Wellington Management Group LLP Acquires 11 Shares of TransDigm Group Incorporated (NYSE:TDG)

Wellington Management Group LLP grew its stake in TransDigm Group Incorporated (NYSE:TDG) by 0.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,913 shares of the aerospace company’s stock after acquiring an additional 11 shares during the quarter. Wellington Management Group LLP’s holdings in TransDigm Group were worth $2,730,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. First Personal Financial Services bought a new stake in TransDigm Group in the third quarter valued at $29,000. Erste Asset Management GmbH bought a new position in shares of TransDigm Group during the third quarter valued at $29,000. DT Investment Partners LLC boosted its stake 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 in the last quarter. Meeder Asset Management Inc. grew its holdings 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 purchasing an additional 22 shares during the last quarter. Finally, Hershey Financial Advisers LLC acquired a new stake in shares of TransDigm Group during the 2nd quarter worth about $41,000. 95.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total transaction 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 $5,046,300. This trade represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $30,228,611.80. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,525 shares of company stock worth $84,362,871. 4.96% of the stock is currently owned by company insiders.

TransDigm Group Stock Down 0.5 %

TDG stock opened at $1,274.24 on Wednesday. TransDigm Group Incorporated has a twelve month low of $972.08 and a twelve month high of $1,451.32. The business’s fifty day moving average is $1,313.71 and its 200-day moving average is $1,312.20. The company has a market cap of $71.65 billion, a P/E ratio of 49.78, a price-to-earnings-growth ratio of 2.89 and a beta of 1.39.

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 issued a dividend of $75.00 per share. The ex-dividend date was Friday, October 4th. This is a boost from TransDigm Group’s previous special dividend of $32.50.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TDG shares. Wells Fargo & Company decreased their price objective on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 11th. Citigroup increased their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. KeyCorp lifted their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. StockNews.com cut TransDigm Group from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. lifted their price target on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,465.47.

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.