TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC decreased its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 8.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,977 shares of the aerospace company’s stock after selling 6,019 shares during the quarter. Lord Abbett & CO. LLC owned 0.12% of TransDigm Group worth $97,012,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. First Personal Financial Services purchased a new position in TransDigm Group in the third quarter valued at $29,000. Erste Asset Management GmbH acquired a new stake in shares of TransDigm Group during the 3rd quarter valued at about $29,000. DT Investment Partners LLC increased its stake in shares of TransDigm Group by 68.8% in the 3rd 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 in the last quarter. Meeder Asset Management Inc. raised its holdings in TransDigm Group by 275.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 22 shares during the period. Finally, Hershey Financial Advisers LLC purchased a new position in TransDigm Group during the second quarter worth approximately $41,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Trading Up 1.5 %

Shares of TDG stock opened at $1,259.12 on Friday. TransDigm Group Incorporated has a twelve month low of $972.08 and a twelve month high of $1,451.32. The stock has a market cap of $70.80 billion, a price-to-earnings ratio of 49.18, a PEG ratio of 2.86 and a beta of 1.39. The company’s 50-day moving average price is $1,317.27 and its 200-day moving average price is $1,313.01.

TransDigm Group Increases Dividend

The company also recently declared a special dividend, which was paid on Friday, October 18th. Stockholders 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.

Wall Street Analyst Weigh In

TDG has been the subject of a number of recent analyst reports. Citigroup boosted their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Wells Fargo & Company cut their price target on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating for the company in a report on Wednesday. KeyCorp increased their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of 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. Finally, JPMorgan Chase & Co. raised their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, TransDigm Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,465.47.

Insider Transactions at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was 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 of the company’s stock, valued at approximately $4,953,204. This trade represents a 45.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at approximately $30,228,611.80. This trade represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,944 shares of company stock worth $23,541,085 in the last 90 days. Insiders own 4.96% of the company’s stock.

TransDigm Group Profile

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.