Ballentine Partners LLC Increases Stake in TransDigm Group Incorporated (NYSE:TDG)

Ballentine Partners LLC boosted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 4.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 355 shares of the aerospace company’s stock after acquiring an additional 14 shares during the period. Ballentine Partners LLC’s holdings in TransDigm Group were worth $507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Wellington Management Group LLP increased its holdings in TransDigm Group by 22.2% during the fourth quarter. Wellington Management Group LLP now owns 2,640 shares of the aerospace company’s stock valued at $2,671,000 after buying an additional 479 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of TransDigm Group by 10.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,331 shares of the aerospace company’s stock valued at $4,102,000 after acquiring an additional 315 shares during the period. Hennion & Walsh Asset Management Inc. bought a new position in shares of TransDigm Group in the 1st quarter worth $325,000. Miracle Mile Advisors LLC lifted its stake in shares of TransDigm Group by 1.9% during the 1st quarter. Miracle Mile Advisors LLC now owns 597 shares of the aerospace company’s stock worth $735,000 after purchasing an additional 11 shares during the last quarter. Finally, SeaCrest Wealth Management LLC boosted its position in TransDigm Group by 12.6% during the first quarter. SeaCrest Wealth Management LLC now owns 546 shares of the aerospace company’s stock valued at $672,000 after purchasing an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Transactions at TransDigm Group

In related news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the completion of the transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $30,228,611.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was 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 directly owns 21,548 shares in the company, valued at $30,228,611.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of the 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 value of $4,127,670.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,953,204. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,944 shares of company stock valued at $35,823,485 in the last ninety days. 4.96% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Susquehanna increased their price target on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. StockNews.com downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Morgan Stanley upped their price target on TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. KeyCorp boosted their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, UBS Group decreased their price target 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. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,451.94.

TransDigm Group Stock Up 0.7 %

Shares of TDG stock opened at $1,354.83 on Monday. The stock has a market cap of $75.81 billion, a PE ratio of 53.74, a price-to-earnings-growth ratio of 1.84 and a beta of 1.43. TransDigm Group Incorporated has a 52-week low of $811.42 and a 52-week high of $1,451.32. The business has a 50-day simple moving average of $1,366.86 and a 200-day simple moving average of $1,308.60.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, topping analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the company earned $6.55 EPS. The business’s revenue was up 17.3% on a year-over-year basis. Sell-side analysts anticipate that TransDigm Group Incorporated will post 30.71 earnings per share for the current fiscal year.

TransDigm Group Increases Dividend

The company also recently disclosed a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were given a $75.00 dividend. The ex-dividend date of this dividend was Friday, October 4th. This is an increase from TransDigm Group’s previous special dividend of $32.50.

About TransDigm Group

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.