Engineers Gate Manager LP Increases Position in The Middleby Corporation $MIDD

by · The Markets Daily

Engineers Gate Manager LP increased its holdings in The Middleby Corporation (NASDAQ:MIDD – Free Report) by 514.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 10,699 shares of the industrial products company’s stock after buying an additional 8,959 shares during the period. Engineers Gate Manager LP’s holdings in Middleby were worth $1,840,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of MIDD. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Middleby during the second quarter worth $27,000. Clearstead Advisors LLC grew its stake in Middleby by 201.8% in the 4th quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 111 shares during the period. Elevation Wealth Partners LLC increased its position in shares of Middleby by 553.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 170 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 144 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Middleby by 1,292.9% during the 4th quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 181 shares during the last quarter. Finally, Allworth Financial LP bought a new stake in shares of Middleby during the 2nd quarter worth $37,000. 98.55% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Middleby from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $141.00 to $147.00 in a report on Tuesday. Barclays restated an “overweight” rating and set a $145.00 price objective (down from $155.00) on shares of Middleby in a report on Thursday, August 13th. Robert W. Baird cut shares of Middleby from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Oppenheimer reissued an “outperform” rating and set a $160.00 target price (down from $205.00) on shares of Middleby in a research report on Wednesday, August 12th. Finally, KeyCorp set a $152.00 target price on shares of Middleby in a research report on Tuesday, July 14th. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $159.50.

Get Our Latest Report on MIDD

Middleby Stock Up 1.3%

MIDD stock opened at $111.10 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.10 and a current ratio of 1.99. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of -12.00 and a beta of 1.31. The Middleby Corporation has a fifty-two week low of $104.24 and a fifty-two week high of $180.13. The stock has a fifty day moving average of $122.92 and a 200-day moving average of $140.92.

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 analysts’ consensus estimates of $2.09 by $0.26. The business had revenue of $875.55 million for the quarter, compared to analysts’ expectations of $836.99 million. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%.The firm’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the previous year, the business 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. As a group, equities research analysts predict that The Middleby Corporation will post 6.85 earnings per share for the current year.

Middleby Profile

(Free Report)

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.

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