The Middleby Corporation $MIDD is Clarkston Capital Partners LLC’s 9th Largest Position

Clarkston Capital Partners LLC trimmed its position in shares of The Middleby Corporation (NASDAQ:MIDD) by 63.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 289,516 shares of the industrial products company’s stock after selling 499,293 shares during the period. Middleby accounts for approximately 2.9% of Clarkston Capital Partners LLC’s investment portfolio, making the stock its 9th biggest holding. Clarkston Capital Partners LLC’s holdings in Middleby were worth $38,384,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MIDD. Price T Rowe Associates Inc. MD raised its position in Middleby by 49.2% during the fourth 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 acquiring an additional 1,902,957 shares in the last quarter. Garden Investment Management L.P. grew its position in Middleby by 3.1% in the fourth quarter. Garden Investment Management L.P. now owns 3,379,737 shares of the industrial products company’s stock worth $502,466,000 after acquiring an additional 102,903 shares in the last quarter. JPMorgan Chase & Co. grew its position in Middleby by 3.6% in the fourth quarter. JPMorgan Chase & Co. now owns 2,153,171 shares of the industrial products company’s stock worth $320,112,000 after acquiring an additional 75,047 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Middleby by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,486,120 shares of the industrial products company’s stock worth $220,950,000 after purchasing an additional 58,696 shares during the last quarter. Finally, Turtle Creek Asset Management Inc. raised its holdings in shares of Middleby by 4.2% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 1,461,810 shares of the industrial products company’s stock valued at $194,318,000 after purchasing an additional 59,050 shares in the last quarter. Institutional investors and hedge funds own 98.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MIDD shares. Jefferies Financial Group reduced their price objective on shares of Middleby from $200.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Canaccord Genuity Group set a $200.00 target price on Middleby in a report on Friday, May 8th. JPMorgan Chase & Co. cut their target price on Middleby from $185.00 to $151.00 and set a “neutral” rating on the stock in a report on Monday, July 13th. Wall Street Zen upgraded Middleby from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Robert W. Baird lowered Middleby from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Six research 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.88.

Middleby Stock Up 0.1%

NASDAQ MIDD opened at $131.14 on Friday. 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 firm has a 50-day simple moving average of $153.27 and a 200 day simple moving average of $150.50. The Middleby Corporation has a twelve month low of $110.82 and a twelve month high of $180.13. The stock has a market cap of $5.93 billion, a PE ratio of -15.46 and a beta of 1.33.

Middleby (NASDAQ:MIDD) last released its quarterly earnings data on Thursday, May 7th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.22. The business had revenue of $839.91 million for 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%.Middleby’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.08 earnings per share. 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, research analysts forecast that The Middleby Corporation will post 9.54 EPS for the current year.

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.