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

Natixis Advisors LLC raised its holdings in The Middleby Corporation (NASDAQ:MIDD) by 12.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 129,960 shares of the industrial products company’s stock after acquiring an additional 14,244 shares during the period. Natixis Advisors LLC owned about 0.26% of Middleby worth $17,276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of MIDD. SG Capital Management LLC bought a new position in shares of Middleby during the 3rd quarter valued at about $55,260,000. Norges Bank bought a new stake in Middleby during the 2nd quarter worth approximately $19,285,000. Franklin Resources Inc. increased its stake in Middleby by 27.0% during the 2nd quarter. Franklin Resources Inc. now owns 621,794 shares of the industrial products company’s stock worth $89,538,000 after purchasing an additional 132,191 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Middleby by 9.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,427,424 shares of the industrial products company’s stock worth $189,749,000 after purchasing an additional 123,945 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Middleby by 21.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 592,168 shares of the industrial products company’s stock worth $85,272,000 after buying an additional 103,930 shares during the period. 98.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MIDD has been the subject of several research analyst reports. Canaccord Genuity Group set a $187.00 price target on shares of Middleby and gave the company a “buy” rating in a report on Tuesday, February 24th. Wall Street Zen lowered shares of Middleby from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Middleby in a research report on Monday, December 29th. Robert W. Baird upped their target price 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. Finally, KeyCorp increased their target price on Middleby from $175.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $174.17.

Middleby Price Performance

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

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