16,949 Shares of The Middleby Corporation $MIDD Bought by Pullen Investment Management LLC

Key Points

• Pullen Investment Management acquired 16,949 shares of Middleby, valued at approximately $1.76 million, during the third quarter. Institutional investors collectively own 98.55% of the company.
• Analyst sentiment remains generally positive, with six Buy ratings, two Holds and one Sell; Middleby has a consensus rating of Moderate Buy and an average price target of $159.25.
• Middleby’s latest quarter exceeded expectations, reporting $2.35 in earnings per share and $875.55 million in revenue, although revenue declined 10.5% year over year and the company posted a negative net margin.

Pullen Investment Management LLC purchased a new position in shares of The Middleby Corporation (NASDAQ:MIDD - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,949 shares of the industrial products company's stock, valued at approximately $1,756,000.

Several other institutional investors also recently modified their holdings of the business. Citizens Financial Group Inc. RI purchased a new position in Middleby in the third quarter worth $273,000. Inspire Investing LLC boosted its holdings in shares of Middleby by 113.8% in the 3rd quarter. Inspire Investing LLC now owns 6,082 shares of the industrial products company's stock worth $630,000 after buying an additional 3,237 shares during the last quarter. Root Financial Partners LLC bought a new position in Middleby during the third quarter valued at about $54,000. Cardinal Capital Management increased its holdings in Middleby by 11.0% during the third quarter. Cardinal Capital Management now owns 12,935 shares of the industrial products company's stock worth $1,340,000 after buying an additional 1,283 shares during the last quarter. Finally, Skylands Capital LLC purchased a new stake in Middleby during the third quarter worth about $1,797,000. 98.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

MIDD has been the topic of a number of research analyst reports. Robert W. Baird cut shares of Middleby from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 8th. Wall Street Zen lowered shares of Middleby from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Zacks Research raised shares of Middleby from a "strong sell" rating to a "hold" rating in a report on Monday, October 12th. Barclays reiterated an "overweight" rating and issued a $145.00 price objective (down from $155.00) on shares of Middleby in a research note on Thursday, August 13th. Finally, KeyCorp set a $152.00 price objective on Middleby in a report on Tuesday, July 14th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Middleby currently has a consensus rating of "Moderate Buy" and an average price target of $159.25.

Middleby Stock Performance

Shares of MIDD stock opened at $113.05 on Monday. The stock has a market capitalization of $5.11 billion, a P/E ratio of -12.21 and a beta of 1.32. The company has a current ratio of 1.99, a quick ratio of 1.10 and a debt-to-equity ratio of 0.88. The firm's 50 day moving average is $109.75 and its 200 day moving average is $133.83. The Middleby Corporation has a 12 month low of $102.14 and a 12 month high of $180.13.

Middleby (NASDAQ:MIDD - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share for the quarter, beating analysts' consensus estimates of $2.09 by $0.26. Middleby had a negative net margin of 13.22% and a positive return on equity of 17.44%. The business had revenue of $875.55 million during the quarter, compared to analyst estimates of $836.99 million. During the same period in the previous year, the business earned $2.35 EPS. Middleby's revenue 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 6.82 earnings per share for the current year.

Middleby Company Profile

The Middleby Corporation NASDAQ: MIDD designs, manufactures and sells commercial, residential and food processing equipment. Its commercial foodservice products include conveyor, deck, combi and convection ovens; ranges, fryers, steam-cooking equipment, refrigeration systems, ventilation products and kitchen automation technologies. These products are used by restaurants, hotels, institutional kitchens, convenience stores, supermarkets and other foodservice operators.

Middleby also offers equipment and appliances for residential kitchens, including cooking products, refrigeration, ventilation and outdoor cooking systems.

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