Natixis Advisors LLC Purchases 14,535 Shares of The Middleby Corporation $MIDD

Natixis Advisors LLC raised its stake in The Middleby Corporation (NASDAQ:MIDD) by 11.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 144,495 shares of the industrial products company’s stock after acquiring an additional 14,535 shares during the quarter. Natixis Advisors LLC’s holdings in Middleby were worth $21,482,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MIDD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Middleby by 90.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 432 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 205 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Middleby by 6.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,149 shares of the industrial products company’s stock worth $23,884,000 after acquiring an additional 9,936 shares in the last quarter. Focus Partners Wealth boosted its position in shares of Middleby by 344.7% during the 1st quarter. Focus Partners Wealth now owns 2,228 shares of the industrial products company’s stock worth $339,000 after acquiring an additional 1,727 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Middleby by 280.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 327 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 241 shares in the last quarter. Finally, Cresset Asset Management LLC acquired a new stake in shares of Middleby during the 2nd quarter worth approximately $202,000. Institutional investors and hedge funds own 98.55% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Barclays reiterated an “overweight” rating and set a $190.00 price target (up from $168.00) on shares of Middleby in a research report on Friday, May 8th. Jefferies Financial Group reiterated a “buy” rating and set a $195.00 price target on shares of Middleby in a research report on Tuesday, March 31st. KeyCorp increased their price objective on shares of Middleby from $175.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. JPMorgan Chase & Co. increased their price objective on shares of Middleby from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Robert W. Baird set a $205.00 price objective on shares of Middleby in a research note on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $189.71.

Middleby Price Performance

Shares of NASDAQ:MIDD opened at $154.93 on Friday. The firm has a market cap of $7.00 billion, a PE ratio of -18.27 and a beta of 1.36. The firm’s fifty day moving average is $144.55 and its 200-day moving average is $145.53. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.96. The Middleby Corporation has a 52 week low of $110.82 and a 52 week high of $169.44.

Middleby (NASDAQ:MIDD) last released its earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.22. The business had revenue of $839.91 million for the quarter, compared to analyst estimates of $777.19 million. Middleby had a negative net margin of 11.46% and a positive return on equity of 15.94%. Middleby’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.08 earnings per share. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS. Sell-side analysts predict that The Middleby Corporation will post 9.56 earnings per share for the current year.

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.