The Middleby Corporation $MIDD Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. decreased its position in shares of The Middleby Corporation (NASDAQ:MIDD) by 96.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,797 shares of the industrial products company’s stock after selling 328,589 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Middleby were worth $1,754,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. SG Capital Management LLC acquired a new stake in shares of Middleby in the third quarter valued at about $55,260,000. Broyhill Asset Management LLC acquired a new position in shares of Middleby in the 3rd quarter worth approximately $2,455,000. M&T Bank Corp acquired a new position in Middleby in the 4th quarter valued at about $15,085,000. Tudor Investment Corp ET AL lifted its holdings in Middleby by 45.5% during the 3rd quarter. Tudor Investment Corp ET AL now owns 75,950 shares of the industrial products company’s stock worth $10,096,000 after buying an additional 23,737 shares in the last quarter. Finally, Eschler Asset Management LLP acquired a new position in Middleby during the 3rd quarter worth $931,000. 98.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on MIDD shares. JPMorgan Chase & Co. lifted their price target on Middleby from $150.00 to $185.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Wall Street Zen upgraded shares of Middleby from a “hold” rating to a “buy” rating in a research note on Sunday. Jefferies Financial Group reissued a “buy” rating and issued a $195.00 target price on shares of Middleby in a report on Tuesday, March 31st. Canaccord Genuity Group set a $200.00 price target on shares of Middleby in a report on Friday, May 8th. Finally, Robert W. Baird set a $205.00 price target on shares of Middleby in a research report on Friday, May 8th. 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $189.71.

Middleby Trading Up 3.2%

Shares of MIDD stock opened at $163.52 on Tuesday. The firm’s 50-day simple moving average is $147.86 and its 200-day simple moving average is $147.61. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.96 and a quick ratio of 1.10. The Middleby Corporation has a 1-year low of $110.82 and a 1-year high of $169.44. The firm has a market cap of $7.39 billion, a P/E ratio of -19.28 and a beta of 1.36.

Middleby (NASDAQ:MIDD) last issued its earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.22. The firm had revenue of $839.91 million for 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 firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last 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. As a group, equities analysts forecast that The Middleby Corporation will post 9.56 EPS for the current year.

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.