Northwestern Mutual Wealth Management Co. Purchases 124,706 Shares of The Middleby Corporation $MIDD

Northwestern Mutual Wealth Management Co. lifted its position in shares of The Middleby Corporation (NASDAQ:MIDD) by 296,919.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 124,748 shares of the industrial products company’s stock after acquiring an additional 124,706 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.25% of Middleby worth $18,546,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Invesco Ltd. lifted its stake in Middleby by 1,046.4% in the 3rd quarter. Invesco Ltd. now owns 1,018,536 shares of the industrial products company’s stock valued at $135,394,000 after purchasing an additional 929,688 shares during the last quarter. SG Capital Management LLC bought a new position in Middleby in the 3rd quarter valued at approximately $55,260,000. Marshall Wace LLP lifted its stake in Middleby by 260.0% in the 3rd quarter. Marshall Wace LLP now owns 419,936 shares of the industrial products company’s stock valued at $55,822,000 after purchasing an additional 303,293 shares during the last quarter. Holocene Advisors LP lifted its stake in Middleby by 397.3% in the 3rd quarter. Holocene Advisors LP now owns 168,875 shares of the industrial products company’s stock valued at $22,449,000 after purchasing an additional 134,914 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Middleby by 9.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,427,424 shares of the industrial products company’s stock valued at $189,749,000 after purchasing an additional 123,945 shares during the last quarter. Institutional investors own 98.55% of the company’s stock.

Middleby Trading Down 2.0%

MIDD opened at $141.52 on Wednesday. The Middleby Corporation has a twelve month low of $110.82 and a twelve month high of $169.44. The company has a quick ratio of 1.10, a current ratio of 1.96 and a debt-to-equity ratio of 0.77. The company has a fifty day moving average of $141.98 and a 200-day moving average of $142.96. The stock has a market cap of $6.40 billion, a PE ratio of -16.69 and a beta of 1.34.

Middleby (NASDAQ:MIDD) last posted its quarterly earnings data on Thursday, May 7th. The industrial products company reported $2.16 earnings per share for the quarter, topping 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 company had revenue of $839.91 million during the quarter, compared to analysts’ expectations of $777.19 million. During the same period in the prior year, the company posted $2.08 earnings per share. Middleby’s revenue for the quarter was up 15.0% compared to the same quarter last year. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS. On average, sell-side analysts predict that The Middleby Corporation will post 9.56 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MIDD shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Middleby in a research note on Friday, May 1st. Canaccord Genuity Group set a $200.00 price target on shares of Middleby in a research note on Friday, May 8th. Barclays reaffirmed an “overweight” rating and set a $190.00 price target (up from $168.00) on shares of Middleby in a research note on Friday, May 8th. Zacks Research downgraded shares of Middleby from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th. Finally, Wall Street Zen raised shares of Middleby from a “hold” rating to a “buy” rating in a research note on Saturday. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $189.71.

Middleby 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.