Chase Investment Counsel Corp Invests $256,000 in TransDigm Group Incorporated (NYSE:TDG)

Chase Investment Counsel Corp acquired a new position in TransDigm Group Incorporated (NYSE:TDG) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 180 shares of the aerospace company’s stock, valued at approximately $256,000.

Several other institutional investors have also added to or reduced their stakes in the company. Souders Financial Advisors lifted its stake in shares of TransDigm Group by 1.0% during the 3rd quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock worth $1,137,000 after acquiring an additional 8 shares during the last quarter. Haverford Trust Co lifted its position in shares of TransDigm Group by 4.7% during the third quarter. Haverford Trust Co now owns 1,129 shares of the aerospace company’s stock worth $1,611,000 after purchasing an additional 51 shares during the last quarter. Aigen Investment Management LP purchased a new stake in shares of TransDigm Group during the third quarter valued at $1,867,000. Prime Capital Investment Advisors LLC grew its holdings in shares of TransDigm Group by 15.3% in the third quarter. Prime Capital Investment Advisors LLC now owns 3,880 shares of the aerospace company’s stock worth $5,537,000 after purchasing an additional 514 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in TransDigm Group by 1.6% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 123,240 shares of the aerospace company’s stock worth $175,880,000 after buying an additional 1,988 shares during the period. Institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TDG shares. JPMorgan Chase & Co. boosted their price objective on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft increased their price objective on TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Northcoast Research initiated coverage on TransDigm Group in a research report on Thursday, August 1st. They set a “neutral” rating for the company. Susquehanna raised their price target on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Finally, Morgan Stanley raised their target price on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,461.82.

TransDigm Group Stock Down 1.5 %

TransDigm Group stock opened at $1,354.52 on Wednesday. TransDigm Group Incorporated has a 52 week low of $949.99 and a 52 week high of $1,451.32. The firm has a market cap of $76.16 billion, a price-to-earnings ratio of 52.91, a price-to-earnings-growth ratio of 1.87 and a beta of 1.43. The business’s 50-day moving average price is $1,368.17 and its 200 day moving average price is $1,318.02.

TransDigm Group Increases Dividend

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

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,953,204. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the transaction, the director now owns 21,548 shares in the company, valued at $30,228,611.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,953,204. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,944 shares of company stock valued at $23,541,085. Corporate insiders own 4.96% of the company’s stock.

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.