Northwestern Mutual Wealth Management Co. Has $18.55 Million Holdings in The Middleby Corporation $MIDD

Northwestern Mutual Wealth Management Co. lifted its position in shares of The Middleby Corporation (NASDAQ:MIDD) by 296,919.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,748 shares of the industrial products company’s stock after buying an additional 124,706 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Middleby were worth $18,546,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. New York Life Investment Management LLC acquired a new stake in Middleby in the fourth quarter worth $649,000. VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in Middleby by 7.5% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 22,903 shares of the industrial products company’s stock worth $3,405,000 after purchasing an additional 1,600 shares during the period. Bailard Inc. acquired a new stake in Middleby in the fourth quarter worth $268,000. Naples Global Advisors LLC acquired a new stake in Middleby in the fourth quarter worth $223,000. Finally, NewEdge Wealth LLC grew its holdings in Middleby by 12.4% in the fourth quarter. NewEdge Wealth LLC now owns 3,003 shares of the industrial products company’s stock worth $446,000 after purchasing an additional 332 shares during the period. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Middleby Stock Down 2.0%

Shares of NASDAQ MIDD opened at $141.52 on Wednesday. The stock has a market capitalization of $6.40 billion, a P/E ratio of -16.69 and a beta of 1.34. The company has a 50-day moving average price of $141.98 and a 200-day moving average price of $142.96. The Middleby Corporation has a 1 year low of $110.82 and a 1 year high of $169.44. 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:MIDD) last issued its quarterly earnings data on Thursday, May 7th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.22. The firm had revenue of $839.91 million during the quarter, compared to analysts’ expectations of $777.19 million. Middleby had a negative net margin of 11.46% and a positive return on equity of 15.94%. The business’s revenue was up 15.0% on a year-over-year basis. During the same period last year, the company earned $2.08 earnings per share. 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 research analysts forecast that The Middleby Corporation will post 9.56 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on MIDD. JPMorgan Chase & Co. raised their price target on shares of Middleby from $150.00 to $185.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Robert W. Baird set a $205.00 price target on shares of Middleby in a report on Friday, May 8th. Zacks Research cut shares of Middleby from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Weiss Ratings restated a “sell (d+)” rating on shares of Middleby in a report on Friday, May 1st. Finally, Jefferies Financial Group restated a “buy” rating and issued a $195.00 price target on shares of Middleby in a report on Tuesday, March 31st. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $189.71.

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.