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

Janney Montgomery Scott LLC decreased its position in Taylor Devices, Inc. (NASDAQ:TAYD - Free Report) by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,027 shares of the industrial products company's stock after selling 8,954 shares during the quarter. Janney Montgomery Scott LLC owned 4.01% of Taylor Devices worth $5,245,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. MetLife Investment Management LLC acquired a new position in shares of Taylor Devices in the third quarter worth $70,000. FMR LLC increased its holdings in Taylor Devices by 1,138.6% during the 3rd quarter. FMR LLC now owns 1,796 shares of the industrial products company's stock worth $90,000 after purchasing an additional 1,651 shares during the period. BNP Paribas Financial Markets raised its position in 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 valued at $155,000 after purchasing an additional 2,239 shares in the last quarter. Barclays PLC boosted its stake 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 valued at $172,000 after buying an additional 2,621 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Taylor Devices during the second quarter worth about $546,000. 17.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Taylor Devices

In other news, CEO Timothy John Sopko bought 1,000 shares of Taylor Devices stock in a transaction that occurred on Monday, January 13th. The shares were purchased at an average price of $33.25 per share, for a total transaction 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. The trade was a 12.50 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 7.75% of the company's stock.

Taylor Devices Stock Down 0.3 %

NASDAQ:TAYD traded down $0.11 during mid-day trading on Thursday, reaching $33.85. 23,480 shares of the stock were exchanged, compared to its average volume of 38,214. The stock has a market capitalization of $106.29 million, a P/E ratio of 12.63 and a beta of 1.06. Taylor Devices, Inc. has a 1 year low of $29.95 and a 1 year high of $64.50. The company has a 50 day simple moving average of $40.29 and a 200-day simple moving average of $46.78.

Taylor Devices (NASDAQ:TAYD - Get Free Report) last announced its earnings results on Friday, January 3rd. The industrial products company reported $0.34 earnings per share 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 prior year, the business earned $0.56 earnings per share.

Analyst Upgrades and Downgrades

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

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.