M&T Bank Corp Takes Position in The Middleby Corporation $MIDD

M&T Bank Corp bought a new stake in shares of The Middleby Corporation (NASDAQ:MIDD) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 104,383 shares of the industrial products company’s stock, valued at approximately $15,085,000. M&T Bank Corp owned about 0.21% of Middleby at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Cresset Asset Management LLC lifted its stake in Middleby by 7.6% during the third quarter. Cresset Asset Management LLC now owns 1,509 shares of the industrial products company’s stock valued at $201,000 after purchasing an additional 107 shares during the last quarter. Syon Capital LLC lifted its stake in Middleby by 5.3% during the third quarter. Syon Capital LLC now owns 2,386 shares of the industrial products company’s stock valued at $317,000 after purchasing an additional 120 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in Middleby by 7.8% during the third quarter. Sequoia Financial Advisors LLC now owns 1,900 shares of the industrial products company’s stock valued at $253,000 after purchasing an additional 138 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Middleby by 135.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 245 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 141 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in Middleby by 0.9% during the third quarter. State of New Jersey Common Pension Fund D now owns 18,176 shares of the industrial products company’s stock valued at $2,416,000 after purchasing an additional 167 shares during the last quarter. 98.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MIDD has been the subject of several analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $195.00 target price on shares of Middleby in a report on Tuesday, March 31st. Robert W. Baird upped their target price on Middleby from $159.00 to $197.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Middleby in a report on Monday, December 29th. KeyCorp upped their target price on Middleby from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Finally, Canaccord Genuity Group set a $187.00 target price on Middleby and gave the company a “buy” rating in a report on Tuesday, February 24th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $178.57.

Middleby Stock Up 0.5%

Shares of NASDAQ:MIDD opened at $145.38 on Friday. The firm has a 50 day simple moving average of $146.88 and a 200 day simple moving average of $141.35. The company has a market cap of $6.78 billion, a PE ratio of -25.37 and a beta of 1.41. 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 Middleby Corporation has a 52 week low of $110.82 and a 52 week high of $169.44.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings data on Thursday, February 26th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.15. The firm had revenue of $334.59 million during the quarter, compared to the consensus estimate of $1.01 billion. Middleby had a positive return on equity of 14.57% and a negative net margin of 7.44%.The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.88 EPS. Middleby has set its FY 2026 guidance at 9.200-9.360 EPS and its Q1 2026 guidance at 1.900-2.020 EPS. As a group, research analysts expect that The Middleby Corporation will post 9.23 earnings per share for the current year.

About Middleby

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.