300,557 The Middleby Corporation $MIDD Shares Acquired by Cooke & Bieler LP

Cooke & Bieler LP raised its holdings in shares of The Middleby Corporation (NASDAQ:MIDD) by 47.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 932,553 shares of the industrial products company’s stock after purchasing an additional 300,557 shares during the quarter. Middleby makes up approximately 1.4% of Cooke & Bieler LP’s portfolio, making the stock its 26th largest holding. Cooke & Bieler LP owned 2.06% of Middleby worth $96,594,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Crossmark Global Holdings Inc. increased its stake in Middleby by 194.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 11,103 shares of the industrial products company’s stock worth $1,150,000 after acquiring an additional 7,334 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Middleby by 56.9% in the third quarter. Nisa Investment Advisors LLC now owns 1,119 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 406 shares during the last quarter. IFP Advisors Inc boosted its position in Middleby by 1,507.4% during the 3rd quarter. IFP Advisors Inc now owns 434 shares of the industrial products company’s stock valued at $45,000 after buying an additional 407 shares during the period. Assenagon Asset Management S.A. purchased a new position in Middleby during the 3rd quarter valued at about $13,329,000. Finally, Krilogy Financial LLC purchased a new stake in Middleby in the third quarter worth $201,000. 98.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MIDD has been the subject of a number of research analyst reports. Oppenheimer restated an “outperform” rating and issued a $160.00 target price (down from $205.00) on shares of Middleby in a research note on Wednesday, August 12th. Seaport Research Partners set a $145.00 price target on shares of Middleby in a research report on Wednesday, August 12th. Zacks Research raised shares of Middleby from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. Jefferies Financial Group decreased their target price on Middleby from $200.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. Finally, Wall Street Zen cut shares of Middleby from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $159.25.

Middleby Price Performance

Middleby stock opened at $111.07 on Thursday. The Middleby Corporation has a 12-month low of $102.14 and a 12-month high of $180.13. The company has a current ratio of 1.99, a quick ratio of 1.10 and a debt-to-equity ratio of 0.88. The firm has a 50-day moving average price of $109.94 and a 200-day moving average price of $134.12. The firm has a market capitalization of $5.02 billion, a PE ratio of -11.99 and a beta of 1.32.

Middleby (NASDAQ:MIDD) last released its earnings results on Tuesday, August 11th. The industrial products company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $875.55 million for the quarter, compared to analysts’ expectations of $836.99 million. During the same quarter in the prior year, the firm posted $2.35 earnings per share. The company’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 research analysts forecast that The Middleby Corporation will post 6.82 EPS for the current year.

Middleby Profile

The Middleby Corporation (NASDAQ: MIDD) designs, manufactures and sells commercial, residential and food processing equipment. Its commercial foodservice products include conveyor, deck, combi and convection ovens; ranges, fryers, steam-cooking equipment, refrigeration systems, ventilation products and kitchen automation technologies. These products are used by restaurants, hotels, institutional kitchens, convenience stores, supermarkets and other foodservice operators.

Middleby also offers equipment and appliances for residential kitchens, including cooking products, refrigeration, ventilation and outdoor cooking systems.