Boston Partners Has $59.51 Million Stock Holdings in The Middleby Corporation $MIDD

Boston Partners decreased its stake in shares of The Middleby Corporation (NASDAQ:MIDD) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 413,268 shares of the industrial products company’s stock after selling 6,487 shares during the quarter. Boston Partners owned about 0.77% of Middleby worth $59,514,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its holdings in Middleby by 21.0% during the first quarter. Envestnet Asset Management Inc. now owns 125,752 shares of the industrial products company’s stock worth $19,112,000 after buying an additional 21,786 shares during the last quarter. Xponance Inc. grew its position in shares of Middleby by 1.6% in the 1st quarter. Xponance Inc. now owns 6,223 shares of the industrial products company’s stock valued at $946,000 after acquiring an additional 99 shares during the period. Beacon Investment Advisory Services Inc. acquired a new position in shares of Middleby during the 1st quarter worth about $222,000. Cetera Investment Advisers raised its holdings in shares of Middleby by 100.8% in the 1st quarter. Cetera Investment Advisers now owns 6,127 shares of the industrial products company’s stock valued at $931,000 after purchasing an additional 3,075 shares during the period. Finally, Heartland Advisors Inc. lifted its stake in Middleby by 25.4% in the 1st quarter. Heartland Advisors Inc. now owns 62,051 shares of the industrial products company’s stock valued at $9,431,000 after purchasing an additional 12,581 shares during the last quarter. Institutional investors and hedge funds own 98.55% of the company’s stock.

Middleby Price Performance

Middleby stock opened at $124.50 on Thursday. The stock has a 50-day moving average price of $132.43 and a two-hundred day moving average price of $138.65. The company has a current ratio of 2.57, a quick ratio of 1.56 and a debt-to-equity ratio of 0.64. The Middleby Corporation has a 12 month low of $114.57 and a 12 month high of $182.73. The company has a market capitalization of $6.27 billion, a PE ratio of 15.84 and a beta of 1.57.

Middleby (NASDAQ:MIDD) last posted its quarterly earnings data on Thursday, November 6th. The industrial products company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.34. Middleby had a return on equity of 14.14% and a net margin of 11.06%.The company had revenue of $982.13 million for the quarter, compared to analyst estimates of $961.21 million. During the same period in the previous year, the firm earned $2.33 earnings per share. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. Middleby has set its FY 2025 guidance at 8.990-9.140 EPS. Q4 2025 guidance at 2.190-2.340 EPS. Analysts expect that The Middleby Corporation will post 9.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Zacks Research upgraded Middleby from a “strong sell” rating to a “hold” rating in a research note on Monday, October 27th. Wolfe Research set a $163.00 price target on Middleby and gave the company an “outperform” rating in a research note on Thursday, September 4th. Wall Street Zen raised shares of Middleby from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. JPMorgan Chase & Co. raised shares of Middleby from an “underweight” rating to a “neutral” rating and dropped their price objective for the company from $140.00 to $125.00 in a research report on Friday, November 7th. Finally, Barclays set a $168.00 target price on shares of Middleby and gave the stock an “overweight” rating in a research note on Tuesday. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Middleby presently has an average rating of “Hold” and a consensus price target of $160.57.

About Middleby

The Middleby Corporation designs, markets, manufactures, distributes, and services foodservice, food processing, and residential kitchen equipment worldwide. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispensers, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing.