California State Teachers Retirement System Grows Stock Holdings in The Middleby Corporation $MIDD

California State Teachers Retirement System lifted its holdings in The Middleby Corporation (NASDAQ:MIDD) by 22.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 55,877 shares of the industrial products company’s stock after buying an additional 10,227 shares during the quarter. California State Teachers Retirement System’s holdings in Middleby were worth $7,408,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MIDD. M&T Bank Corp purchased a new position in Middleby in the fourth quarter valued at about $15,085,000. Sei Investments Co. raised its holdings in shares of Middleby by 6.5% during the 1st quarter. Sei Investments Co. now owns 803,383 shares of the industrial products company’s stock valued at $106,514,000 after buying an additional 49,228 shares during the period. Hsbc Holdings PLC acquired a new position in Middleby during the 4th quarter worth approximately $2,464,000. Fifth Third Bancorp lifted its position in Middleby by 272.0% during the 1st quarter. Fifth Third Bancorp now owns 32,441 shares of the industrial products company’s stock worth $4,301,000 after acquiring an additional 23,721 shares in the last quarter. Finally, Oak Thistle LLC boosted its holdings in Middleby by 345.9% in the 4th quarter. Oak Thistle LLC now owns 11,169 shares of the industrial products company’s stock worth $1,660,000 after acquiring an additional 8,664 shares during the period. Institutional investors and hedge funds own 98.55% of the company’s stock.

Middleby Stock Up 2.2%

Shares of Middleby stock opened at $138.78 on Wednesday. The Middleby Corporation has a 12-month low of $110.82 and a 12-month high of $180.13. The stock’s fifty day moving average is $151.56 and its 200-day moving average is $149.36. The firm has a market capitalization of $6.27 billion, a PE ratio of -16.37 and a beta of 1.32. The company has a quick ratio of 1.10, a current ratio of 1.96 and a debt-to-equity ratio of 0.77.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings results on Thursday, May 7th. The industrial products company reported $2.16 EPS for the quarter, beating the consensus estimate of $1.94 by $0.22. Middleby had a negative net margin of 11.46% and a positive return on equity of 15.94%. The business had revenue of $839.91 million during the quarter, compared to the consensus estimate of $777.19 million. During the same quarter in the prior year, the firm earned $2.08 EPS. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS. Equities analysts anticipate that The Middleby Corporation will post 9.54 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on MIDD shares. Jefferies Financial Group decreased their target price on shares of Middleby from $200.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Wall Street Zen raised Middleby from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. Robert W. Baird downgraded Middleby from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. dropped their price objective on shares of Middleby from $185.00 to $151.00 and set a “neutral” rating on the stock in a report on Monday, July 13th. Finally, Barclays set a $155.00 target price on Middleby and gave the company an “overweight” rating in a research report on Monday, July 20th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Middleby has an average rating of “Moderate Buy” and an average price target of $173.88.

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.