OMERS ADMINISTRATION Corp Buys Shares of 8,000 The Middleby Corporation $MIDD

OMERS ADMINISTRATION Corp acquired a new stake in The Middleby Corporation (NASDAQ:MIDD) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,000 shares of the industrial products company’s stock, valued at approximately $1,376,000.

Other hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company increased its position in shares of Middleby by 14.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 67,926 shares of the industrial products company’s stock valued at $9,006,000 after buying an additional 8,524 shares in the last quarter. Hsbc Holdings PLC bought a new position in Middleby during the fourth quarter worth about $2,464,000. Sei Investments Co. grew its stake in Middleby by 6.5% in the first quarter. Sei Investments Co. now owns 803,383 shares of the industrial products company’s stock valued at $106,514,000 after acquiring an additional 49,228 shares during the period. Fifth Third Bancorp grew its stake in Middleby by 272.0% in the first quarter. Fifth Third Bancorp now owns 32,441 shares of the industrial products company’s stock valued at $4,301,000 after acquiring an additional 23,721 shares during the period. Finally, Pictet Asset Management Holding SA increased its holdings in shares of Middleby by 237.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 24,980 shares of the industrial products company’s stock worth $3,714,000 after acquiring an additional 17,586 shares in the last quarter. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MIDD has been the topic of a number of research analyst reports. Seaport Research Partners set a $145.00 price target on Middleby in a research report on Wednesday, August 12th. KeyCorp set a $152.00 price objective on Middleby in a research report on Tuesday, July 14th. Robert W. Baird cut Middleby from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. dropped their target price on shares of Middleby from $151.00 to $141.00 and set a “neutral” rating on the stock in a report on Wednesday, August 12th. Finally, Wall Street Zen cut shares of Middleby from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $160.38.

Middleby Stock Up 1.3%

MIDD stock opened at $115.44 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.99 and a quick ratio of 1.10. The stock has a market capitalization of $5.22 billion, a P/E ratio of -12.47 and a beta of 1.32. The Middleby Corporation has a fifty-two week low of $110.82 and a fifty-two week high of $180.13. The business has a 50-day moving average of $139.48 and a 200-day moving average of $146.01.

Middleby (NASDAQ:MIDD) last announced its earnings results on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.26. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%.The business had revenue of $875.55 million for the quarter, compared to analyst estimates of $836.99 million. During the same quarter last year, the firm earned $2.35 EPS. Middleby’s revenue for the quarter was down 10.5% compared to the same quarter last year. 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 6.85 earnings per share for the current fiscal 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.