Natixis Advisors LLC Buys 14,244 Shares of The Middleby Corporation $MIDD

Natixis Advisors LLC raised its stake in The Middleby Corporation (NASDAQ:MIDD) by 12.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,960 shares of the industrial products company’s stock after purchasing an additional 14,244 shares during the quarter. Natixis Advisors LLC’s holdings in Middleby were worth $17,276,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. First Trust Advisors LP grew its stake in shares of Middleby by 10.5% in the third quarter. First Trust Advisors LP now owns 112,290 shares of the industrial products company’s stock valued at $14,927,000 after buying an additional 10,644 shares in the last quarter. Teton Advisors LLC acquired a new stake in Middleby in the third quarter valued at $266,000. Dimensional Fund Advisors LP lifted its stake in Middleby by 9.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,427,424 shares of the industrial products company’s stock valued at $189,749,000 after acquiring an additional 123,945 shares during the last quarter. Cresset Asset Management LLC grew its position in shares of Middleby by 7.6% in the 3rd quarter. Cresset Asset Management LLC now owns 1,509 shares of the industrial products company’s stock valued at $201,000 after acquiring an additional 107 shares during the period. Finally, Aviso Financial Inc. grew its position in shares of Middleby by 1.5% in the 3rd quarter. Aviso Financial Inc. now owns 337,080 shares of the industrial products company’s stock valued at $44,808,000 after acquiring an additional 4,957 shares during the period. Institutional investors own 98.55% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MIDD. Zacks Research cut shares of Middleby from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Wall Street Zen cut Middleby from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings restated a “sell (d)” rating on shares of Middleby in a research note on Monday, December 29th. KeyCorp raised their price objective on Middleby from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Finally, Canaccord Genuity Group set a $187.00 target price on Middleby and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $174.17.

Middleby Stock Performance

Shares of MIDD stock opened at $150.45 on Thursday. The Middleby Corporation has a 52 week low of $110.82 and a 52 week high of $169.44. The company has a market capitalization of $7.10 billion, a price-to-earnings ratio of -26.26 and a beta of 1.37. The company has a 50-day simple moving average of $155.77 and a 200 day simple moving average of $140.82. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.92 and a current ratio of 2.57.

Middleby (NASDAQ:MIDD) last released its quarterly earnings results on Thursday, February 26th. The industrial products company reported $2.14 earnings per share for the quarter, missing the consensus estimate of $2.27 by ($0.13). The company had revenue of $334.59 million during the quarter, compared to the consensus estimate of $1.01 billion. Middleby had a negative net margin of 7.44% and a positive return on equity of 14.57%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.88 earnings per share. Middleby has set its FY 2026 guidance at 9.200-9.360 EPS and its Q1 2026 guidance at 1.900-2.020 EPS. On average, sell-side analysts predict that The Middleby Corporation will post 9.11 earnings per share for the current year.

Middleby Company Profile

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.