TransDigm Group Incorporated (NYSE:TDG) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. grew its position in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 2.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,543 shares of the aerospace company's stock after buying an additional 4,442 shares during the quarter. Franklin Resources Inc. owned 0.37% of TransDigm Group worth $290,151,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp grew its holdings in TransDigm Group by 1.3% during the 3rd quarter. State Street Corp now owns 2,229,199 shares of the aerospace company's stock worth $3,181,357,000 after acquiring an additional 29,489 shares in the last quarter. FMR LLC raised its holdings in TransDigm Group by 2.3% during the third quarter. FMR LLC now owns 1,920,181 shares of the aerospace company's stock worth $2,740,348,000 after purchasing an additional 43,604 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of TransDigm Group by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company's stock worth $1,612,583,000 after buying an additional 19,314 shares during the last quarter. Windacre Partnership LLC boosted its holdings in shares of TransDigm Group by 42.7% in the 3rd quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company's stock valued at $1,038,951,000 after buying an additional 217,700 shares in the last quarter. Finally, Westfield Capital Management Co. LP grew its position in shares of TransDigm Group by 2.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company's stock valued at $530,980,000 after buying an additional 8,655 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

TransDigm Group Stock Up 1.5 %

Shares of NYSE TDG traded up $18.60 during midday trading on Friday, hitting $1,259.12. The company had a trading volume of 235,968 shares, compared to its average volume of 312,090. The business has a 50-day simple moving average of $1,317.27 and a two-hundred day simple moving average of $1,312.98. TransDigm Group Incorporated has a twelve month low of $972.08 and a twelve month high of $1,451.32. The firm has a market capitalization of $70.80 billion, a price-to-earnings ratio of 49.18, a price-to-earnings-growth ratio of 2.89 and a beta of 1.39.

TransDigm Group Increases Dividend

The company also recently declared a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued a $75.00 dividend. The ex-dividend date was Friday, October 4th. This is a boost from TransDigm Group's previous special dividend of $32.50.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. StockNews.com lowered TransDigm Group from a "buy" rating to a "hold" rating in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. raised their price objective 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 upped their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Finally, KeyCorp upped their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, TransDigm Group has an average rating of "Moderate Buy" and a consensus price target of $1,465.47.

Insider Activity at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the sale, the chief operating officer now owns 3,600 shares of the company's stock, valued at $5,046,300. This trade represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total transaction 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. The trade was a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,944 shares of company stock valued at $23,541,085 in the last ninety days. Corporate insiders own 4.96% of the company's stock.

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.