Impax Asset Management Group plc Decreases Stock Holdings in The Middleby Corporation $MIDD

Impax Asset Management Group plc reduced its position in shares of The Middleby Corporation (NASDAQ:MIDD) by 5.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 133,739 shares of the industrial products company’s stock after selling 7,690 shares during the period. Impax Asset Management Group plc’s holdings in Middleby were worth $19,883,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Middleby by 90.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 432 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 205 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Middleby by 6.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,149 shares of the industrial products company’s stock valued at $23,884,000 after acquiring an additional 9,936 shares during the last quarter. Focus Partners Wealth lifted its position in Middleby by 344.7% in the first quarter. Focus Partners Wealth now owns 2,228 shares of the industrial products company’s stock valued at $339,000 after acquiring an additional 1,727 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Middleby by 280.2% in the second quarter. EverSource Wealth Advisors LLC now owns 327 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 241 shares during the last quarter. Finally, Cresset Asset Management LLC purchased a new stake in Middleby in the second quarter valued at $202,000. 98.55% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on MIDD shares. Weiss Ratings restated a “sell (d)” rating on shares of Middleby in a research note on Monday, December 29th. Robert W. Baird boosted their price target on shares of Middleby from $159.00 to $197.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. JPMorgan Chase & Co. dropped their price target on shares of Middleby from $180.00 to $150.00 and set a “neutral” rating on the stock in a research note on Friday, April 10th. Jefferies Financial Group reiterated a “buy” rating and set a $195.00 price target on shares of Middleby in a research note on Tuesday, March 31st. Finally, KeyCorp boosted their price target on shares of Middleby from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Six equities research 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, Middleby has an average rating of “Moderate Buy” and a consensus price target of $178.57.

Middleby Stock Down 2.4%

MIDD stock opened at $141.93 on Friday. The company has a market cap of $6.62 billion, a P/E ratio of -24.77 and a beta of 1.41. The Middleby Corporation has a 52 week low of $110.82 and a 52 week high of $169.44. The company’s 50-day moving average price is $146.44 and its 200 day moving average price is $141.36. The company has a current ratio of 2.57, a quick ratio of 1.92 and a debt-to-equity ratio of 0.77.

Middleby (NASDAQ:MIDD) last released its quarterly earnings data on Thursday, February 26th. The industrial products company reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.15. The firm had revenue of $334.59 million for 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% on a year-over-year basis. During the same quarter in the previous year, the firm 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, research analysts expect that The Middleby Corporation will post 9.23 earnings per share for the current fiscal 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.