The Middleby Corporation $MIDD Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. cut its stake in shares of The Middleby Corporation (NASDAQ:MIDD) by 94.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,662 shares of the industrial products company’s stock after selling 42,997 shares during the period. Rockefeller Capital Management L.P.’s holdings in Middleby were worth $396,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of MIDD. Corient Private Wealth LLC boosted its holdings in shares of Middleby by 107.0% in the fourth quarter. Corient Private Wealth LLC now owns 16,201 shares of the industrial products company’s stock worth $2,409,000 after buying an additional 8,373 shares during the period. Hsbc Holdings PLC purchased a new stake in shares of Middleby in the 4th quarter valued at approximately $2,464,000. Aristides Capital LLC acquired a new position in Middleby in the 4th quarter worth approximately $249,000. Kera Capital Partners Inc. boosted its stake in Middleby by 44.9% in the 4th quarter. Kera Capital Partners Inc. now owns 2,589 shares of the industrial products company’s stock worth $381,000 after purchasing an additional 802 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its position in Middleby by 4,256.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 722,137 shares of the industrial products company’s stock worth $107,361,000 after purchasing an additional 705,560 shares in the last quarter. Institutional investors and hedge funds own 98.55% of the company’s stock.

Analyst Upgrades and Downgrades

MIDD has been the subject of a number of research analyst reports. Robert W. Baird set a $205.00 target price on Middleby in a report on Friday, May 8th. Barclays reissued 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. Canaccord Genuity Group set a $200.00 price objective on Middleby in a research report on Friday, May 8th. Oppenheimer began coverage on Middleby in a research note on Wednesday, June 17th. They set an “outperform” rating and a $205.00 target price on the stock. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $195.00 target price on shares of Middleby in a report on Tuesday, March 31st. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.62.

Middleby Stock Performance

NASDAQ MIDD opened at $175.12 on Monday. 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 Middleby Corporation has a 1-year low of $110.82 and a 1-year high of $176.44. The firm’s fifty day simple moving average is $156.08 and its 200-day simple moving average is $151.73. The company has a market capitalization of $7.92 billion, a PE ratio of -20.65 and a beta of 1.33.

Middleby (NASDAQ:MIDD) last issued 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. 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 for the quarter, compared to the consensus estimate of $777.19 million. During the same quarter in the previous year, the company posted $2.08 earnings per share. The business’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, sell-side analysts anticipate that The Middleby Corporation will post 9.58 earnings per share for the current fiscal year.

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.