New York State Teachers Retirement System Sells 10,933 Shares of The Middleby Corporation $MIDD

New York State Teachers Retirement System reduced its stake in shares of The Middleby Corporation (NASDAQ:MIDD) by 18.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,718 shares of the industrial products company’s stock after selling 10,933 shares during the quarter. New York State Teachers Retirement System’s holdings in Middleby were worth $7,243,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Torren Management LLC bought a new stake in Middleby during the fourth quarter worth approximately $25,000. Danske Bank A S bought a new stake in Middleby during the third quarter worth approximately $27,000. TFC Financial Management Inc. grew its stake in shares of Middleby by 23,000.0% during the third quarter. TFC Financial Management Inc. now owns 231 shares of the industrial products company’s stock valued at $31,000 after buying an additional 230 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Middleby by 135.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 245 shares of the industrial products company’s stock valued at $33,000 after buying an additional 141 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Middleby during the third quarter valued at approximately $46,000. 98.55% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MIDD has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Middleby in a research note on Friday. KeyCorp upped their target price on Middleby from $175.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. JPMorgan Chase & Co. cut their target price on Middleby from $180.00 to $150.00 and set a “neutral” rating on the stock in a research note on Friday, April 10th. Jefferies Financial Group reaffirmed a “buy” rating and set a $195.00 target price on shares of Middleby in a research note on Tuesday, March 31st. Finally, Robert W. Baird upped their target price on Middleby from $159.00 to $197.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Middleby has a consensus rating of “Moderate Buy” and an average price target of $178.57.

Middleby Stock Up 1.6%

Shares of NASDAQ MIDD opened at $139.46 on Wednesday. The company has a current ratio of 2.57, a quick ratio of 1.92 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $6.50 billion, a PE ratio of -24.34 and a beta of 1.34. The stock’s fifty day simple moving average is $144.20 and its two-hundred day simple moving average is $141.73. The Middleby Corporation has a 12-month low of $110.82 and a 12-month high of $169.44.

Middleby (NASDAQ:MIDD) last announced its earnings results on Thursday, February 26th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.15. The business had revenue of $334.59 million for the quarter, compared to analysts’ expectations of $1.01 billion. Middleby had a positive return on equity of 14.57% and a negative net margin of 7.44%.The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.88 EPS. Middleby has set its FY 2026 guidance at 9.200-9.360 EPS and its Q1 2026 guidance at 1.900-2.020 EPS. As a group, analysts expect that The Middleby Corporation will post 9.23 EPS for the current fiscal year.

About Middleby

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.