Janney Montgomery Scott LLC Raises Holdings in TransDigm Group Incorporated (NYSE:TDG)

Janney Montgomery Scott LLC increased its position in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 6.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,745 shares of the aerospace company's stock after buying an additional 786 shares during the quarter. Janney Montgomery Scott LLC's holdings in TransDigm Group were worth $18,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Fortitude Family Office LLC raised its stake in shares of TransDigm Group by 283.3% during the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company's stock valued at $29,000 after acquiring an additional 17 shares during the last quarter. ORG Partners LLC bought a new position in TransDigm Group during the 1st quarter worth $30,000. DT Investment Partners LLC lifted its holdings in TransDigm Group by 68.8% during the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company's stock worth $39,000 after buying an additional 11 shares during the period. Meeder Asset Management Inc. grew its position 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 buying an additional 22 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of TransDigm Group in the first quarter valued at about $39,000. Institutional investors own 95.78% of the company's stock.

TransDigm Group Trading Up 3.2 %

Shares of TDG traded up $43.12 on Wednesday, reaching $1,380.72. The company's stock had a trading volume of 396,874 shares, compared to its average volume of 215,237. The stock has a market capitalization of $77.47 billion, a PE ratio of 51.08, a PEG ratio of 1.79 and a beta of 1.43. TransDigm Group Incorporated has a twelve month low of $879.35 and a twelve month high of $1,451.32. The firm has a fifty day moving average of $1,369.27 and a 200-day moving average of $1,315.00.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, beating analysts' consensus estimates of $7.77 by $1.23. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The company's revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter last year, the company earned $6.55 earnings per share. As a group, equities analysts anticipate that TransDigm Group Incorporated will post 30.71 EPS for the current fiscal year.

TransDigm Group Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. UBS Group reduced their target price on TransDigm Group from $1,466.00 to $1,423.00 and set a "neutral" rating on the stock in a report on Wednesday, August 7th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research note on Wednesday, August 7th. JPMorgan Chase & Co. lifted their target price on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a "neutral" rating in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft upped their price target on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. Finally, Morgan Stanley lifted their price objective 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. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,461.82.

Insider Activity

In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company's stock, valued at $10,019,981.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Kevin M. Stein sold 10,000 shares of the firm's stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares of the company's stock, valued at $10,019,981.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,953,204. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,944 shares of company stock worth $35,823,485 over the last quarter. Insiders own 4.96% of the company's stock.

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.