Stifel Financial Corp Boosts Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Stifel Financial Corp lifted its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 10.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,360 shares of the aerospace company's stock after buying an additional 5,116 shares during the period. Stifel Financial Corp owned approximately 0.10% of TransDigm Group worth $77,578,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TDG. First Personal Financial Services purchased a new position in shares of TransDigm Group in the 3rd quarter worth approximately $29,000. Erste Asset Management GmbH purchased a new position in shares of TransDigm Group in the 3rd quarter worth approximately $29,000. Meeder Asset Management Inc. boosted its stake 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 worth $38,000 after buying an additional 22 shares during the last quarter. DT Investment Partners LLC raised its holdings 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 worth $39,000 after purchasing an additional 11 shares during the period. Finally, Hershey Financial Advisers LLC bought a new stake in shares of TransDigm Group in the 2nd quarter worth approximately $41,000. Hedge funds and other institutional investors own 95.78% of the company's stock.

TransDigm Group Trading Down 1.1 %

Shares of TransDigm Group stock traded down $13.65 during trading on Friday, hitting $1,279.21. The stock had a trading volume of 289,929 shares, compared to its average volume of 338,949. The firm has a market cap of $71.93 billion, a price-to-earnings ratio of 49.97, a P/E/G ratio of 2.99 and a beta of 1.39. TransDigm Group Incorporated has a 12 month low of $965.69 and a 12 month high of $1,451.32. The business's 50-day moving average is $1,333.48 and its 200 day moving average is $1,315.82.

TransDigm Group Increases Dividend

The company also recently declared 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 a boost from TransDigm Group's previous special dividend of $32.50.

Insider Transactions at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $5,046,300. The trade was a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the company's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the completion of the transaction, the director now owns 21,548 shares of the company's stock, valued at $30,228,611.80. This trade represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,944 shares of company stock valued at $23,541,085. 4.96% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TDG shares. Citigroup lifted their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a report on Thursday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. KeyCorp lifted 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. StockNews.com cut shares of TransDigm Group from a "buy" rating to a "hold" rating in a report on Friday. Finally, Jefferies Financial Group lowered 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. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.