Middleby (NASDAQ:MIDD) Stock Sold Off Rep. April McClain Delaney
by Kim Johansen · The Markets DailyRepresentative April McClain Delaney (Democratic-Maryland) recently sold shares of The Middleby Corporation (NASDAQ:MIDD). In a filing disclosed on September 09th, the Representative disclosed that they had sold between $1,001 and $15,000 in Middleby stock on August 4th.
Representative April McClain Delaney also recently made the following trade(s):
- Sold $100,001 – $250,000 in shares of Wabtec (NYSE:WAB) on 8/25/2026.
- Sold $100,001 – $250,000 in shares of Viking (NYSE:VIK) on 8/25/2026.
- Sold $100,001 – $250,000 in shares of Trimble (NASDAQ:TRMB) on 8/25/2026.
- Sold $100,001 – $250,000 in shares of Transdigm Group (NYSE:TDG) on 8/25/2026.
- Sold $15,001 – $50,000 in shares of Tractor Supply (NASDAQ:TSCO) on 8/25/2026.
- Sold $15,001 – $50,000 in shares of Middleby (NASDAQ:MIDD) on 8/25/2026.
- Sold $15,001 – $50,000 in shares of Teledyne Technologies (NYSE:TDY) on 8/25/2026.
- Sold $100,001 – $250,000 in shares of STERIS (NYSE:STE) on 8/25/2026.
- Sold $100,001 – $250,000 in shares of Somnigroup International (NYSE:SGI) on 8/25/2026.
- Sold $100,001 – $250,000 in shares of Signet Jewelers (NYSE:SIG) on 8/25/2026.
Middleby Stock Performance
Shares of NASDAQ MIDD traded up $2.59 during mid-day trading on Friday, hitting $108.31. 878,152 shares of the company were exchanged, compared to its average volume of 515,898. The stock has a 50 day simple moving average of $124.88 and a 200-day simple moving average of $141.73. The Middleby Corporation has a 1-year low of $104.24 and a 1-year high of $180.13. The company has a quick ratio of 1.10, a current ratio of 1.99 and a debt-to-equity ratio of 0.88. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of -11.70 and a beta of 1.31.
Middleby (NASDAQ:MIDD – Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.26. The company had revenue of $875.55 million for the quarter, compared to analysts’ expectations of $836.99 million. Middleby had a negative net margin of 13.22% and a positive return on equity of 17.44%. Middleby’s revenue was down 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.35 EPS. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. On average, sell-side analysts forecast that The Middleby Corporation will post 6.85 EPS for the current fiscal year.
Hedge Funds Weigh In On Middleby
Institutional investors and hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System increased its holdings in shares of Middleby by 14,843.9% in the 2nd quarter. California State Teachers Retirement System now owns 8,350,225 shares of the industrial products company’s stock valued at $1,436,322,000 after purchasing an additional 8,294,348 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Middleby by 49.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,772,249 shares of the industrial products company’s stock valued at $858,161,000 after purchasing an additional 1,902,957 shares during the period. BlackRock Inc. purchased a new stake in Middleby during the second quarter worth about $676,035,000. Garden Investment Management L.P. boosted its holdings in Middleby by 3.1% during the fourth quarter. Garden Investment Management L.P. now owns 3,379,737 shares of the industrial products company’s stock worth $502,466,000 after buying an additional 102,903 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Middleby by 3.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,153,171 shares of the industrial products company’s stock worth $320,112,000 after buying an additional 75,047 shares during the period. 98.55% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts have recently weighed in on MIDD shares. Robert W. Baird downgraded shares of Middleby from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Canaccord Genuity Group set a $160.00 price target on shares of Middleby and gave the stock a “buy” rating in a report on Tuesday, September 1st. Barclays restated an “overweight” rating and issued a $145.00 price objective (down from $155.00) on shares of Middleby in a research report on Thursday, August 13th. Wall Street Zen lowered Middleby from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Seaport Research Partners set a $145.00 target price on Middleby in a research report on Wednesday, August 12th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $160.43.
View Our Latest Stock Report on MIDD
About Representative McClain Delaney
April McClain-Delaney (Democratic Party) is a member of the U.S. House, representing Maryland’s 6th Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.
McClain-Delaney (Democratic Party) is running for re-election to the U.S. House to represent Maryland’s 6th Congressional District. She declared candidacy for the 2026 election.
April McClain-Delaney grew up in Buhl, Idaho, where her father was a potato farmer. She obtained her bachelor’s degree in communications from Northwestern University in 1986 and her law degree from Georgetown Law Center in 1989. McClain-Delaney worked in communications law, first with the satellite firm Orion Network Systems and later as the Washington director for Common Sense Media, a nonprofit focused on technology and children. In 2022, McClain-Delaney joined the U.S. Department of Commerce under President Joe Biden (D) as deputy assistant secretary for communications and information. McClain-Delaney served on the board of the Georgetown University Law Center, the International Center for Research on Women, and the Northwestern University School of Communications.
About Middleby
Middleby Corporation is a global manufacturer of commercial foodservice, residential kitchen, and food processing equipment. Its products are used by restaurants, hotels, institutional kitchens, food retailers, and food manufacturers around the world.
The company’s commercial foodservice portfolio includes cooking, baking, frying, refrigeration, ventilation, beverage, and food preparation equipment. Its residential brands offer cooking appliances, refrigeration, outdoor kitchen products, and related specialty equipment.