Oppenheimer & Co. Inc. Grows Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Oppenheimer & Co. Inc. lifted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 0.9% during the third quarter, Holdings Channel.com reports. The fund owned 1,803 shares of the aerospace company’s stock after acquiring an additional 16 shares during the period. Oppenheimer & Co. Inc.’s holdings in TransDigm Group were worth $2,573,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several research firms have weighed in on TDG. Wells Fargo & Company dropped their price target on 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. JPMorgan Chase & Co. increased their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Royal Bank of Canada restated an “outperform” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft increased 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 note on Thursday, October 3rd. Finally, Morgan Stanley boosted 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. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,461.82.

TransDigm Group Trading Down 1.4 %

Shares of TDG opened at $1,254.16 on Friday. The firm has a market cap of $70.52 billion, a P/E ratio of 48.99, a PEG ratio of 2.41 and a beta of 1.43. The stock’s 50 day moving average is $1,366.93 and its two-hundred day moving average is $1,318.66. 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 business also recently disclosed a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were issued a dividend of $75.00 per share. This is an increase from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

Insider Activity

In other news, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $30,228,611.80. This trade represents a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,953,204. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,944 shares of company stock worth $23,541,085 over the last 90 days. 4.96% of the stock is currently owned by company insiders.

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.