New York State Teachers Retirement System Sells 10,933 Shares of The Middleby Corporation $MIDD

Key Points

• New York State Teachers Retirement System sold 10,933 shares of The Middleby Corporation, trimming its stake by 18.3% to 48,718 shares valued at about $7.24 million (roughly 0.10% of the company).
• Middleby beat Quarterly EPS expectations ($2.42 vs. $2.27) while reporting revenue of $334.6 million (up 4.5% YoY but below consensus), and issued FY2026 guidance of 9.20–9.36 EPS (Q1 guidance 1.90–2.02).
• Institutional investors own 98.55% of the stock and analyst views are mixed—average rating "Moderate Buy" with a $178.57 target, while some firms (e.g., JPMorgan) have cut targets and downgraded to neutral/hold.

New York State Teachers Retirement System lessened its stake in shares of The Middleby Corporation (NASDAQ:MIDD - Free Report) by 18.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,718 shares of the industrial products company's stock after selling 10,933 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of Middleby worth $7,243,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Torren Management LLC bought a new stake in shares of Middleby in the 4th quarter worth $25,000. Danske Bank A S bought a new stake in shares of Middleby in the 3rd quarter worth $27,000. TFC Financial Management Inc. increased its holdings in shares of Middleby by 23,000.0% in the 3rd quarter. TFC Financial Management Inc. now owns 231 shares of the industrial products company's stock worth $31,000 after purchasing an additional 230 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Middleby by 135.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 245 shares of the industrial products company's stock worth $33,000 after purchasing an additional 141 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Middleby by 280.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 327 shares of the industrial products company's stock worth $47,000 after purchasing an additional 241 shares in the last quarter. Institutional investors own 98.55% of the company's stock.

Middleby Price Performance

NASDAQ MIDD opened at $139.46 on Wednesday. The company has a market capitalization of $6.50 billion, a PE ratio of -24.34 and a beta of 1.34. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.92 and a current ratio of 2.57. The business's fifty day moving average is $144.20 and its 200 day moving average is $141.73. The Middleby Corporation has a fifty-two week low of $110.82 and a fifty-two week high of $169.44.

Middleby (NASDAQ:MIDD - Get Free Report) last announced its quarterly earnings data 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 positive return on equity of 14.57% and a negative net margin of 7.44%.The business had revenue of $334.59 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the business earned $2.88 earnings per share. The business's revenue was up 4.5% on a year-over-year basis. Middleby has set its FY 2026 guidance at 9.200-9.360 EPS and its Q1 2026 guidance at 1.900-2.020 EPS. Sell-side analysts predict that The Middleby Corporation will post 9.23 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wall Street Zen lowered Middleby from a "buy" rating to a "hold" rating in a report on Saturday, March 7th. JPMorgan Chase & Co. reduced their target price on Middleby from $180.00 to $150.00 and set a "neutral" rating for the company in a report on Friday, April 10th. Weiss Ratings reissued a "sell (d+)" rating on shares of Middleby in a report on Friday. Canaccord Genuity Group set a $187.00 target price on Middleby and gave the stock a "buy" rating in a report on Tuesday, February 24th. Finally, Zacks Research lowered Middleby from a "strong-buy" rating to a "hold" rating in a report on Monday, January 26th. Six 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $178.57.

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.

Want to see what other hedge funds are holding MIDD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Middleby Corporation (NASDAQ:MIDD - Free Report).

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.