TD Asset Management Inc Sells 47,846 Shares of The Middleby Corporation $MIDD

TD Asset Management Inc reduced its position in The Middleby Corporation (NASDAQ:MIDD) by 21.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 178,640 shares of the industrial products company’s stock after selling 47,846 shares during the quarter. TD Asset Management Inc owned about 0.35% of Middleby worth $23,747,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MIDD. Allworth Financial LP increased its stake in Middleby by 168.8% in the second quarter. Allworth Financial LP now owns 207 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 130 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Middleby during the second quarter worth $30,000. TFC Financial Management Inc. boosted its holdings in shares of Middleby by 23,000.0% in the 3rd quarter. TFC Financial Management Inc. now owns 231 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 230 shares in the last quarter. AdvisorShares Investments LLC acquired a new position in shares of Middleby during the 2nd quarter worth $37,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Middleby during the 3rd quarter worth $46,000. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Middleby

Here are the key news stories impacting Middleby this week:

• Positive Sentiment: Analysts raised targets and ratings — Robert W. Baird raised its price target to $197 (outperform) and KeyCorp boosted its target to $190 (overweight); street research upgraded forecasts after the results. These upgrades helped lift sentiment. Analysts Boost Forecasts After Q4
• Positive Sentiment: Q4 EPS beat — Middleby reported $2.42 EPS vs. consensus $2.27, showing underlying profitability strength that supported the stock despite other headwinds. MIDD Beats Q4 Estimates
• Positive Sentiment: New Smart Kitchen Innovation Centre — Middleby launched a Smart Kitchen Innovation Centre, signaling continued investment in product R&D and commercial tech that could drive future wins in foodservice and OEM channels. Smart Kitchen Innovation Centre
• Positive Sentiment: Food‑processing spin‑off leadership named — Middleby named Mark Salman CEO and Mark Bowie COO of the Food Processing business ahead of its planned Q2 2026 separation, a structural move that could unlock value for shareholders. Leadership for Food Processing Spin‑off
• Neutral Sentiment: Updated 2026 revenue target and portfolio optimization — Management outlined a 2026 revenue target of $3.27B–$3.36B as it accelerates portfolio optimization; this clarifies the plan but is lower than some prior street expectations. 2026 Revenue Target & Portfolio Plan
• Neutral Sentiment: Earnings materials posted — Full earnings transcript and slide deck are available for investors who want to dig into segment details and management commentary. Q4 Earnings Transcript & Deck
• Negative Sentiment: Revenue miss and soft revenue guidance — Q4 sales of $866.4M missed the ~$1.01B consensus, and management set Q1 revenue guidance ($760M–$788M) and FY revenue guidance (~$3.3B–$3.4B) well below analyst estimates, which could limit upside until top‑line recovery is visible. Revenue Miss & Soft Guidance
• Negative Sentiment: Profitability nuance — The company reported a negative net margin (reported -5.22%) despite the EPS beat, a metric investors will watch as revenue headwinds and integration costs from portfolio actions play out. Earnings Summary & Metrics

Middleby Trading Up 1.1%

Shares of NASDAQ MIDD opened at $168.86 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 2.07. The Middleby Corporation has a 52-week low of $110.82 and a 52-week high of $169.44. The firm has a 50 day moving average price of $154.96 and a two-hundred day moving average price of $139.56. The stock has a market cap of $8.51 billion, a P/E ratio of -29.47 and a beta of 1.40.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings results on Thursday, February 26th. The industrial products company reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.15. The company had revenue of $866.43 million for the quarter, compared to analyst estimates of $1.01 billion. Middleby had a negative net margin of 7.44% and a positive return on equity of 13.88%. Middleby’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.88 earnings per share. 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 analysts forecast that The Middleby Corporation will post 9.11 EPS for the current year.

Insider Activity

In related news, Director Robert A. Nerbonne acquired 780 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The shares were bought at an average cost 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 in the company, valued at $2,759,452.92. The trade was a 3.77% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 6.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on MIDD shares. Canaccord Genuity Group set a $187.00 target price on Middleby and gave the company a “buy” rating in a research report on Tuesday. Zacks Research lowered shares of Middleby from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. JPMorgan Chase & Co. upped their price objective on shares of Middleby from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. KeyCorp boosted their target price on shares of Middleby from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Wall Street Zen upgraded shares of Middleby from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Five investment 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $174.17.

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.