Bank of Montreal Can Cuts Stock Position in The Middleby Corporation $MIDD

Bank of Montreal Can decreased its holdings in shares of The Middleby Corporation (NASDAQ:MIDD) by 47.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 455,458 shares of the industrial products company’s stock after selling 419,289 shares during the period. Bank of Montreal Can owned about 0.90% of Middleby worth $60,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Middleby by 90.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 432 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 205 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Middleby by 6.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,149 shares of the industrial products company’s stock worth $23,884,000 after purchasing an additional 9,936 shares in the last quarter. Focus Partners Wealth increased its stake in shares of Middleby by 344.7% during the first quarter. Focus Partners Wealth now owns 2,228 shares of the industrial products company’s stock worth $339,000 after purchasing an additional 1,727 shares in the last quarter. Savant Capital LLC acquired a new position in shares of Middleby during the 2nd quarter worth about $225,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Middleby in the 2nd quarter valued at about $478,000. Institutional investors and hedge funds own 98.55% of the company’s stock.

Middleby Price Performance

NASDAQ:MIDD opened at $144.99 on Friday. The Middleby Corporation has a 52 week low of $110.82 and a 52 week high of $169.44. The stock’s fifty day moving average is $155.69 and its two-hundred day moving average is $140.85. The company has a market capitalization of $6.84 billion, a P/E ratio of -25.30 and a beta of 1.37. The company has a quick ratio of 1.92, a current ratio of 2.57 and a debt-to-equity ratio of 0.77.

Middleby (NASDAQ:MIDD) last posted its quarterly earnings data on Thursday, February 26th. The industrial products company reported $2.14 earnings per share for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.13). Middleby had a positive return on equity of 14.57% and a negative net margin of 7.44%.The company had revenue of $334.59 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the business posted $2.88 EPS. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. Middleby has set its FY 2026 guidance at 9.200-9.360 EPS and its Q1 2026 guidance at 1.900-2.020 EPS. Equities analysts expect that The Middleby Corporation will post 9.11 EPS for the current year.

Analyst Ratings Changes

MIDD has been the topic of several research analyst reports. Robert W. Baird lifted their price objective on Middleby from $159.00 to $197.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. KeyCorp raised their target price on Middleby from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Wall Street Zen lowered Middleby from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Zacks Research cut Middleby from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Finally, Canaccord Genuity Group set a $187.00 price objective on Middleby and gave the company a “buy” rating in a research note on Tuesday, February 24th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $174.17.

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.