Cutter & CO Brokerage Inc. Takes $4.98 Million Position in TransDigm Group Incorporated (NYSE:TDG)

Cutter & CO Brokerage Inc. bought a new stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,491 shares of the aerospace company's stock, valued at approximately $4,982,000. TransDigm Group comprises about 1.1% of Cutter & CO Brokerage Inc.'s investment portfolio, making the stock its 24th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital World Investors boosted its position in TransDigm Group by 14.3% during the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company's stock valued at $4,354,369,000 after buying an additional 442,182 shares during the period. JPMorgan Chase & Co. boosted its position in TransDigm Group by 13.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company's stock valued at $2,056,109,000 after buying an additional 192,962 shares during the period. Darsana Capital Partners LP purchased a new stake in TransDigm Group during the 2nd quarter valued at $210,806,000. Vanguard Group Inc. boosted its position in TransDigm Group by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company's stock valued at $7,447,587,000 after buying an additional 58,243 shares during the period. Finally, International Assets Investment Management LLC boosted its position in TransDigm Group by 108,517.8% during the 3rd quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company's stock valued at $69,755,000 after buying an additional 48,833 shares during the period. Institutional investors own 95.78% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on TDG. StockNews.com cut shares of TransDigm Group from a "buy" rating to a "hold" rating in a research report on Monday, August 5th. Truist Financial raised their target price on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a "buy" rating in a research report on Wednesday, July 17th. UBS Group dropped their target price on shares of 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. JPMorgan Chase & Co. raised 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 report on Monday, October 14th. Finally, Wells Fargo & Company decreased their price target on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 7th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, TransDigm Group presently has a consensus rating of "Moderate Buy" and an average price target of $1,451.94.

Insider Transactions at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction 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 transaction, the director now owns 21,548 shares of the company's stock, valued at approximately $30,228,611.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the business's 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 owns 21,548 shares in the company, valued at $30,228,611.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Kevin M. Stein sold 10,000 shares of the 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 directly owns 8,158 shares in the company, 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. Over the last quarter, insiders have sold 26,944 shares of company stock valued at $35,823,485. 4.96% of the stock is currently owned by corporate insiders.

TransDigm Group Stock Down 0.2 %

NYSE:TDG traded down $2.91 during trading hours on Tuesday, hitting $1,336.17. 159,800 shares of the stock traded hands, compared to its average volume of 214,490. TransDigm Group Incorporated has a 1 year low of $816.97 and a 1 year high of $1,451.32. The company has a market cap of $74.97 billion, a price-to-earnings ratio of 49.43, a price-to-earnings-growth ratio of 1.84 and a beta of 1.43. The stock has a 50 day moving average price of $1,367.99 and a 200 day moving average price of $1,310.78.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, beating 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 business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the firm earned $6.55 earnings per share. The company's revenue for the quarter was up 17.3% on a year-over-year basis. Equities analysts forecast that TransDigm Group Incorporated will post 30.71 earnings per share for the current fiscal year.

TransDigm Group Increases Dividend

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

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.