Raymond James & Associates Has $96.10 Million Position in TransDigm Group Incorporated (NYSE:TDG)

Raymond James & Associates lifted its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 3.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,335 shares of the aerospace company's stock after purchasing an additional 2,025 shares during the period. Raymond James & Associates owned approximately 0.12% of TransDigm Group worth $96,096,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wellington Management Group LLP raised its holdings in shares of TransDigm Group by 22.2% during the fourth quarter. Wellington Management Group LLP now owns 2,640 shares of the aerospace company's stock valued at $2,671,000 after acquiring an additional 479 shares during the period. Fisher Asset Management LLC acquired a new position in TransDigm Group during the fourth quarter valued at $227,000. Fulton Bank N.A. purchased a new stake in TransDigm Group in the 1st quarter worth about $216,000. Park Avenue Securities LLC grew its stake in TransDigm Group by 6.2% during the 1st quarter. Park Avenue Securities LLC now owns 837 shares of the aerospace company's stock valued at $1,031,000 after acquiring an additional 49 shares in the last quarter. Finally, Riverview Trust Co acquired a new position in shares of TransDigm Group in the 1st quarter valued at about $63,000. Institutional investors and hedge funds own 95.78% of the company's stock.

TransDigm Group Stock Down 0.7 %

NYSE:TDG traded down $10.30 during trading hours on Monday, reaching $1,386.86. The company had a trading volume of 150,544 shares, compared to its average volume of 216,220. The firm has a market capitalization of $77.82 billion, a PE ratio of 51.31, a PEG ratio of 1.88 and a beta of 1.43. The stock has a 50-day moving average of $1,359.59 and a two-hundred day moving average of $1,305.67. TransDigm Group Incorporated has a one year low of $811.42 and a one year high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, topping the consensus estimate of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The firm had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the prior year, the firm earned $6.55 earnings per share. The company's quarterly revenue was up 17.3% compared to the same quarter last year. As a group, sell-side analysts expect that TransDigm Group Incorporated will post 30.71 earnings per share for the current year.

TransDigm Group Increases Dividend

The company also recently disclosed a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were given 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.

Insider Transactions at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the transaction, the director now owns 21,548 shares of the company's stock, valued at $30,228,611.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction on 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 directly owns 21,548 shares of the company's stock, valued at $30,228,611.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the company's stock in a transaction 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 completion of the sale, the chief executive officer now owns 8,158 shares of the company's stock, valued at approximately $10,019,981.92. This represents a 0.00 % decrease in their position. 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 90 days. 4.96% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on TDG shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. UBS Group reduced their price objective on TransDigm Group from $1,466.00 to $1,423.00 and set a "neutral" rating for the company in a research report on Wednesday, August 7th. Jefferies Financial Group cut their price target on TransDigm Group from $1,625.00 to $1,515.00 and set a "buy" rating for the company in a research note on Tuesday, August 13th. Royal Bank of Canada reissued an "outperform" rating and issued a $1,500.00 price target on shares of TransDigm Group in a research note on Wednesday, August 7th. Finally, StockNews.com cut shares of TransDigm Group from a "buy" rating to a "hold" rating in a research note on Monday, August 5th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $1,448.41.

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.