WINTON GROUP Ltd Purchases New Holdings in The Middleby Corporation $MIDD

WINTON GROUP Ltd acquired a new position in The Middleby Corporation (NASDAQ:MIDD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 37,938 shares of the industrial products company’s stock, valued at approximately $5,463,000.

A number of other institutional investors have also recently bought and sold shares of MIDD. California Public Employees Retirement System raised its stake in shares of Middleby by 0.9% during the 2nd quarter. California Public Employees Retirement System now owns 93,124 shares of the industrial products company’s stock worth $13,410,000 after purchasing an additional 809 shares during the period. Jump Financial LLC purchased a new stake in Middleby during the second quarter worth about $470,000. Cresset Asset Management LLC purchased a new position in Middleby in the second quarter valued at about $202,000. EverSource Wealth Advisors LLC grew 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 valued at $47,000 after acquiring an additional 241 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Middleby by 55.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 157,555 shares of the industrial products company’s stock worth $22,688,000 after purchasing an additional 56,161 shares during the last quarter. Institutional investors own 98.55% of the company’s stock.

Middleby Stock Up 0.3%

Shares of NASDAQ:MIDD opened at $126.27 on Monday. The firm has a fifty day moving average price of $126.09 and a two-hundred day moving average price of $135.78. The company has a market cap of $6.36 billion, a price-to-earnings ratio of -28.70 and a beta of 1.39. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.07 and a quick ratio of 1.10. The Middleby Corporation has a one year low of $110.82 and a one year high of $182.73.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings data on Thursday, November 6th. The industrial products company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.34. The company had revenue of $982.13 million for the quarter, compared to the consensus estimate of $961.21 million. Middleby had a positive return on equity of 14.66% and a negative net margin of 5.22%.The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.33 earnings per share. Middleby has set its FY 2025 guidance at 8.990-9.140 EPS and its Q4 2025 guidance at 2.190-2.340 EPS. Analysts anticipate that The Middleby Corporation will post 9.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wall Street Zen raised Middleby from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Zacks Research raised Middleby from a “strong sell” rating to a “hold” rating in a research report on Monday, October 27th. Canaccord Genuity Group lifted their target price on shares of Middleby from $171.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. raised shares of Middleby from an “underweight” rating to a “neutral” rating and lowered their target price for the company from $140.00 to $125.00 in a report on Friday, November 7th. Finally, Wolfe Research set a $163.00 price target on Middleby and gave the company an “outperform” rating in a research report on Thursday, September 4th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $161.14.

About Middleby

The Middleby Corporation designs, markets, manufactures, distributes, and services foodservice, food processing, and residential kitchen equipment worldwide. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispensers, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing.