Clarkston Capital Partners LLC Purchases 139,637 Shares of The Middleby Corporation $MIDD

Clarkston Capital Partners LLC boosted its holdings in The Middleby Corporation (NASDAQ:MIDD) by 21.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 788,809 shares of the industrial products company’s stock after purchasing an additional 139,637 shares during the quarter. Middleby makes up 2.7% of Clarkston Capital Partners LLC’s portfolio, making the stock its 9th biggest holding. Clarkston Capital Partners LLC’s holdings in Middleby were worth $117,272,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. SG Capital Management LLC acquired a new position in Middleby in the third quarter valued at $55,260,000. Broyhill Asset Management LLC acquired a new position in Middleby in the third quarter valued at $2,455,000. M&T Bank Corp acquired a new position in Middleby in the fourth quarter valued at $15,085,000. Tudor Investment Corp ET AL increased its stake in Middleby by 45.5% in the third quarter. Tudor Investment Corp ET AL now owns 75,950 shares of the industrial products company’s stock valued at $10,096,000 after purchasing an additional 23,737 shares during the last quarter. Finally, Eschler Asset Management LLP acquired a new position in Middleby in the third quarter valued at $931,000. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Middleby Price Performance

MIDD stock opened at $158.50 on Friday. The stock has a 50-day moving average price of $147.23 and a two-hundred day moving average price of $147.06. The Middleby Corporation has a 12-month low of $110.82 and a 12-month high of $169.44. The company has a current ratio of 1.96, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. The company has a market cap of $7.17 billion, a PE ratio of -18.69 and a beta of 1.36.

Middleby (NASDAQ:MIDD) last posted its quarterly earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.22. Middleby had a positive return on equity of 15.94% and a negative net margin of 11.46%.The firm had revenue of $839.91 million during the quarter, compared to the consensus estimate of $777.19 million. During the same quarter in the previous year, the business earned $2.08 earnings per share. The firm’s quarterly revenue 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. As a group, research analysts predict that The Middleby Corporation will post 9.56 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Barclays reiterated an “overweight” rating and issued a $190.00 target price (up from $168.00) on shares of Middleby in a research note on Friday, May 8th. Canaccord Genuity Group set a $200.00 target price on Middleby in a research note on Friday, May 8th. JPMorgan Chase & Co. upped their target price on Middleby from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Jefferies Financial Group reissued a “buy” rating and set a $195.00 price target on shares of Middleby in a research report on Tuesday, March 31st. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Middleby in a research report on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Middleby presently has a consensus rating of “Moderate Buy” and an average price target of $189.71.

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.