Corient Private Wealth LLC Boosts Stock Holdings in The Middleby Corporation $MIDD

Corient Private Wealth LLC lifted its position in The Middleby Corporation (NASDAQ:MIDD) by 107.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 16,201 shares of the industrial products company’s stock after acquiring an additional 8,373 shares during the quarter. Corient Private Wealth LLC’s holdings in Middleby were worth $2,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its position in shares of Middleby by 49.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,772,249 shares of the industrial products company’s stock worth $858,161,000 after acquiring an additional 1,902,957 shares during the period. Invesco Ltd. grew its position in shares of Middleby by 1,046.4% during the 3rd quarter. Invesco Ltd. now owns 1,018,536 shares of the industrial products company’s stock valued at $135,394,000 after acquiring an additional 929,688 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in shares of Middleby by 4,256.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 722,137 shares of the industrial products company’s stock valued at $107,361,000 after purchasing an additional 705,560 shares in the last quarter. Cooke & Bieler LP acquired a new position in Middleby in the 4th quarter worth about $48,113,000. Finally, Marshall Wace LLP raised its holdings in Middleby by 260.0% in the 3rd quarter. Marshall Wace LLP now owns 419,936 shares of the industrial products company’s stock worth $55,822,000 after purchasing an additional 303,293 shares during the period. 98.55% of the stock is owned by hedge funds and other institutional investors.

Middleby Stock Performance

MIDD stock opened at $173.36 on Monday. The Middleby Corporation has a 12-month low of $110.82 and a 12-month high of $176.44. The business’s 50-day moving average is $153.05 and its 200 day moving average is $150.64. 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 stock has a market cap of $7.84 billion, a price-to-earnings ratio of -20.44 and a beta of 1.36.

Middleby (NASDAQ:MIDD) last announced its earnings results on Thursday, May 7th. The industrial products company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.22. The business had revenue of $839.91 million during the quarter, compared to analysts’ expectations of $777.19 million. Middleby had a positive return on equity of 15.94% and a negative net margin of 11.46%.The business’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. On average, sell-side analysts anticipate that The Middleby Corporation will post 9.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Oppenheimer started coverage on Middleby in a report on Wednesday, June 17th. They issued an “outperform” rating and a $205.00 price objective on the stock. JPMorgan Chase & Co. upped their target price on Middleby from $150.00 to $185.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Middleby in a research report on Friday, May 1st. Canaccord Genuity Group set a $200.00 price target on shares of Middleby in a research note on Friday, May 8th. Finally, Barclays reissued an “overweight” rating and issued a $190.00 price target (up from $168.00) on shares of Middleby in a report on Friday, May 8th. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $191.62.

Middleby 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.