Janney Montgomery Scott LLC Sells 9,682 Shares of Taylor Devices, Inc. $TAYD

Janney Montgomery Scott LLC decreased its position 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 fund owned 109,775 shares of the industrial products company’s stock after selling 9,682 shares during the quarter. Janney Montgomery Scott LLC owned 3.41% of Taylor Devices worth $6,257,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in TAYD. Royal Bank of Canada boosted its stake in Taylor Devices by 68.2% during the 4th quarter. Royal Bank of Canada now owns 740 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 300 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Taylor Devices by 253.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,014 shares of the industrial products company’s stock valued at $44,000 after buying an additional 727 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Taylor Devices by 24.8% during the first quarter. Rhumbline Advisers now owns 2,357 shares of the industrial products company’s stock valued at $76,000 after buying an additional 468 shares during the last quarter. Bank of America Corp DE increased its holdings in Taylor Devices by 16.3% in the 2nd quarter. Bank of America Corp DE now owns 2,153 shares of the industrial products company’s stock worth $93,000 after buying an additional 301 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new position in Taylor Devices in the 3rd quarter worth about $205,000. 17.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Taylor Devices news, Director Robert Michael Carey sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $56.73, for a total transaction of $283,650.00. Following the sale, the director owned 7,721 shares in the company, valued at approximately $438,012.33. This trade represents a 39.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.88% of the company’s stock.

Taylor Devices Stock Performance

NASDAQ:TAYD opened at $57.05 on Friday. The stock has a 50-day simple moving average of $54.24 and a two-hundred day simple moving average of $64.78. The firm has a market capitalization of $183.70 million, a PE ratio of 17.29 and a beta of 0.92. Taylor Devices, Inc. has a 52-week low of $40.50 and a 52-week high of $90.37.

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.