Corient Private Wealth LP Invests $14.99 Million in The Middleby Corporation $MIDD

Key Points

• Corient Private Wealth LP acquired 87,171 Middleby shares worth approximately $14.99 million, representing about 0.19% of the company. Institutional investors collectively own 98.55% of MIDD.
• Analysts remain mixed, with six Buy, two Hold and two Sell ratings. The average price target is $160.38, although several firms recently reduced their targets.
• Middleby’s shares opened at $112.75, near the company’s 12-month low of $110.82. Its latest quarterly results exceeded expectations, but revenue fell 10.5% year over year to $875.55 million.

Corient Private Wealth LP acquired a new stake in shares of The Middleby Corporation (NASDAQ:MIDD - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 87,171 shares of the industrial products company's stock, valued at approximately $14,994,000. Corient Private Wealth LP owned approximately 0.19% of Middleby as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in MIDD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Middleby by 90.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 432 shares of the industrial products company's stock worth $66,000 after purchasing an additional 205 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Middleby by 6.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,149 shares of the industrial products company's stock worth $23,884,000 after purchasing an additional 9,936 shares in the last quarter. Focus Partners Wealth increased its position in shares of Middleby by 344.7% during the 1st quarter. Focus Partners Wealth now owns 2,228 shares of the industrial products company's stock valued at $339,000 after purchasing an additional 1,727 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings 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 valued at $47,000 after buying an additional 241 shares in the last quarter. Finally, Cresset Asset Management LLC purchased a new position in shares of Middleby during the second quarter worth approximately $202,000. 98.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

MIDD has been the topic of several analyst reports. JPMorgan Chase & Co. decreased their price objective on Middleby from $151.00 to $141.00 and set a "neutral" rating on the stock in a report on Wednesday, August 12th. Weiss Ratings lowered Middleby from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, August 18th. Oppenheimer reaffirmed 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. Barclays reiterated an "overweight" rating and issued a $145.00 price objective (down from $155.00) on shares of Middleby in a research report on Thursday, August 13th. Finally, KeyCorp set a $152.00 price objective on Middleby in a research note on Tuesday, July 14th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $160.38.

Middleby Stock Down 0.8%

Shares of NASDAQ MIDD opened at $112.75 on Friday. The firm has a fifty day simple moving average of $137.12 and a two-hundred day simple moving average of $145.44. The Middleby Corporation has a 12 month low of $110.82 and a 12 month high of $180.13. 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 has a market capitalization of $5.10 billion, a PE ratio of -12.18 and a beta of 1.32.

Middleby (NASDAQ:MIDD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $875.55 million for the quarter, compared to analysts' expectations of $836.99 million. During the same quarter in the previous year, the company earned $2.35 earnings per share. Middleby's quarterly revenue was down 10.5% on a year-over-year basis. 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 analysts expect that The Middleby Corporation will post 6.85 earnings per share for the current 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.

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