The Middleby Corporation $MIDD Shares Newly Bought by Pullen Investment Management LLC

Pullen Investment Management LLC purchased a new stake in shares of The Middleby Corporation (NASDAQ:MIDD) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 16,949 shares of the industrial products company’s stock, valued at approximately $1,756,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of MIDD. Citizens Financial Group Inc. RI bought a new stake in Middleby during the 3rd quarter worth approximately $273,000. Inspire Investing LLC boosted its holdings in Middleby by 113.8% in the 3rd quarter. Inspire Investing LLC now owns 6,082 shares of the industrial products company’s stock valued at $630,000 after purchasing an additional 3,237 shares during the period. Root Financial Partners LLC bought a new position in Middleby in the 3rd quarter valued at $54,000. Cardinal Capital Management boosted its holdings in Middleby by 11.0% in the 3rd quarter. Cardinal Capital Management now owns 12,935 shares of the industrial products company’s stock valued at $1,340,000 after purchasing an additional 1,283 shares during the period. Finally, Skylands Capital LLC bought a new position in Middleby in the 3rd quarter valued at $1,797,000. 98.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Robert W. Baird cut shares of Middleby from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Wall Street Zen cut Middleby from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Jefferies Financial Group reduced their target price on Middleby from $200.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. Royal Bank Of Canada set a $147.00 target price on Middleby in a research note on Tuesday, September 15th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $160.00 price target (down from $205.00) on shares of Middleby in a report on Wednesday, August 12th. Six equities research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $159.25.

Middleby Price Performance

MIDD stock opened at $113.05 on Monday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.99 and a quick ratio of 1.10. The Middleby Corporation has a one year low of $102.14 and a one year high of $180.13. The stock has a market cap of $5.11 billion, a PE ratio of -12.21 and a beta of 1.32. The firm has a 50 day simple moving average of $109.75 and a two-hundred day simple moving average of $133.83.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings results on Tuesday, August 11th. The industrial products company reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.26. The firm had revenue of $875.55 million for the quarter, compared to analyst estimates of $836.99 million. Middleby had a negative net margin of 13.22% and a positive return on equity of 17.44%. The business’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.35 EPS. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. On average, analysts predict that The Middleby Corporation will post 6.82 EPS for the current fiscal year.

About Middleby

The Middleby Corporation (NASDAQ: MIDD) designs, manufactures and sells commercial, residential and food processing equipment. Its commercial foodservice products include conveyor, deck, combi and convection ovens; ranges, fryers, steam-cooking equipment, refrigeration systems, ventilation products and kitchen automation technologies. These products are used by restaurants, hotels, institutional kitchens, convenience stores, supermarkets and other foodservice operators.

Middleby also offers equipment and appliances for residential kitchens, including cooking products, refrigeration, ventilation and outdoor cooking systems.