Bamco Inc. NY Boosts Stake in TransDigm Group Incorporated (NYSE:TDG)

Bamco Inc. NY boosted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 5.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,859 shares of the aerospace company’s stock after acquiring an additional 5,859 shares during the period. Bamco Inc. NY owned 0.19% of TransDigm Group worth $151,075,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. FSA Wealth Management LLC purchased a new stake in shares of TransDigm Group in the third quarter valued at approximately $198,000. Erste Asset Management GmbH acquired a new position in TransDigm Group during the third quarter worth $29,000. Cobblestone Capital Advisors LLC NY purchased a new stake in TransDigm Group in the 3rd quarter valued at $214,000. Edgestream Partners L.P. increased its stake in shares of TransDigm Group by 17.7% in the 3rd quarter. Edgestream Partners L.P. now owns 6,119 shares of the aerospace company’s stock worth $8,733,000 after acquiring an additional 918 shares during the last quarter. Finally, Acropolis Investment Management LLC purchased a new position in shares of TransDigm Group during the 3rd quarter worth $103,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Susquehanna upped their price objective on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. raised 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. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Monday, November 11th. UBS Group cut 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 note on Wednesday, August 7th. Finally, Morgan Stanley upped their price target on TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TransDigm Group has a consensus rating of “Moderate Buy” and a consensus price target of $1,461.82.

Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, 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 link. Also, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $30,228,611.80. The trade was a 20.25 % decrease in their position. 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 in the last quarter. 4.96% of the stock is owned by company insiders.

TransDigm Group Stock Up 0.3 %

NYSE:TDG opened at $1,252.97 on Monday. TransDigm Group Incorporated has a 52 week low of $949.99 and a 52 week high of $1,451.32. The company has a fifty day simple moving average of $1,346.89 and a two-hundred day simple moving average of $1,316.87. The company has a market cap of $70.45 billion, a price-to-earnings ratio of 48.94, a price-to-earnings-growth ratio of 2.82 and a beta of 1.43.

TransDigm Group Increases Dividend

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

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.