Rockefeller Capital Management L.P. Raises Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Rockefeller Capital Management L.P. grew its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 17.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its holdings in TransDigm Group by 17.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock valued at $4,980,000 after purchasing an additional 567 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake 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 buying an additional 789 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of TransDigm Group by 8.6% in the third quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock worth $11,658,000 after buying an additional 644 shares during the period. Cetera Investment Advisers lifted its stake 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 acquiring an additional 1,907 shares during the last quarter. Finally, Swiss National Bank boosted 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 acquiring an additional 1,400 shares during the period. 95.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on TDG. JPMorgan Chase & Co. raised their target price on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Citigroup reduced their price objective on TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Susquehanna upped their target price on TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft raised their price target on TransDigm Group from $1,524.00 to $1,577.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, Jefferies Financial Group lowered their price objective on shares of 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. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, TransDigm Group has a consensus rating of “Moderate Buy” and an average price target of $1,461.82.

TransDigm Group Trading Up 0.3 %

Shares of NYSE TDG opened at $1,252.97 on Monday. The stock 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 Incorporated has a twelve month low of $949.99 and a twelve month high of $1,451.32. The stock has a 50 day moving average of $1,346.89 and a two-hundred day moving average of $1,316.87.

TransDigm Group Increases Dividend

The business also recently announced a special dividend, which was paid on Friday, October 18th. Stockholders 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.

Insider Transactions at TransDigm Group

In related news, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the completion of the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at $29,659,098.16. This trade represents a 20.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated 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 completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,953,204. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,944 shares of company stock worth $23,541,085 over the last 90 days. 4.96% of the stock is currently owned by 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.