Impax Asset Management Group plc Lowers Stake in The Middleby Corporation $MIDD

Key Points

• Impax Asset Management cut its stake in The Middleby Corporation by 5.4% in Q4, selling 7,690 shares to hold 133,739 shares worth about $19.88 million (roughly 0.27% of the company).
• Institutional ownership stands at 98.55%, with other funds either boosting or initiating positions—Olstein (+34.2%), Tudor (+45.5%) and Allspring (new ~ $11.98M position) among the notable moves.
• Analysts have a consensus rating of "Moderate Buy" with an average target of $178.57; Middleby beat Q results (EPS $2.42 vs. $2.27 est.) and set FY2026 guidance of 9.20–9.36 EPS, roughly in line with the ~9.23 analyst projection.

Impax Asset Management Group plc cut its stake in The Middleby Corporation (NASDAQ:MIDD - Free Report) by 5.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,739 shares of the industrial products company's stock after selling 7,690 shares during the quarter. Impax Asset Management Group plc owned approximately 0.27% of Middleby worth $19,883,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Olstein Capital Management L.P. lifted its stake in Middleby by 34.2% in the 3rd quarter. Olstein Capital Management L.P. now owns 57,000 shares of the industrial products company's stock valued at $7,577,000 after buying an additional 14,538 shares in the last quarter. Pacific Capital Partners Ltd purchased a new position in Middleby in the 3rd quarter valued at about $2,144,000. Tudor Investment Corp ET AL lifted its stake in Middleby by 45.5% in the 3rd quarter. Tudor Investment Corp ET AL now owns 75,950 shares of the industrial products company's stock valued at $10,096,000 after buying an additional 23,737 shares in the last quarter. Broyhill Asset Management LLC purchased a new position in Middleby in the 3rd quarter valued at about $2,455,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Middleby in the 4th quarter valued at about $11,980,000. 98.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MIDD. Robert W. Baird raised their target price on shares of Middleby from $159.00 to $197.00 and gave the stock an "outperform" rating in a research note on Friday, February 27th. Canaccord Genuity Group set a $187.00 target price on shares of Middleby and gave the stock a "buy" rating in a research note on Tuesday, February 24th. Weiss Ratings reissued a "sell (d)" rating on shares of Middleby in a research note on Monday, December 29th. Jefferies Financial Group restated a "buy" rating and set a $195.00 price target on shares of Middleby in a report on Tuesday, March 31st. Finally, Zacks Research downgraded shares of Middleby from a "strong-buy" rating to a "hold" rating in a report on Monday, January 26th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $178.57.

Middleby Stock Performance

Shares of MIDD stock opened at $141.93 on Friday. The company has a quick ratio of 1.92, a current ratio of 2.57 and a debt-to-equity ratio of 0.77. The Middleby Corporation has a 52 week low of $110.82 and a 52 week high of $169.44. The stock has a market capitalization of $6.62 billion, a PE ratio of -24.77 and a beta of 1.41. The firm has a 50 day moving average of $146.44 and a two-hundred day moving average of $141.36.

Middleby (NASDAQ:MIDD - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The industrial products company reported $2.42 EPS for the quarter, beating the consensus estimate of $2.27 by $0.15. Middleby had a negative net margin of 7.44% and a positive return on equity of 14.57%. The company had revenue of $334.59 million during the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter last year, the company posted $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. On average, research analysts predict that The Middleby Corporation will post 9.23 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.