Barclays PLC boosted its stake in shares of Taylor Devices, Inc. (NASDAQ:TAYD – Free Report) by 325.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,426 shares of the industrial products company’s stock after buying an additional 2,621 shares during the quarter. Barclays PLC’s holdings in Taylor Devices were worth $172,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. MetLife Investment Management LLC bought a new position in shares of Taylor Devices during the 3rd quarter valued at approximately $70,000. Rhumbline Advisers bought a new position in Taylor Devices during the second quarter valued at $86,000. FMR LLC increased its position 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 last quarter. BNP Paribas Financial Markets increased its position in Taylor Devices by 261.3% in the third quarter. BNP Paribas Financial Markets now owns 3,096 shares of the industrial products company’s stock worth $155,000 after buying an additional 2,239 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Taylor Devices in the second quarter valued at $286,000. Hedge funds and other institutional investors own 17.62% of the company’s stock.
Taylor Devices Stock Down 1.3 %
NASDAQ TAYD opened at $34.33 on Wednesday. The firm has a market cap of $107.08 million, a P/E ratio of 11.84 and a beta of 1.06. The company’s 50 day moving average is $44.29 and its 200-day moving average is $47.93. Taylor Devices, Inc. has a 12-month low of $22.22 and a 12-month high of $64.50.
Analysts Set New Price Targets
Separately, StockNews.com lowered Taylor Devices from a “strong-buy” rating to a “hold” rating in a report on Monday.
Read Our Latest Research Report on TAYD
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.
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