TransDigm Group Incorporated (NYSE:TDG) Shares Bought by Fmr LLC

Fmr LLC increased its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,920,181 shares of the aerospace company’s stock after acquiring an additional 43,604 shares during the period. Fmr LLC owned about 3.41% of TransDigm Group worth $2,740,348,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Fortitude Family Office LLC lifted its holdings in TransDigm Group by 283.3% during the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after buying an additional 17 shares during the last quarter. First Personal Financial Services purchased a new stake in TransDigm Group during the third quarter worth approximately $29,000. Meeder Asset Management Inc. boosted its holdings in TransDigm Group by 275.0% in the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 22 shares in the last quarter. DT Investment Partners LLC increased its stake in TransDigm Group by 68.8% in the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 11 shares during the last quarter. Finally, Hershey Financial Advisers LLC acquired a new stake in TransDigm Group during the second quarter worth approximately $41,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Up 0.1 %

Shares of TDG stock opened at $1,261.52 on Tuesday. The business’s 50 day moving average is $1,357.52 and its two-hundred day moving average is $1,317.87. The company has a market cap of $70.94 billion, a PE ratio of 49.28, a price-to-earnings-growth ratio of 2.84 and a beta of 1.43. TransDigm Group Incorporated has a 12 month low of $949.99 and a 12 month high of $1,451.32.

TransDigm Group Increases Dividend

The company also recently declared a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were paid a dividend of $75.00 per share. This is a positive change from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

Insider Buying and Selling at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the sale, the director now directly owns 21,548 shares in the company, valued at approximately $29,659,098.16. This represents a 20.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $5,046,300. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,944 shares of company stock valued at $23,541,085 in the last quarter. Corporate insiders own 4.96% of the company’s stock.

Analyst Ratings Changes

TDG has been the topic of several research analyst reports. Wells Fargo & Company cut their price target on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a report on Wednesday, August 7th. KeyCorp raised their target price on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Jefferies Financial Group decreased their price target on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,461.82.

About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.