Geode Capital Management LLC Acquires 3,636 Shares of Taylor Devices, Inc. (NASDAQ:TAYD)

Geode Capital Management LLC boosted its stake in Taylor Devices, Inc. (NASDAQ:TAYD) by 6.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 61,814 shares of the industrial products company’s stock after purchasing an additional 3,636 shares during the quarter. Geode Capital Management LLC’s holdings in Taylor Devices were worth $3,087,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. MetLife Investment Management LLC bought a new stake in shares of Taylor Devices during the 3rd quarter valued at about $70,000. FMR LLC lifted its holdings in Taylor Devices by 1,138.6% in the third quarter. FMR LLC now owns 1,796 shares of the industrial products company’s stock worth $90,000 after buying an additional 1,651 shares during the period. Rhumbline Advisers bought a new stake in Taylor Devices during the 2nd quarter valued at approximately $86,000. BNP Paribas Financial Markets raised its position in shares of Taylor Devices by 261.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,096 shares of the industrial products company’s stock worth $155,000 after acquiring an additional 2,239 shares in the last quarter. Finally, Barclays PLC raised its position in shares of Taylor Devices by 325.6% in the 3rd quarter. Barclays PLC now owns 3,426 shares of the industrial products company’s stock worth $172,000 after acquiring an additional 2,621 shares in the last quarter. 17.62% of the stock is owned by hedge funds and other institutional investors.

Taylor Devices Price Performance

Shares of NASDAQ TAYD opened at $34.77 on Tuesday. Taylor Devices, Inc. has a 1 year low of $22.22 and a 1 year high of $64.50. The firm has a 50-day moving average of $44.77 and a 200 day moving average of $48.04. The stock has a market cap of $108.45 million, a P/E ratio of 11.99 and a beta of 1.06.

Taylor Devices (NASDAQ:TAYD) last released its earnings results on Friday, January 3rd. The industrial products company reported $0.34 earnings per share (EPS) for the quarter. Taylor Devices had a net margin of 21.22% and a return on equity of 18.95%. During the same quarter last year, the business earned $0.56 earnings per share.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Taylor Devices from a “strong-buy” rating to a “hold” rating in a research note on Monday.

Taylor Devices Company Profile

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.