Sumitomo Mitsui Trust Group Inc. Raises Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Sumitomo Mitsui Trust Group Inc. boosted its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 1.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,240 shares of the aerospace company's stock after buying an additional 1,988 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.22% of TransDigm Group worth $175,880,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Capital World Investors grew its stake in shares of TransDigm Group by 14.3% in 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. raised its stake in TransDigm Group by 13.1% in the first 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 in the last quarter. Darsana Capital Partners LP purchased a new stake in TransDigm Group during the second quarter worth approximately $210,806,000. Vanguard Group Inc. grew its position in shares of TransDigm Group by 1.0% in 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 last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of TransDigm Group by 108,517.8% during the third quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company's stock worth $69,755,000 after purchasing an additional 48,833 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on TDG. StockNews.com raised TransDigm Group from a "hold" rating to a "buy" rating in a report on Monday. Susquehanna upped their price target on shares of 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. Northcoast Research assumed coverage on shares of TransDigm Group in a report on Thursday, August 1st. They set a "neutral" rating on the stock. KeyCorp upped their price target on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Finally, Morgan Stanley upped their price objective on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an "overweight" rating in a research report on Wednesday, August 7th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, TransDigm Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,461.82.

Insider Activity

In other news, Director W Nicholas Howley sold 5,472 shares of the company's stock in a transaction dated 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 sale, the director now directly owns 21,548 shares in the company, valued at $30,228,611.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction that occurred 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 directly owns 3,600 shares of the company's stock, valued at approximately $5,046,300. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction that occurred 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 sale, the director now owns 21,548 shares of the company's stock, valued at $30,228,611.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,944 shares of company stock valued at $23,541,085 in the last three months. Company insiders own 4.96% of the company's stock.

TransDigm Group Stock Performance

NYSE:TDG traded up $7.58 during trading on Wednesday, reaching $1,363.00. The company's stock had a trading volume of 224,660 shares, compared to its average volume of 217,001. The firm has a market cap of $76.64 billion, a price-to-earnings ratio of 53.44, a price-to-earnings-growth ratio of 2.41 and a beta of 1.43. TransDigm Group Incorporated has a 12 month low of $949.99 and a 12 month high of $1,451.32. The firm has a 50 day moving average of $1,368.61 and a 200-day moving average of $1,318.69.

TransDigm Group Increases Dividend

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

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.