6,585 Shares in Taylor Devices, Inc. (NASDAQ:TAYD) Acquired by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon Corp has acquired a new position in Taylor Devices, Inc. (NASDAQ:TAYD), purchasing 6,585 shares valued at approximately $212,000.
• Other hedge funds, including Dimensional Fund Advisors and JPMorgan Chase, have significantly increased their stakes in Taylor Devices, indicating growing institutional interest in the company.
• Taylor Devices, which specializes in manufacturing shock absorption and energy storage devices, has a market capitalization of $139.04 million and a P/E ratio of 17.71.

Bank of New York Mellon Corp bought a new position in Taylor Devices, Inc. (NASDAQ:TAYD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 6,585 shares of the industrial products company's stock, valued at approximately $212,000. Bank of New York Mellon Corp owned about 0.21% of Taylor Devices as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Taylor Devices by 28.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 45,772 shares of the industrial products company's stock valued at $1,905,000 after purchasing an additional 10,224 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Taylor Devices by 577.9% during the 4th quarter. JPMorgan Chase & Co. now owns 7,010 shares of the industrial products company's stock valued at $292,000 after purchasing an additional 5,976 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Taylor Devices by 9.1% during the 4th quarter. Geode Capital Management LLC now owns 67,425 shares of the industrial products company's stock valued at $2,807,000 after purchasing an additional 5,611 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Taylor Devices by 23.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 24,505 shares of the industrial products company's stock valued at $1,020,000 after purchasing an additional 4,700 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Taylor Devices by 16.8% during the 4th quarter. Northern Trust Corp now owns 27,587 shares of the industrial products company's stock valued at $1,148,000 after purchasing an additional 3,958 shares during the last quarter. Hedge funds and other institutional investors own 17.62% of the company's stock.

Taylor Devices Stock Performance

Shares of NASDAQ TAYD traded down $0.46 during midday trading on Friday, hitting $44.12. 2,602 shares of the company's stock traded hands, compared to its average volume of 8,976. Taylor Devices, Inc. has a 1 year low of $29.50 and a 1 year high of $64.50. The stock has a market capitalization of $138.54 million, a price-to-earnings ratio of 17.65 and a beta of 0.89. The firm has a fifty day moving average of $42.42 and a 200 day moving average of $36.39.

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.