Janney Montgomery Scott LLC Cuts Stock Position in Taylor Devices, Inc. $TAYD

Janney Montgomery Scott LLC cut its holdings in shares of Taylor Devices, Inc. (NASDAQ:TAYD) by 8.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,775 shares of the industrial products company’s stock after selling 9,682 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Taylor Devices were worth $6,257,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Susquehanna International Group LLP purchased a new stake in shares of Taylor Devices during the third quarter worth about $742,000. Dimensional Fund Advisors LP boosted its stake in Taylor Devices by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 69,543 shares of the industrial products company’s stock worth $4,067,000 after purchasing an additional 217 shares during the period. Punch & Associates Investment Management Inc. raised its position in shares of Taylor Devices by 2.6% during the third quarter. Punch & Associates Investment Management Inc. now owns 51,325 shares of the industrial products company’s stock valued at $2,518,000 after buying an additional 1,325 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Taylor Devices by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 35,509 shares of the industrial products company’s stock worth $2,077,000 after buying an additional 259 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Taylor Devices by 20.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 25,608 shares of the industrial products company’s stock worth $1,256,000 after acquiring an additional 4,308 shares during the last quarter. 17.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Taylor Devices

In other news, Director Robert Michael Carey sold 5,000 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $56.73, for a total value of $283,650.00. Following the sale, the director directly owned 7,721 shares in the company, valued at $438,012.33. The trade was a 39.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 8.88% of the stock is owned by insiders.

Taylor Devices Stock Performance

Shares of TAYD opened at $57.05 on Friday. The stock has a market capitalization of $183.70 million, a PE ratio of 17.29 and a beta of 0.92. The company’s fifty day moving average is $54.24 and its 200 day moving average is $64.78. Taylor Devices, Inc. has a fifty-two week low of $40.50 and a fifty-two week high of $90.37.

Analysts Set New Price Targets

A number of brokerages have issued reports on TAYD. Wall Street Zen upgraded shares of Taylor Devices from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings cut Taylor Devices from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Taylor Devices has an average rating of “Hold”.

Taylor Devices Profile

Taylor Devices, Inc is an engineering firm headquartered in North Tonawanda, New York, specializing in the design, development and manufacture of motion control products and engineered fluid-handling devices. The company’s core focus is on providing high-performance hydraulic dampers, fluid springs (also known as gas springs), shock absorbers and hydraulic accumulators that are used to manage energy and motion in a wide range of industrial and structural applications.

The company’s product portfolio includes industrial shock absorbers designed to cushion and decelerate moving parts in manufacturing and test-and-measurement systems, fluid viscous dampers for seismic protection of buildings and bridges, and fluid spring devices that combine the properties of a gas spring and a hydraulic damper.