Corient Private Wealth LP Takes $14.99 Million Position in The Middleby Corporation $MIDD

Corient Private Wealth LP purchased a new position in The Middleby Corporation (NASDAQ:MIDD – Free Report) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 87,171 shares of the industrial products company’s stock, valued at approximately $14,994,000.

A number of other large investors have also added to or reduced their stakes in MIDD. BlackRock Inc. purchased a new stake in shares of Middleby in the second quarter worth $676,035,000. Price T Rowe Associates Inc. MD grew its position 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 valued at $858,161,000 after purchasing an additional 1,902,957 shares during the last quarter. Invesco Ltd. increased its stake in Middleby by 1,046.4% during the 3rd quarter. Invesco Ltd. now owns 1,018,536 shares of the industrial products company’s stock valued at $135,394,000 after purchasing an additional 929,688 shares in the last quarter. Bank of America Corp DE purchased a new position in Middleby in the second quarter worth about $138,803,000. Finally, T. Rowe Price Investment Management Inc. lifted its stake in shares of Middleby by 4,256.3% in 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 buying an additional 705,560 shares in the last quarter. Hedge funds and other institutional investors own 98.55% of the company’s stock.

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Middleby Price Performance

NASDAQ MIDD opened at $112.75 on Friday. The business’s fifty day moving average price is $137.12 and its 200-day moving average price is $145.44. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of -12.18 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 1-year low of $110.82 and a 1-year high of $180.13.

Middleby (NASDAQ:MIDD – Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The industrial products company reported $2.35 EPS for the quarter, topping the consensus estimate of $2.09 by $0.26. The company had revenue of $875.55 million during the quarter, compared to analyst estimates of $836.99 million. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%.Middleby’s revenue was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.35 earnings per share. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. On average, equities analysts predict that The Middleby Corporation will post 6.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group reduced their price target on shares of Middleby from $200.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. Canaccord Genuity Group set a $157.00 target price on Middleby and gave the company a “buy” rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. reduced their target price on Middleby from $151.00 to $141.00 and set a “neutral” rating for the company in a report on Wednesday, August 12th. Oppenheimer reaffirmed an “outperform” rating and set a $160.00 price target (down from $205.00) on shares of Middleby in a report on Wednesday, August 12th. Finally, KeyCorp set a $152.00 price objective on Middleby in a research report on Tuesday, July 14th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Middleby currently has an average rating of “Hold” and an average price target of $160.38.

Check Out Our Latest Research Report 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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