Fmr LLC Purchases 43,604 Shares of TransDigm Group Incorporated (NYSE:TDG)

Fmr LLC grew its position in TransDigm Group Incorporated (NYSE:TDG) by 2.3% in the third quarter, HoldingsChannel.com reports. The fund owned 1,920,181 shares of the aerospace company’s stock after buying an additional 43,604 shares during the quarter. Fmr LLC’s holdings in TransDigm Group were worth $2,740,348,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TDG. Dai ichi Life Insurance Company Ltd raised its position in TransDigm Group by 18.2% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 10,605 shares of the aerospace company’s stock valued at $15,135,000 after purchasing an additional 1,631 shares during the last quarter. DRW Securities LLC bought a new position in shares of TransDigm Group in the third quarter valued at about $701,000. Prosperity Financial Group Inc. lifted its position in TransDigm Group by 3.6% during the 3rd quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company’s stock worth $328,000 after buying an additional 8 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of TransDigm Group by 14.7% in the third quarter. Daiwa Securities Group Inc. now owns 6,938 shares of the aerospace company’s stock worth $9,901,000 after acquiring an additional 888 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its position in TransDigm Group by 2.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company’s stock valued at $530,980,000 after buying an additional 8,655 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TDG has been the subject of a number of research reports. Morgan Stanley lifted their price objective on TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Jefferies Financial Group dropped 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. Citigroup reduced their price objective on shares of TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $1,500.00 target price on shares of TransDigm Group in a research report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft lifted 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. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, TransDigm Group presently has a consensus rating of “Moderate Buy” and an average price target of $1,461.82.

Insider Buying and Selling at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at $29,659,098.16. The trade was a 20.25 % decrease in their position. The transaction was disclosed in a 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 Tuesday, October 15th. The shares were 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 directly owns 3,600 shares of the company’s stock, valued at approximately $5,046,300. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,944 shares of company stock worth $23,541,085. 4.96% of the stock is currently owned by company insiders.

TransDigm Group Trading Up 0.1 %

Shares of TransDigm Group stock opened at $1,261.52 on Tuesday. The firm has a market capitalization 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. The business’s 50-day moving average price is $1,357.52 and its 200-day moving average price is $1,317.87.

TransDigm Group Increases Dividend

The business also recently disclosed a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were issued a $75.00 dividend. The ex-dividend date was Friday, October 4th. This is an increase from TransDigm Group’s previous special dividend of $32.50.

TransDigm Group Company 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.