Natixis Advisors LLC Has $21.48 Million Stock Holdings in The Middleby Corporation $MIDD

Natixis Advisors LLC boosted its holdings in shares of The Middleby Corporation (NASDAQ:MIDD) by 11.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 144,495 shares of the industrial products company’s stock after acquiring an additional 14,535 shares during the period. Natixis Advisors LLC owned 0.29% of Middleby worth $21,482,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Turtle Creek Asset Management Inc. grew its holdings in 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 worth $194,318,000 after acquiring an additional 59,050 shares during the period. Dimensional Fund Advisors LP grew its holdings in Middleby by 9.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,427,424 shares of the industrial products company’s stock worth $189,749,000 after acquiring an additional 123,945 shares during the period. Earnest Partners LLC grew its holdings in Middleby by 0.7% during the 3rd quarter. Earnest Partners LLC now owns 1,329,439 shares of the industrial products company’s stock worth $176,722,000 after acquiring an additional 9,524 shares during the period. Invesco Ltd. grew its holdings in Middleby by 1,046.4% during the 3rd quarter. Invesco Ltd. now owns 1,018,536 shares of the industrial products company’s stock worth $135,394,000 after acquiring an additional 929,688 shares during the period. Finally, Sei Investments Co. grew its holdings in Middleby by 2.5% during the 3rd quarter. Sei Investments Co. now owns 697,865 shares of the industrial products company’s stock worth $92,767,000 after acquiring an additional 17,177 shares during the period. Institutional investors and hedge funds own 98.55% of the company’s stock.

Middleby Price Performance

Shares of MIDD stock opened at $154.93 on Friday. The Middleby Corporation has a 12-month low of $110.82 and a 12-month high of $169.44. The firm has a market capitalization of $7.00 billion, a price-to-earnings ratio of -18.27 and a beta of 1.36. The company has a quick ratio of 1.10, a current ratio of 1.96 and a debt-to-equity ratio of 0.77. The firm has a fifty day moving average of $144.55 and a 200-day moving average of $145.53.

Middleby (NASDAQ:MIDD) last announced its 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 negative net margin of 11.46% and a positive return on equity of 15.94%. The firm had revenue of $839.91 million during the quarter, compared to analyst estimates of $777.19 million. During the same period in the prior year, the business earned $2.08 EPS. The company’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. On average, equities research analysts forecast that The Middleby Corporation will post 9.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Barclays reissued an “overweight” rating and issued a $190.00 price target (up from $168.00) on shares of Middleby in a report on Friday, May 8th. Robert W. Baird set a $205.00 price target on shares of Middleby in a report on Friday, May 8th. Canaccord Genuity Group set a $200.00 price target on shares of Middleby in a report on Friday, May 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of Middleby in a report on Friday, May 1st. Finally, KeyCorp boosted 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 stock. According to MarketBeat.com, Middleby currently has a consensus rating of “Moderate Buy” and an average price target of $189.71.

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.