Taylor Devices, Inc. (NASDAQ:TAYD) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its stake in Taylor Devices, Inc. (NASDAQ:TAYD) by 0.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 134,981 shares of the industrial products company’s stock after purchasing an additional 871 shares during the quarter. Janney Montgomery Scott LLC owned about 3.83% of Taylor Devices worth $6,738,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Taylor Devices by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 56,441 shares of the industrial products company’s stock worth $2,809,000 after acquiring an additional 3,561 shares during the last quarter. Courier Capital LLC grew its holdings in shares of Taylor Devices by 14.3% in the second quarter. Courier Capital LLC now owns 40,000 shares of the industrial products company’s stock valued at $1,799,000 after purchasing an additional 5,000 shares during the period. Dimensional Fund Advisors LP increased its position in Taylor Devices by 22.3% during the second quarter. Dimensional Fund Advisors LP now owns 32,290 shares of the industrial products company’s stock worth $1,452,000 after purchasing an additional 5,890 shares during the last quarter. American Century Companies Inc. purchased a new position in Taylor Devices during the second quarter worth about $1,206,000. Finally, Elkhorn Partners Limited Partnership boosted its holdings in Taylor Devices by 47.2% in the 1st quarter. Elkhorn Partners Limited Partnership now owns 26,205 shares of the industrial products company’s stock valued at $1,304,000 after purchasing an additional 8,405 shares during the last quarter. Institutional investors and hedge funds own 17.62% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Taylor Devices from a “buy” rating to a “strong-buy” rating in a report on Friday.

Taylor Devices Stock Up 3.4 %

TAYD stock opened at $49.18 on Friday. Taylor Devices, Inc. has a 52-week low of $21.57 and a 52-week high of $64.50. The business has a fifty day moving average of $51.49 and a two-hundred day moving average of $49.25. The stock has a market cap of $153.44 million, a price-to-earnings ratio of 16.96 and a beta of 1.04.

Taylor Devices (NASDAQ:TAYD) last issued its quarterly earnings data on Friday, September 27th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter. Taylor Devices had a return on equity of 18.95% and a net margin of 21.22%. The firm had revenue of $11.62 million during the quarter.

About Taylor Devices

Taylor Devices, Inc engages in design, development, manufacture, and marketing of shock absorption, rate control, and energy storage devices for use in machinery, equipment, and structures in the United States, Asia, and internationally. Its products include seismic dampers that are designed to mitigate the effects of earthquakes on structures; Fluidicshoks, which are compact shock absorbers primarily used in defense, aerospace, and commercial industries; and crane and industrial buffers, which are larger versions of the Fluidicshoks for industrial application on cranes and crane trolleys, truck docks, ladle and ingot cars, ore trolleys, and train car stops.