UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 7,713 Shares of The Middleby Corporation $MIDD

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in shares of The Middleby Corporation (NASDAQ:MIDD) by 6.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 115,789 shares of the industrial products company’s stock after selling 7,713 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Middleby were worth $19,917,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Middleby during the second quarter valued at approximately $676,035,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Middleby by 49.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,772,249 shares of the industrial products company’s stock worth $858,161,000 after acquiring an additional 1,902,957 shares during the last quarter. Invesco Ltd. grew its position in shares of Middleby by 1,046.4% during the 3rd quarter. Invesco Ltd. now owns 1,018,536 shares of the industrial products company’s stock valued at $135,394,000 after acquiring an additional 929,688 shares during the period. Bank of America Corp DE bought a new stake in shares of Middleby during the 2nd quarter valued at $138,803,000. Finally, T. Rowe Price Investment Management Inc. increased its stake in shares of Middleby by 4,256.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 722,137 shares of the industrial products company’s stock worth $107,361,000 after purchasing an additional 705,560 shares in the last quarter. Hedge funds and other institutional investors own 98.55% of the company’s stock.

Middleby Stock Performance

Shares of NASDAQ MIDD opened at $111.75 on Friday. The company has a market cap of $5.05 billion, a P/E ratio of -12.07 and a beta of 1.31. The Middleby Corporation has a 52-week low of $109.68 and a 52-week high of $180.13. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.10 and a current ratio of 1.99. The firm’s fifty day moving average is $131.41 and its two-hundred day moving average is $143.65.

Middleby (NASDAQ:MIDD) last released its quarterly earnings data on Tuesday, August 11th. The industrial products company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.09 by $0.26. Middleby had a negative net margin of 13.22% and a positive return on equity of 17.44%. The business had revenue of $875.55 million during the quarter, compared to the consensus estimate of $836.99 million. During the same quarter in the prior year, the firm earned $2.35 EPS. The business’s revenue was down 10.5% on a year-over-year basis. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. As a group, analysts anticipate that The Middleby Corporation will post 6.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MIDD has been the subject of a number of analyst reports. Zacks Research cut Middleby from a “hold” rating to a “strong sell” rating in a research report on Friday, August 14th. Weiss Ratings downgraded Middleby from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. Canaccord Genuity Group set a $160.00 target price on shares of Middleby and gave the stock a “buy” rating in a research note on Tuesday. Jefferies Financial Group lowered their price target on shares of Middleby from $200.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Finally, Robert W. Baird lowered shares of Middleby from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Middleby presently has an average rating of “Hold” and an average target price of $160.43.

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.

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.