Royal London Asset Management Ltd. Boosts Position in TransDigm Group Incorporated (NYSE:TDG)

Royal London Asset Management Ltd. raised its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 3.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,692 shares of the aerospace company's stock after buying an additional 858 shares during the quarter. Royal London Asset Management Ltd. owned about 0.05% of TransDigm Group worth $40,947,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. First Personal Financial Services purchased a new stake in shares of TransDigm Group during the third quarter valued at about $29,000. Erste Asset Management GmbH purchased a new position in shares of TransDigm Group in the 3rd quarter valued at approximately $29,000. DT Investment Partners LLC raised its position in shares of TransDigm Group by 68.8% in the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company's stock valued at $39,000 after purchasing an additional 11 shares during the last quarter. Meeder Asset Management Inc. raised 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 purchasing an additional 22 shares during the last quarter. Finally, Hershey Financial Advisers LLC purchased a new position in shares of TransDigm Group in the 2nd quarter valued at approximately $41,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Stock Performance

TransDigm Group stock traded down $15.86 during trading on Friday, reaching $1,277.00. The company had a trading volume of 289,887 shares, compared to its average volume of 227,145. The firm's 50-day simple moving average is $1,333.48 and its 200 day simple moving average is $1,315.97. TransDigm Group Incorporated has a 1-year low of $965.69 and a 1-year high of $1,451.32. The firm has a market capitalization of $71.81 billion, a PE ratio of 49.88, a price-to-earnings-growth ratio of 2.88 and a beta of 1.39.

TransDigm Group Increases Dividend

The business also recently declared a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were paid a $75.00 dividend. The ex-dividend date of this dividend was Friday, October 4th. This is a boost from TransDigm Group's previous special dividend of $32.50.

Analysts Set New Price Targets

Several equities analysts recently commented on TDG shares. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. JPMorgan Chase & Co. increased their price objective on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a "neutral" rating in a research report on Monday, October 14th. Citigroup increased their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research report on Thursday. KeyCorp increased their price target on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group cut their price target on shares of 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. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, TransDigm Group currently has an average rating of "Moderate Buy" and an average target price of $1,464.00.

Insider Activity at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $5,046,300. This trade represents a 45.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the firm's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the completion of the transaction, the director now owns 21,548 shares in the company, valued at $29,659,098.16. The trade was a 20.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,944 shares of company stock valued at $23,541,085. 4.96% of the stock is owned by company insiders.

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.