M&T Bank Corp Makes New $15.09 Million Investment in The Middleby Corporation $MIDD

M&T Bank Corp bought a new position in The Middleby Corporation (NASDAQ:MIDD) in the fourth quarter, HoldingsChannel reports. The fund bought 104,383 shares of the industrial products company’s stock, valued at approximately $15,085,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MIDD. Danske Bank A S purchased a new stake in Middleby in the 3rd quarter worth approximately $27,000. TFC Financial Management Inc. lifted its position in Middleby by 23,000.0% in the 3rd quarter. TFC Financial Management Inc. now owns 231 shares of the industrial products company’s stock worth $31,000 after buying an additional 230 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in Middleby by 135.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 245 shares of the industrial products company’s stock worth $33,000 after buying an additional 141 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Middleby in the 3rd quarter worth approximately $46,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Middleby by 280.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 327 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 98.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price target on Middleby from $180.00 to $150.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Middleby in a research note on Monday, December 29th. Zacks Research downgraded Middleby from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th. Robert W. Baird raised their price target on Middleby from $159.00 to $197.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Finally, KeyCorp raised their price target on shares of Middleby from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.57.

Middleby Stock Up 0.5%

Shares of MIDD stock opened at $145.38 on Friday. The stock’s 50 day simple moving average is $146.88 and its 200 day simple moving average is $141.35. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.92 and a current ratio of 2.57. The Middleby Corporation has a twelve month low of $110.82 and a twelve month high of $169.44. The company has a market capitalization of $6.78 billion, a price-to-earnings ratio of -25.37 and a beta of 1.41.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings data on Thursday, February 26th. The industrial products company reported $2.42 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.15. Middleby had a positive return on equity of 14.57% and a negative net margin of 7.44%.The business had revenue of $334.59 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the business earned $2.88 EPS. The firm’s revenue was up 4.5% compared to the same quarter last year. Middleby has set its FY 2026 guidance at 9.200-9.360 EPS and its Q1 2026 guidance at 1.900-2.020 EPS. As a group, research analysts predict that The Middleby Corporation will post 9.23 EPS for the current year.

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.