Corient Private Wealth LP Buys 36,248 Shares of The Middleby Corporation $MIDD

Corient Private Wealth LP boosted its position in shares of The Middleby Corporation (NASDAQ:MIDD - Free Report) by 72.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 86,224 shares of the industrial products company's stock after acquiring an additional 36,248 shares during the period. Corient Private Wealth LP owned 0.19% of Middleby worth $14,831,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Root Financial Partners LLC lifted its position in shares of Middleby by 64.2% in the first quarter. Root Financial Partners LLC now owns 261 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 102 shares in the last quarter. Evoke Wealth LLC lifted its holdings in Middleby by 5.8% in the 4th quarter. Evoke Wealth LLC now owns 1,939 shares of the industrial products company's stock worth $288,000 after purchasing an additional 107 shares in the last quarter. Clearstead Advisors LLC boosted its stake in Middleby by 201.8% in the 4th quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company's stock worth $25,000 after purchasing an additional 111 shares during the period. Fifth Third Wealth Advisors LLC boosted its stake in Middleby by 2.6% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 4,841 shares of the industrial products company's stock worth $642,000 after purchasing an additional 124 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Middleby by 13.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,094 shares of the industrial products company's stock valued at $188,000 after buying an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 98.55% of the company's stock.

Analysts Set New Price Targets

MIDD has been the topic of several recent analyst reports. Barclays reiterated an "overweight" rating and set a $145.00 price objective (down from $155.00) on shares of Middleby in a research report on Thursday, August 13th. Canaccord Genuity Group set a $160.00 target price on shares of Middleby and gave the company a "buy" rating in a research note on Tuesday, September 1st. Robert W. Baird downgraded shares of Middleby from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 8th. Oppenheimer reiterated an "outperform" rating and issued a $160.00 price target (down from $205.00) on shares of Middleby in a research note on Wednesday, August 12th. Finally, Seaport Research Partners set a $145.00 target price on Middleby in a research report on Wednesday, August 12th. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $159.50.

Middleby Price Performance

MIDD stock opened at $111.10 on Wednesday. The stock has a market cap of $5.02 billion, a PE ratio of -12.00 and a beta of 1.31. The Middleby Corporation has a 12 month low of $104.24 and a 12 month high of $180.13. The company has a 50-day moving average price of $122.92 and a 200 day moving average price of $140.92. The company has a current ratio of 1.99, a quick ratio of 1.10 and a debt-to-equity ratio of 0.88.

Middleby (NASDAQ:MIDD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share for the quarter, topping analysts' consensus estimates of $2.09 by $0.26. The company had revenue of $875.55 million for the quarter, compared to analyst estimates of $836.99 million. Middleby had a negative net margin of 13.22% and a positive return on equity of 17.44%. The firm's revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.35 EPS. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. Equities research analysts anticipate that The Middleby Corporation will post 6.85 earnings per share for the current year.

About Middleby

Middleby Corporation is a global manufacturer of commercial foodservice, residential kitchen, and food processing equipment. Its products are used by restaurants, hotels, institutional kitchens, food retailers, and food manufacturers around the world.

The company's commercial foodservice portfolio includes cooking, baking, frying, refrigeration, ventilation, beverage, and food preparation equipment. Its residential brands offer cooking appliances, refrigeration, outdoor kitchen products, and related specialty equipment.

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