00 to $151.00 and set a “neutral” rating on the stock in a research report on Monday, July 13th. Canaccord Genuity Group set a $200.00 price target on Middleby in a report on Friday, May 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Middleby in a research report on Friday, May 1st. Finally, Robert W. Baird lowered Middleby from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $178.25.

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.