Rockefeller Capital Management L.P. Purchases 2,224 Shares of TransDigm Group Incorporated (NYSE:TDG)

Rockefeller Capital Management L.P. grew its position in TransDigm Group Incorporated (NYSE:TDG) by 17.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,721 shares of the aerospace company’s stock after purchasing an additional 2,224 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in TransDigm Group were worth $21,004,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of TDG. Fortitude Family Office LLC increased its stake in shares of TransDigm Group by 283.3% in the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 17 shares in the last quarter. First Personal Financial Services acquired a new stake in TransDigm Group in the third quarter worth $29,000. Meeder Asset Management Inc. grew 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 worth $38,000 after purchasing an additional 22 shares during the period. DT Investment Partners LLC raised 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 purchasing an additional 11 shares during the period. Finally, Hershey Financial Advisers LLC bought a new position in shares of TransDigm Group during the 2nd quarter worth about $41,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TransDigm Group 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 transaction of $7,676,395.20. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at approximately $30,228,611.80. This trade represents a 20.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the firm’s 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 sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,953,204. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,944 shares of company stock valued at $23,541,085 over the last quarter. 4.96% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TDG. UBS Group decreased their target price on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on TransDigm Group from $1,524.00 to $1,577.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Jefferies Financial Group reduced 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 report on Tuesday, August 13th. Wells Fargo & Company lowered their price objective on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 7th. Finally, StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,461.82.

TransDigm Group Trading Up 0.3 %

TDG opened at $1,252.97 on Monday. 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 $1,346.89 and its 200-day moving average price is $1,316.87. The company has a market cap of $70.45 billion, a P/E ratio of 48.94, a P/E/G ratio of 2.82 and a beta of 1.43.

TransDigm Group Increases Dividend

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

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.