Stonebrook Private Inc. Buys Shares of 143 TransDigm Group Incorporated (NYSE:TDG)

Stonebrook Private Inc. bought a new position in TransDigm Group Incorporated (NYSE:TDG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 143 shares of the aerospace company’s stock, valued at approximately $204,000.

Several other hedge funds and other institutional investors have also modified their holdings of TDG. Citigroup Inc. lifted its stake in TransDigm Group by 36.9% in the 3rd quarter. Citigroup Inc. now owns 120,876 shares of the aerospace company’s stock worth $172,506,000 after acquiring an additional 32,609 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of TransDigm Group by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 338,106 shares of the aerospace company’s stock valued at $482,521,000 after purchasing an additional 4,481 shares during the period. Banco Santander S.A. lifted its position in shares of TransDigm Group by 20.6% in the third quarter. Banco Santander S.A. now owns 955 shares of the aerospace company’s stock worth $1,291,000 after purchasing an additional 163 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of TransDigm Group by 28.2% during the third quarter. Pacer Advisors Inc. now owns 5,962 shares of the aerospace company’s stock worth $8,509,000 after purchasing an additional 1,311 shares during the period. Finally, Thompson Siegel & Walmsley LLC purchased a new position in TransDigm Group during the third quarter valued at approximately $287,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Activity at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were 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 in the company, valued at approximately $30,228,611.80. The trade was a 20.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,944 shares of company stock worth $23,541,085 in the last ninety days. 4.96% of the stock is currently owned by insiders.

TransDigm Group Stock Up 1.6 %

TDG opened at $1,260.32 on Friday. The stock’s 50 day moving average price is $1,359.76 and its two-hundred day moving average price is $1,318.25. The firm has a market capitalization of $70.87 billion, a P/E ratio of 49.23, a price-to-earnings-growth ratio of 2.19 and a beta of 1.43. TransDigm Group Incorporated has a 12-month low of $949.99 and a 12-month high of $1,451.32.

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 given a dividend of $75.00 per share. The ex-dividend date of this dividend was Friday, October 4th. This is a positive change from TransDigm Group’s previous special dividend of $32.50.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TDG. Morgan Stanley increased their target price on shares of 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. Citigroup cut their price objective on TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Wells Fargo & Company lowered their target price on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 7th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. lifted their price target on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Six 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 currently has an average rating of “Moderate Buy” and an average price target of $1,461.82.

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.