State Street Corp Has $3.18 Billion Stock Position in TransDigm Group Incorporated (NYSE:TDG)

State Street Corp lifted its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 1.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,229,199 shares of the aerospace company's stock after purchasing an additional 29,489 shares during the quarter. State Street Corp owned 3.96% of TransDigm Group worth $3,181,357,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TDG. First Personal Financial Services acquired a new stake in TransDigm Group during the third quarter worth about $29,000. Erste Asset Management GmbH bought a new stake in shares of TransDigm Group during the 3rd quarter worth approximately $29,000. Meeder Asset Management Inc. boosted its position in shares of TransDigm Group by 275.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company's stock worth $38,000 after acquiring an additional 22 shares in the last quarter. DT Investment Partners LLC increased its stake in TransDigm Group by 68.8% in the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company's stock valued at $39,000 after acquiring an additional 11 shares during the last quarter. Finally, Hershey Financial Advisers LLC bought a new position in TransDigm Group in the second quarter valued at approximately $41,000. Institutional investors own 95.78% of the company's stock.

Insider Activity at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction that occurred 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 directly owns 21,548 shares of the company's stock, valued at approximately $30,228,611.80. The trade was a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the 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 owns 3,600 shares in the company, valued at $4,953,204. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,944 shares of company stock worth $23,541,085 over the last quarter. Company insiders own 4.96% of the company's stock.

TransDigm Group Trading Down 1.2 %

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

TransDigm Group Increases Dividend

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

Wall Street Analysts Forecast Growth

TDG has been the topic of a number of research analyst reports. Citigroup raised their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a report on Thursday. KeyCorp upped their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lifted their target price on 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. Jefferies Financial Group dropped their target price on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a "buy" rating for the company in a report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. raised their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a "neutral" rating in a research note on Monday, October 14th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, TransDigm Group presently has an average rating of "Moderate Buy" and an average price target of $1,464.00.

TransDigm Group 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.