Skylands Capital LLC Makes New Investment in The Middleby Corporation $MIDD

Skylands Capital LLC acquired a new stake in shares of The Middleby Corporation (NASDAQ:MIDD) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 17,350 shares of the industrial products company’s stock, valued at approximately $1,797,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Middleby during the 2nd quarter worth $676,035,000. Bank of America Corp DE acquired a new position in Middleby in the second quarter valued at $138,803,000. Sei Investments Co. boosted its holdings in Middleby by 6.5% in the first quarter. Sei Investments Co. now owns 803,383 shares of the industrial products company’s stock valued at $106,514,000 after acquiring an additional 49,228 shares during the last quarter. Cooke & Bieler LP boosted its holdings in Middleby by 47.6% in the third quarter. Cooke & Bieler LP now owns 932,553 shares of the industrial products company’s stock valued at $96,594,000 after acquiring an additional 300,557 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Middleby by 14.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 563,554 shares of the industrial products company’s stock valued at $74,716,000 after acquiring an additional 72,086 shares during the period. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on MIDD shares. Weiss Ratings lowered Middleby from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. JPMorgan Chase & Co. cut their price objective on Middleby from $147.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Oppenheimer reaffirmed an “outperform” rating and issued a $160.00 price objective (down from $205.00) on shares of Middleby in a research note on Wednesday, August 12th. Royal Bank Of Canada set a $147.00 price objective on Middleby in a research note on Tuesday, September 15th. Finally, Canaccord Genuity Group set a $160.00 target price on Middleby and gave the stock a “buy” rating in a report on Tuesday, September 1st. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Middleby currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.25.

Middleby Stock Up 0.5%

NASDAQ MIDD opened at $111.07 on Thursday. The stock has a market cap of $5.02 billion, a PE ratio of -11.99 and a beta of 1.32. The Middleby Corporation has a fifty-two week low of $102.14 and a fifty-two week high of $180.13. The business has a 50 day moving average price of $109.94 and a two-hundred day moving average price of $134.12. The company has a quick ratio of 1.10, a current ratio of 1.99 and a debt-to-equity ratio of 0.88.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings data on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.26. The company had revenue of $875.55 million during the quarter, compared to the consensus estimate of $836.99 million. Middleby had a negative net margin of 13.22% and a positive return on equity of 17.44%. Middleby’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter last year, the company earned $2.35 earnings per share. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. As a group, sell-side analysts predict that The Middleby Corporation will post 6.82 EPS for the current fiscal year.

Middleby Company Profile

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.