Strs Ohio Sells 12,965 Shares of The Middleby Corporation $MIDD

Strs Ohio decreased its holdings in shares of The Middleby Corporation (NASDAQ:MIDD) by 91.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,205 shares of the industrial products company’s stock after selling 12,965 shares during the period. Strs Ohio’s holdings in Middleby were worth $160,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MIDD. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Middleby during the second quarter worth about $30,000. Allworth Financial LP grew its stake in Middleby by 168.8% in the 2nd quarter. Allworth Financial LP now owns 207 shares of the industrial products company’s stock worth $30,000 after buying an additional 130 shares in the last quarter. TFC Financial Management Inc. grew its stake in Middleby by 23,000.0% in the 3rd quarter. TFC Financial Management Inc. now owns 231 shares of the industrial products company’s stock worth $31,000 after buying an additional 230 shares in the last quarter. AdvisorShares Investments LLC purchased a new stake in shares of Middleby during the 2nd quarter valued at $37,000. Finally, Trust Co. of Toledo NA OH purchased a new stake in shares of Middleby during the 2nd quarter valued at $47,000. 98.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MIDD shares. Weiss Ratings reissued a “sell (d)” rating on shares of Middleby in a research note on Monday, December 29th. KeyCorp reiterated an “overweight” rating on shares of Middleby in a research report on Friday, December 5th. Zacks Research cut Middleby from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. JPMorgan Chase & Co. increased their price target on shares of Middleby from $125.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Finally, Barclays set a $168.00 price target on shares of Middleby and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $163.83.

Middleby Price Performance

Shares of Middleby stock opened at $153.67 on Wednesday. The company’s fifty day simple moving average is $144.34 and its two-hundred day simple moving average is $136.64. The Middleby Corporation has a 12-month low of $110.82 and a 12-month high of $182.73. The firm has a market cap of $7.74 billion, a PE ratio of -34.93 and a beta of 1.40. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.69.

Middleby (NASDAQ:MIDD) last posted its earnings results on Thursday, November 6th. The industrial products company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.34. Middleby had a negative net margin of 5.22% and a positive return on equity of 14.66%. The company had revenue of $982.13 million during the quarter, compared to analyst estimates of $961.21 million. During the same period in the prior year, the business posted $2.33 earnings per share. Middleby’s revenue for the quarter was up 4.2% on a year-over-year basis. Middleby has set its FY 2025 guidance at 8.990-9.140 EPS and its Q4 2025 guidance at 2.190-2.340 EPS. As a group, equities analysts expect that The Middleby Corporation will post 9.11 EPS for the current year.

Insider Activity at Middleby

In other Middleby news, Director Robert A. Nerbonne purchased 780 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The stock was bought at an average price of $128.52 per share, with a total value of $100,245.60. Following the completion of the purchase, the director directly owned 21,471 shares of the company’s stock, valued at $2,759,452.92. The trade was a 3.77% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 6.18% of the stock is currently owned by corporate insiders.

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.