Pittenger & Anderson Inc. Has $13.22 Million Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Pittenger & Anderson Inc. increased its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 16.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,261 shares of the aerospace company's stock after acquiring an additional 1,304 shares during the period. Pittenger & Anderson Inc.'s holdings in TransDigm Group were worth $13,217,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in TransDigm Group by 17.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company's stock valued at $4,980,000 after purchasing an additional 567 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in TransDigm Group by 26.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,826 shares of the aerospace company's stock valued at $4,888,000 after acquiring an additional 789 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its position in TransDigm Group by 4.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 19,322 shares of the aerospace company's stock worth $23,781,000 after acquiring an additional 819 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of TransDigm Group by 19.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,798 shares of the aerospace company's stock valued at $3,446,000 after purchasing an additional 452 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in TransDigm Group by 90.5% during the first quarter. Cetera Investment Advisers now owns 4,015 shares of the aerospace company's stock worth $4,945,000 after buying an additional 1,907 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TransDigm Group

In other news, CEO Kevin M. Stein sold 10,000 shares of the business's stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company's stock, valued at $10,019,981.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at $4,953,204. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the company's stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the transaction, 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. Insiders have sold 26,944 shares of company stock valued at $35,823,485 in the last three months. 4.96% of the stock is owned by corporate insiders.

TransDigm Group Stock Performance

NYSE TDG traded up $22.21 during trading on Tuesday, reaching $1,337.60. 162,507 shares of the company traded hands, compared to its average volume of 214,392. The stock's 50 day moving average price is $1,368.32 and its two-hundred day moving average price is $1,314.53. The company has a market cap of $75.05 billion, a price-to-earnings ratio of 49.49, a P/E/G ratio of 1.77 and a beta of 1.43. TransDigm Group Incorporated has a 1-year low of $874.95 and a 1-year high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings data 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 the consensus estimate 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 quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the business earned $6.55 earnings per share. Equities research analysts expect that TransDigm Group Incorporated will post 30.71 EPS for the current fiscal year.

TransDigm Group Increases Dividend

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

Analysts Set New Price Targets

A number of analysts have weighed in on the company. StockNews.com cut TransDigm Group from a "buy" rating to a "hold" rating in a research report on Monday, August 5th. Jefferies Financial Group reduced 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 report on Tuesday, August 13th. Wells Fargo & Company reduced their price target on TransDigm Group from $1,390.00 to $1,350.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 7th. Morgan Stanley boosted their price target 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. Finally, Susquehanna lifted their price objective on TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 7th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, TransDigm Group has an average rating of "Moderate Buy" and an average target price of $1,451.94.

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.