S&CO Inc. Purchases Shares of 29,100 The Middleby Corporation $MIDD

Key Points

• S&CO Inc. acquired 29,100 shares of The Middleby Corporation in the second quarter, valued at approximately $5.0 million and representing about 0.06% of the company. Institutional investors collectively own 98.55% of Middleby.
• Middleby reported quarterly EPS of $2.35, exceeding the $2.09 analyst consensus, while revenue of $875.55 million surpassed estimates but declined 10.5% year over year.
• Shares opened at $117.91, well below their 52-week high of $180.13. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $160.38, though several firms recently reduced their targets or ratings.

S&CO Inc. acquired a new position in shares of The Middleby Corporation (NASDAQ:MIDD - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 29,100 shares of the industrial products company's stock, valued at approximately $5,005,000. S&CO Inc. owned about 0.06% of Middleby as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in Middleby by 49.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,772,249 shares of the industrial products company's stock worth $858,161,000 after purchasing an additional 1,902,957 shares during the last quarter. Garden Investment Management L.P. boosted its stake in Middleby by 3.1% in the 4th quarter. Garden Investment Management L.P. now owns 3,379,737 shares of the industrial products company's stock valued at $502,466,000 after purchasing an additional 102,903 shares during the period. JPMorgan Chase & Co. grew its holdings in Middleby by 3.6% in the 4th quarter. JPMorgan Chase & Co. now owns 2,153,171 shares of the industrial products company's stock valued at $320,112,000 after buying an additional 75,047 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Middleby by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,486,120 shares of the industrial products company's stock worth $220,950,000 after buying an additional 58,696 shares during the period. Finally, Turtle Creek Asset Management Inc. increased its position in Middleby by 4.2% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 1,461,810 shares of the industrial products company's stock worth $194,318,000 after buying an additional 59,050 shares during the period. Institutional investors own 98.55% of the company's stock.

Middleby Price Performance

Shares of NASDAQ MIDD opened at $117.91 on Friday. The business has a fifty day moving average price of $146.85 and a two-hundred day moving average price of $148.10. The stock has a market capitalization of $5.33 billion, a PE ratio of -12.73 and a beta of 1.32. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.99 and a quick ratio of 1.10. The Middleby Corporation has a fifty-two week low of $110.82 and a fifty-two week high of $180.13.

Middleby (NASDAQ:MIDD - Get Free Report) last released its earnings results on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.26. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%.The company had revenue of $875.55 million for the quarter, compared to analyst estimates of $836.99 million. During the same period in the prior year, the firm posted $2.35 EPS. 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. As a group, equities analysts predict that The Middleby Corporation will post 6.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

MIDD has been the subject of a number of recent research reports. KeyCorp set a $152.00 target price on shares of Middleby in a research report on Tuesday, July 14th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Middleby in a research report on Wednesday, July 29th. 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. Jefferies Financial Group cut their price objective on shares of Middleby from $200.00 to $160.00 and set a "buy" rating for the company in a report on Wednesday, July 8th. Finally, Wall Street Zen lowered shares of Middleby from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Middleby presently has a consensus rating of "Moderate Buy" and a consensus price target of $160.38.

Middleby 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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