Stifel Financial Corp Raises Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Stifel Financial Corp increased its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 10.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,360 shares of the aerospace company’s stock after purchasing an additional 5,116 shares during the period. Stifel Financial Corp’s holdings in TransDigm Group were worth $77,578,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in TDG. Royal London Asset Management Ltd. raised its holdings in shares of TransDigm Group by 3.1% in the third quarter. Royal London Asset Management Ltd. now owns 28,692 shares of the aerospace company’s stock worth $40,947,000 after buying an additional 858 shares during the last quarter. Parallax Volatility Advisers L.P. purchased a new stake in TransDigm Group in the 3rd quarter worth $1,624,000. Motley Fool Asset Management LLC raised its holdings in shares of TransDigm Group by 3.8% during the third quarter. Motley Fool Asset Management LLC now owns 2,257 shares of the aerospace company’s stock valued at $3,241,000 after acquiring an additional 83 shares during the last quarter. IHT Wealth Management LLC grew its holdings in shares of TransDigm Group by 11.9% during the third quarter. IHT Wealth Management LLC now owns 188 shares of the aerospace company’s stock worth $268,000 after buying an additional 20 shares in the last quarter. Finally, Investment Management Corp of Ontario grew its position in shares of TransDigm Group by 49.3% in the third quarter. Investment Management Corp of Ontario now owns 1,817 shares of the aerospace company’s stock valued at $2,593,000 after purchasing an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on TDG. Deutsche Bank Aktiengesellschaft upped their price target 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. Jefferies Financial Group lowered their target price on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. JPMorgan Chase & Co. lifted their target price on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Citigroup lifted their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a report on Thursday. Finally, StockNews.com downgraded TransDigm Group from a “buy” rating to a “hold” rating in a research note on Friday. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus price target of $1,464.00.

Insider Activity

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred on 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 completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at $30,228,611.80. This trade represents a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the business’s 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 approximately $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 in the last ninety days. Company insiders own 4.96% of the company’s stock.

TransDigm Group Stock Performance

Shares of NYSE:TDG opened at $1,277.00 on Friday. The stock has a market cap of $71.81 billion, a PE ratio of 49.88, a price-to-earnings-growth ratio of 2.99 and a beta of 1.39. TransDigm Group Incorporated has a one year low of $965.69 and a one year high of $1,451.32. The business’s fifty day moving average price is $1,333.48 and its two-hundred day moving average price is $1,315.97.

TransDigm Group Increases Dividend

The business also recently declared a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were issued a $75.00 dividend. The ex-dividend date was Friday, October 4th. This is a positive change 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.