Quantinno Capital Management LP Acquires 77,709 Shares of The Middleby Corporation $MIDD

Quantinno Capital Management LP grew its holdings in The Middleby Corporation (NASDAQ:MIDDFree Report) by 36.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 288,425 shares of the industrial products company’s stock after acquiring an additional 77,709 shares during the period. Quantinno Capital Management LP’s holdings in Middleby were worth $38,239,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Middleby by 49.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,772,249 shares of the industrial products company’s stock valued at $858,161,000 after acquiring an additional 1,902,957 shares during the last quarter. Invesco Ltd. grew its position in Middleby by 1,046.4% in the third quarter. Invesco Ltd. now owns 1,018,536 shares of the industrial products company’s stock worth $135,394,000 after acquiring an additional 929,688 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Middleby by 4,256.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 722,137 shares of the industrial products company’s stock worth $107,361,000 after acquiring an additional 705,560 shares during the last quarter. Cooke & Bieler LP purchased a new stake in Middleby during the fourth quarter valued at approximately $48,113,000. Finally, Marshall Wace LLP raised its position in Middleby by 260.0% during the third quarter. Marshall Wace LLP now owns 419,936 shares of the industrial products company’s stock valued at $55,822,000 after purchasing an additional 303,293 shares during the period. 98.55% of the stock is currently owned by institutional investors.

Middleby Stock Up 0.2%

Shares of NASDAQ:MIDD opened at $133.32 on Friday. The firm has a market capitalization of $6.03 billion, a PE ratio of -15.72 and a beta of 1.33. The business has a 50 day simple moving average of $152.34 and a two-hundred day simple moving average of $149.76. The Middleby Corporation has a 1 year low of $110.82 and a 1 year high of $180.13. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.96 and a quick ratio of 1.10.

Middleby (NASDAQ:MIDDGet Free Report) last issued its quarterly earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.22. Middleby had a positive return on equity of 15.94% and a negative net margin of 11.46%.The firm had revenue of $839.91 million for the quarter, compared to the consensus estimate of $777.19 million. During the same period in the prior year, the business posted $2.08 earnings per share. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS. On average, equities analysts predict that The Middleby Corporation will post 9.54 EPS for the current year.

Analyst Ratings Changes

MIDD has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Middleby in a report on Friday, May 1st. Oppenheimer began coverage on Middleby in a report on Wednesday, June 17th. They set an “outperform” rating and a $205.00 price target on the stock. Wall Street Zen upgraded Middleby from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. Jefferies Financial Group dropped their price objective on shares of Middleby from $200.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Finally, Canaccord Genuity Group set a $200.00 target price on shares of Middleby in a research note on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $173.88.

Get Our Latest Analysis on MIDD

About Middleby

(Free Report)

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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Institutional Ownership by Quarter for Middleby (NASDAQ:MIDD)

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