Martin & Co. Inc. TN Buys 8,717 Shares of Taylor Devices, Inc. $TAYD

Martin & Co. Inc. TN raised its stake in shares of Taylor Devices, Inc. (NASDAQ:TAYD) by 46.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 27,536 shares of the industrial products company’s stock after buying an additional 8,717 shares during the period. Martin & Co. Inc. TN’s holdings in Taylor Devices were worth $1,351,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Taylor Devices by 2.1% in the third quarter. Vanguard Group Inc. now owns 151,867 shares of the industrial products company’s stock worth $7,451,000 after acquiring an additional 3,121 shares during the period. Ameriprise Financial Inc. bought a new position in Taylor Devices in the second quarter valued at about $4,361,000. De Lisle Partners LLP boosted its position in Taylor Devices by 1.4% in the second quarter. De Lisle Partners LLP now owns 42,876 shares of the industrial products company’s stock worth $1,881,000 after purchasing an additional 600 shares during the last quarter. RBF Capital LLC bought a new stake in shares of Taylor Devices during the 2nd quarter valued at about $1,085,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Taylor Devices by 29.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 21,300 shares of the industrial products company’s stock valued at $924,000 after purchasing an additional 4,888 shares during the last quarter. 17.62% of the stock is currently owned by hedge funds and other institutional investors.

Taylor Devices Trading Up 8.1%

NASDAQ:TAYD opened at $84.71 on Wednesday. The stock has a 50-day moving average price of $68.75 and a 200 day moving average price of $54.12. Taylor Devices, Inc. has a 12-month low of $29.50 and a 12-month high of $86.00. The stock has a market capitalization of $266.84 million, a P/E ratio of 26.89 and a beta of 0.97.

Taylor Devices (NASDAQ:TAYD) last posted its quarterly earnings results on Wednesday, December 31st. The industrial products company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.11. The business had revenue of $11.60 million during the quarter, compared to the consensus estimate of $10.40 million. Taylor Devices had a return on equity of 15.75% and a net margin of 20.75%.

Analyst Ratings Changes

A number of research firms recently issued reports on TAYD. Freedom Capital downgraded shares of Taylor Devices from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Wall Street Zen upgraded shares of Taylor Devices from a “hold” rating to a “strong-buy” rating in a research report on Saturday, January 3rd. Finally, Weiss Ratings raised shares of Taylor Devices from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Taylor Devices Company 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.