Whitford Management LLC Purchases New Holdings in TransDigm Group Incorporated (NYSE:TDG)

Whitford Management LLC acquired a new position in TransDigm Group Incorporated (NYSE:TDG) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,379 shares of the aerospace company’s stock, valued at approximately $3,395,000. TransDigm Group accounts for approximately 1.9% of Whitford Management LLC’s portfolio, making the stock its 8th biggest position.

Several other institutional investors also recently modified their holdings of TDG. Wealth Enhancement Advisory Services LLC raised its holdings in shares of TransDigm Group by 17.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock worth $4,980,000 after buying an additional 567 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of TransDigm Group by 26.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,826 shares of the aerospace company’s stock valued at $4,888,000 after acquiring an additional 789 shares during the period. CIBC Asset Management Inc grew its holdings in shares of TransDigm Group by 8.6% in the 3rd quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock worth $11,658,000 after purchasing an additional 644 shares during the last quarter. Cetera Investment Advisers increased its position in shares of TransDigm Group by 90.5% during the 1st quarter. Cetera Investment Advisers now owns 4,015 shares of the aerospace company’s stock worth $4,945,000 after purchasing an additional 1,907 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in TransDigm Group by 0.9% during the 3rd quarter. Swiss National Bank now owns 166,100 shares of the aerospace company’s stock valued at $237,046,000 after purchasing an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Down 1.1 %

Shares of NYSE TDG opened at $1,292.86 on Friday. TransDigm Group Incorporated has a twelve month low of $958.73 and a twelve month high of $1,451.32. The company’s fifty day moving average is $1,335.99 and its 200-day moving average is $1,316.22. The stock has a market cap of $72.70 billion, a price-to-earnings ratio of 50.50, a P/E/G ratio of 2.88 and a beta of 1.39.

TransDigm Group Increases Dividend

The firm 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. This is an increase from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TDG shares. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft boosted 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. Jefferies Financial Group lowered their target price on 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. KeyCorp increased their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Finally, Citigroup upped their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday. Six equities research 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 has an average rating of “Moderate Buy” and a consensus price target of $1,464.00.

Insider Transactions at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $5,046,300. This represents a 45.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $29,659,098.16. This trade represents 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 valued at $23,541,085 over the last 90 days. 4.96% of the stock is 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.