Aviso Financial Inc. Boosts Holdings in The Middleby Corporation $MIDD

Aviso Financial Inc. boosted its holdings in shares of The Middleby Corporation (NASDAQ:MIDD) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,123 shares of the industrial products company’s stock after buying an additional 7,322 shares during the period. Middleby makes up 2.2% of Aviso Financial Inc.’s holdings, making the stock its 17th largest position. Aviso Financial Inc. owned approximately 0.66% of Middleby worth $47,826,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in shares of Middleby by 59.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,029,484 shares of the industrial products company’s stock worth $460,422,000 after acquiring an additional 1,133,931 shares during the period. Nuveen LLC purchased a new stake in shares of Middleby during the first quarter worth approximately $29,733,000. Epoch Investment Partners Inc. grew its stake in Middleby by 32.5% during the 1st quarter. Epoch Investment Partners Inc. now owns 578,496 shares of the industrial products company’s stock valued at $87,920,000 after acquiring an additional 141,769 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. boosted its stake in Middleby by 200.0% during the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 200,409 shares of the industrial products company’s stock worth $28,859,000 after buying an additional 133,608 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in Middleby by 27.0% during the second quarter. Franklin Resources Inc. now owns 621,794 shares of the industrial products company’s stock worth $89,538,000 after purchasing an additional 132,191 shares during the period. 98.55% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Middleby in a research report on Monday, November 17th. Canaccord Genuity Group reduced their price objective on shares of Middleby from $175.00 to $171.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Wall Street Zen upgraded shares of Middleby from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Barclays set a $168.00 price objective on shares of Middleby and gave the company an “overweight” rating in a research report on Tuesday, November 11th. Finally, Wolfe Research set a $163.00 price target on shares of Middleby and gave the company an “outperform” rating in a research report on Thursday, September 4th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $160.57.

Middleby Trading Down 1.6%

NASDAQ MIDD opened at $115.69 on Tuesday. The Middleby Corporation has a one year low of $110.82 and a one year high of $182.73. The company’s 50 day moving average price is $128.64 and its 200 day moving average price is $137.58. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.56 and a current ratio of 2.57. The firm has a market capitalization of $5.83 billion, a price-to-earnings ratio of 14.72 and a beta of 1.57.

Middleby (NASDAQ:MIDD) last posted its earnings results on Thursday, November 6th. The industrial products company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.34. Middleby had a return on equity of 14.14% and a net margin of 11.06%.The business had revenue of $982.13 million during the quarter, compared to analyst estimates of $961.21 million. During the same quarter last year, the firm earned $2.33 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. Middleby has set its FY 2025 guidance at 8.990-9.140 EPS. Q4 2025 guidance at 2.190-2.340 EPS. On average, sell-side analysts predict that The Middleby Corporation will post 9.11 EPS for the current year.

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.