TransDigm Group Incorporated (NYSE:TDG) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 1.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,133,443 shares of the aerospace company's stock after purchasing an additional 19,314 shares during the period. Geode Capital Management LLC owned 2.02% of TransDigm Group worth $1,612,583,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. First Personal Financial Services bought a new position in TransDigm Group during the third quarter worth $29,000. Erste Asset Management GmbH acquired a new stake in shares of TransDigm Group in the 3rd quarter valued at $29,000. DT Investment Partners LLC lifted its stake in shares of TransDigm Group by 68.8% in the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company's stock valued at $39,000 after purchasing an additional 11 shares during the period. Meeder Asset Management Inc. increased its stake in shares of TransDigm Group by 275.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company's stock valued at $38,000 after acquiring an additional 22 shares during the last quarter. Finally, Hershey Financial Advisers LLC bought a new stake in TransDigm Group during the 2nd quarter worth approximately $41,000. Institutional investors own 95.78% of the company's stock.

Insider Transactions at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction 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 owns 21,548 shares in the company, valued at approximately $29,659,098.16. This represents a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at $5,046,300. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,944 shares of company stock worth $23,541,085. Company insiders own 4.96% of the company's stock.

Wall Street Analysts Forecast Growth

TDG has been the subject of several research reports. StockNews.com downgraded TransDigm Group from a "buy" rating to a "hold" rating in a report on Friday, December 6th. KeyCorp increased their price target on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft boosted their target price on TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. Citigroup lifted their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company dropped their price target on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,465.47.

TransDigm Group Stock Performance

TDG traded down $13.37 on Wednesday, hitting $1,248.20. 220,147 shares of the company were exchanged, compared to its average volume of 226,950. TransDigm Group Incorporated has a 12 month low of $972.08 and a 12 month high of $1,451.32. The company has a market cap of $70.19 billion, a PE ratio of 48.75, a PEG ratio of 2.93 and a beta of 1.39. The stock's fifty day moving average is $1,326.65 and its 200-day moving average is $1,314.62.

TransDigm Group Increases Dividend

The business also recently disclosed 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. This is a boost from TransDigm Group's previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

TransDigm Group 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.