Janney Montgomery Scott LLC Has $5.25 Million Stock Holdings in Taylor Devices, Inc. (NASDAQ:TAYD)

Janney Montgomery Scott LLC reduced its stake in shares of Taylor Devices, Inc. (NASDAQ:TAYD) by 6.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 126,027 shares of the industrial products company’s stock after selling 8,954 shares during the period. Janney Montgomery Scott LLC owned approximately 4.01% of Taylor Devices worth $5,245,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of TAYD. Scalar Gauge Management LLC acquired a new stake in Taylor Devices during the 3rd quarter worth approximately $681,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Taylor Devices during the 2nd quarter worth approximately $546,000. Courier Capital LLC grew its stake in shares of Taylor Devices by 19.3% during the 4th quarter. Courier Capital LLC now owns 47,721 shares of the industrial products company’s stock worth $1,986,000 after acquiring an additional 7,721 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Taylor Devices by 22.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 32,290 shares of the industrial products company’s stock worth $1,452,000 after acquiring an additional 5,890 shares in the last quarter. Finally, Ritholtz Wealth Management grew its stake in shares of Taylor Devices by 60.3% during the 3rd quarter. Ritholtz Wealth Management now owns 14,781 shares of the industrial products company’s stock worth $738,000 after acquiring an additional 5,561 shares in the last quarter. 17.62% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Timothy John Sopko bought 1,000 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was bought at an average price of $33.25 per share, with a total value of $33,250.00. Following the completion of the acquisition, the chief executive officer now owns 9,000 shares of the company’s stock, valued at $299,250. This represents a 12.50 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 7.75% of the company’s stock.

Taylor Devices Trading Up 0.8 %

NASDAQ:TAYD opened at $33.96 on Thursday. Taylor Devices, Inc. has a 1-year low of $29.26 and a 1-year high of $64.50. The firm has a fifty day simple moving average of $40.49 and a 200 day simple moving average of $46.87. The stock has a market capitalization of $106.50 million, a PE ratio of 12.67 and a beta of 1.06.

Taylor Devices (NASDAQ:TAYD) last released its quarterly earnings data on Friday, January 3rd. The industrial products company reported $0.34 EPS for the quarter. Taylor Devices had a net margin of 19.99% and a return on equity of 17.04%. During the same quarter in the previous year, the business earned $0.56 earnings per share.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Taylor Devices from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd.

Taylor Devices 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.