Public Employees Retirement System of Ohio Invests $2.12 Million in The Middleby Corporation $MIDD

Public Employees Retirement System of Ohio acquired a new stake in shares of The Middleby Corporation (NASDAQ:MIDD) during the second quarter, HoldingsChannel.com reports. The fund acquired 12,352 shares of the industrial products company’s stock, valued at approximately $2,125,000.

A number of other institutional investors have also made changes to their positions in the stock. Clearstead Advisors LLC boosted its position in Middleby by 201.8% during the fourth quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 111 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Middleby in the second quarter valued at approximately $27,000. Danske Bank A S acquired a new stake in shares of Middleby in the third quarter worth $27,000. Larson Financial Group LLC lifted its stake in shares of Middleby by 1,292.9% in the fourth quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company’s stock worth $29,000 after buying an additional 181 shares during the last quarter. Finally, Elevation Wealth Partners LLC boosted its holdings in shares of Middleby by 553.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 170 shares of the industrial products company’s stock worth $29,000 after buying an additional 144 shares during the period. 98.55% of the stock is owned by institutional investors.

Trending Headlines about Middleby

Here are the key news stories impacting Middleby this week:

• Positive Sentiment: Zacks Research projects EPS growth from $6.84 in fiscal 2026 to $7.44 in fiscal 2027 and $7.99 in fiscal 2028, indicating expectations for improving profitability over the next two years.
• Neutral Sentiment: The firm forecasts quarterly EPS of $1.74 for Q3 2026 and $1.81 for Q4 2026. Its fiscal 2026 estimate of $6.84 is essentially in line with the broader consensus estimate of $6.85, suggesting little near-term earnings surprise.
• Negative Sentiment: Zacks Research reiterated a “Strong Sell” stance on Middleby, which can weigh on investor sentiment and likely contributes to the stock’s decrease. The near-term forecast also implies earnings remain below the company’s longer-term growth potential, with estimated EPS of $1.71 in Q1 2027 before gradually increasing in subsequent quarters.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MIDD. KeyCorp set a $152.00 target price on shares of Middleby in a report on Tuesday, July 14th. Zacks Research cut shares of Middleby from a “hold” rating to a “strong sell” rating in a report on Friday, August 14th. Weiss Ratings downgraded Middleby from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 18th. Seaport Research Partners set a $145.00 price objective on Middleby in a research note on Wednesday, August 12th. Finally, Wall Street Zen lowered Middleby from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $160.43.

Middleby Price Performance

Shares of Middleby stock opened at $111.75 on Monday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.99 and a quick ratio of 1.10. The firm has a fifty day moving average price of $131.41 and a two-hundred day moving average price of $143.51. The Middleby Corporation has a fifty-two week low of $109.68 and a fifty-two week high of $180.13. The company has a market cap of $5.05 billion, a PE ratio of -12.07 and a beta of 1.31.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings results on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.26. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%.The firm had revenue of $875.55 million for the quarter, compared to analyst estimates of $836.99 million. During the same period in the previous year, the company posted $2.35 earnings per share. The company’s quarterly revenue was down 10.5% compared to the same quarter last year. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. Analysts expect that The Middleby Corporation will post 6.85 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.