New York Life Investment Management LLC Makes New $649,000 Investment in The Middleby Corporation $MIDD

New York Life Investment Management LLC acquired a new position in The Middleby Corporation (NASDAQ:MIDD) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,365 shares of the industrial products company’s stock, valued at approximately $649,000.

A number of other hedge funds also recently modified their holdings of the company. Cresset Asset Management LLC lifted its position in shares of Middleby by 7.6% in the 3rd quarter. Cresset Asset Management LLC now owns 1,509 shares of the industrial products company’s stock worth $201,000 after acquiring an additional 107 shares during the period. Syon Capital LLC lifted its position in shares of Middleby by 5.3% in the 3rd quarter. Syon Capital LLC now owns 2,386 shares of the industrial products company’s stock worth $317,000 after acquiring an additional 120 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of Middleby by 7.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,900 shares of the industrial products company’s stock worth $253,000 after acquiring an additional 138 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in shares of Middleby by 135.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 245 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 141 shares during the period. Finally, Torren Management LLC bought a new stake in shares of Middleby in the 4th quarter worth approximately $25,000. Institutional investors own 98.55% of the company’s stock.

Middleby Trading Up 1.3%

MIDD stock opened at $143.40 on Thursday. The company has a market cap of $6.48 billion, a P/E ratio of -16.91 and a beta of 1.34. The Middleby Corporation has a twelve month low of $110.82 and a twelve month high of $169.44. The company has a quick ratio of 1.10, a current ratio of 1.96 and a debt-to-equity ratio of 0.77. The business has a fifty day moving average of $141.85 and a 200-day moving average of $143.10.

Middleby (NASDAQ:MIDD) last released its earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.22. The company had revenue of $839.91 million during the quarter, compared to the consensus estimate of $777.19 million. Middleby had a positive return on equity of 15.94% and a negative net margin of 11.46%.The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $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. As a group, equities research analysts expect that The Middleby Corporation will post 9.56 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on MIDD. Wall Street Zen raised Middleby from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Canaccord Genuity Group set a $200.00 price target on Middleby in a research note on Friday, May 8th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $195.00 price target on shares of Middleby in a research note on Tuesday, March 31st. Zacks Research lowered Middleby from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th. Finally, JPMorgan Chase & Co. boosted their price target on Middleby from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.