HighTower Advisors LLC Purchases 6,895 Shares of TransDigm Group Incorporated (NYSE:TDG)

HighTower Advisors LLC lifted its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 82.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,216 shares of the aerospace company's stock after buying an additional 6,895 shares during the period. HighTower Advisors LLC's holdings in TransDigm Group were worth $21,663,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TDG. Wealth Enhancement Advisory Services LLC raised its holdings in shares of TransDigm Group by 17.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company's stock worth $4,980,000 after acquiring an additional 567 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings 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 worth $4,888,000 after acquiring an additional 789 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of TransDigm Group by 8.6% during the third quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company's stock worth $11,658,000 after acquiring an additional 644 shares in the last quarter. Swiss National Bank raised its holdings in shares of TransDigm Group by 0.9% during the third quarter. Swiss National Bank now owns 166,100 shares of the aerospace company's stock worth $237,046,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its holdings in shares of TransDigm Group by 2.4% during the third quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company's stock worth $530,980,000 after acquiring an additional 8,655 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

TransDigm Group Trading Down 1.1 %

TDG stock traded down $13.65 during trading on Friday, reaching $1,279.21. 289,929 shares of the stock were exchanged, compared to its average volume of 338,949. TransDigm Group Incorporated has a twelve month low of $965.69 and a twelve month high of $1,451.32. The company has a market capitalization of $71.93 billion, a P/E ratio of 49.97, a price-to-earnings-growth ratio of 2.99 and a beta of 1.39. The stock has a 50 day simple moving average of $1,333.48 and a 200-day simple moving average of $1,315.82.

TransDigm Group Increases Dividend

The company 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 an increase from TransDigm Group's previous special dividend of $32.50.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TDG. KeyCorp increased their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. StockNews.com lowered TransDigm Group from a "buy" rating to a "hold" rating in a report on Friday. Jefferies Financial Group cut their target price on TransDigm Group from $1,625.00 to $1,515.00 and set a "buy" rating on the stock in a report on Tuesday, August 13th. JPMorgan Chase & Co. raised their target price 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. Finally, Citigroup raised their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, TransDigm Group currently has an average rating of "Moderate Buy" and a consensus price target of $1,464.00.

Insider Buying and Selling

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of TransDigm Group 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 sale, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at approximately $5,046,300. The trade was a 45.45 % 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, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the sale, the director now directly owns 21,548 shares in the company, valued at $30,228,611.80. The trade was a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,944 shares of company stock valued at $23,541,085 over the last three months. 4.96% of the stock is owned by corporate 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.