Wilmington Savings Fund Society FSB Invests $618,000 in TransDigm Group Incorporated (NYSE:TDG)

Wilmington Savings Fund Society FSB purchased a new position in TransDigm Group Incorporated (NYSE:TDG) during the third quarter, Holdings Channel.com reports. The fund purchased 433 shares of the aerospace company’s stock, valued at approximately $618,000.

A number of other institutional investors have also recently made changes to their positions in TDG. First Personal Financial Services bought a new stake in shares of TransDigm Group in the third quarter valued at approximately $29,000. Erste Asset Management GmbH bought a new stake in TransDigm Group during the 3rd quarter valued at $29,000. Meeder Asset Management Inc. lifted its position in shares of TransDigm Group by 275.0% during the second 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 boosted its holdings in shares of TransDigm Group by 68.8% in the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after acquiring an additional 11 shares during the period. Finally, Hershey Financial Advisers LLC purchased a new position in shares of TransDigm Group in the second quarter valued at $41,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Performance

NYSE:TDG opened at $1,259.12 on Monday. TransDigm Group Incorporated has a fifty-two week low of $972.08 and a fifty-two week high of $1,451.32. The firm has a market cap of $70.80 billion, a PE ratio of 49.18, a price-to-earnings-growth ratio of 2.89 and a beta of 1.39. The business has a 50 day moving average price of $1,317.27 and a 200-day moving average price of $1,312.98.

TransDigm Group Increases Dividend

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

Insider Transactions at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business’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 sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $5,046,300. The trade was a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 completion of the transaction, the director now owns 21,548 shares in the company, valued at approximately $30,228,611.80. The trade was a 20.25 % decrease in their position. The disclosure for this sale can be found here. 4.96% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wells Fargo & Company dropped their price objective on TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of 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. StockNews.com lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Friday, December 6th. KeyCorp raised their price target on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, TransDigm Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,465.47.

TransDigm Group Company 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.