De Lisle Partners LLP Invests $2.70 Million in Taylor Devices, Inc. $TAYD

De Lisle Partners LLP bought a new position in shares of Taylor Devices, Inc. (NASDAQ:TAYD) during the second quarter, Holdings Channel reports. The firm bought 46,048 shares of the industrial products company’s stock, valued at approximately $2,699,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its position in shares of Taylor Devices by 68.2% during the 4th quarter. Royal Bank of Canada now owns 740 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 300 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Taylor Devices by 253.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,014 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 727 shares during the period. Bank of America Corp DE lifted its stake in Taylor Devices by 16.3% in the second quarter. Bank of America Corp DE now owns 2,153 shares of the industrial products company’s stock valued at $93,000 after purchasing an additional 301 shares during the last quarter. Rhumbline Advisers lifted its stake in Taylor Devices by 24.8% in the first quarter. Rhumbline Advisers now owns 2,357 shares of the industrial products company’s stock valued at $76,000 after purchasing an additional 468 shares during the last quarter. Finally, Deutsche Bank AG bought a new position in Taylor Devices during the second quarter valued at $189,000. 17.62% of the stock is currently owned by hedge funds and other institutional investors.

Taylor Devices Trading Up 4.9%

Taylor Devices stock opened at $58.52 on Friday. Taylor Devices, Inc. has a 1-year low of $40.50 and a 1-year high of $90.37. The firm has a market capitalization of $188.43 million, a PE ratio of 22.25 and a beta of 0.94. The firm’s 50 day simple moving average is $55.49 and its 200 day simple moving average is $61.96.

Taylor Devices (NASDAQ:TAYD) last announced its quarterly earnings results on Tuesday, August 18th. The industrial products company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.28). The firm had revenue of $8.95 million during the quarter, compared to the consensus estimate of $12.80 million. Taylor Devices had a net margin of 20.56% and a return on equity of 12.49%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Weiss Ratings downgraded Taylor Devices from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday. Freedom Capital raised Taylor Devices from a “hold” rating to a “strong-buy” rating in a report on Thursday. Finally, Wall Street Zen downgraded Taylor Devices from a “buy” rating to a “hold” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

About Taylor Devices

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.