TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. lowered its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 0.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,891 shares of the aerospace company’s stock after selling 14 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in TransDigm Group were worth $2,699,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TDG. Bennett Selby Investments LP increased its position in shares of TransDigm Group by 2.4% in the second quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company’s stock worth $429,000 after acquiring an additional 8 shares in the last quarter. Souders Financial Advisors grew its stake in shares of TransDigm Group by 1.0% in the third quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock valued at $1,137,000 after buying an additional 8 shares in the last quarter. Prosperity Financial Group Inc. lifted its position in TransDigm Group by 3.6% during the 3rd quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company’s stock worth $328,000 after acquiring an additional 8 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in TransDigm Group by 1.2% in the first quarter. B. Riley Wealth Advisors Inc. now owns 763 shares of the aerospace company’s stock valued at $940,000 after acquiring an additional 9 shares in the last quarter. Finally, Csenge Advisory Group raised its stake in shares of TransDigm Group by 0.3% during the second quarter. Csenge Advisory Group now owns 3,723 shares of the aerospace company’s stock valued at $4,757,000 after purchasing an additional 10 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

TDG has been the topic of several recent analyst reports. Wells Fargo & Company cut their price target on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 7th. Citigroup cut their price target on shares of TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their price objective 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. Morgan Stanley lifted their price target on TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. upped their price objective on 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. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,461.82.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,953,204. This represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director W Nicholas Howley sold 5,472 shares of the business’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 sale, the director now owns 21,548 shares in the company, valued at approximately $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. In the last three months, insiders sold 16,944 shares of company stock valued at $23,541,085. Company insiders own 4.96% of the company’s stock.

TransDigm Group Stock Performance

Shares of TDG opened at $1,261.52 on Tuesday. TransDigm Group Incorporated has a one year low of $949.99 and a one year high of $1,451.32. The stock’s fifty day moving average is $1,357.52 and its 200-day moving average is $1,317.87. The firm has a market capitalization of $70.94 billion, a price-to-earnings ratio of 49.28, a price-to-earnings-growth ratio of 2.84 and a beta of 1.43.

TransDigm Group Increases Dividend

The business also recently declared a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were given 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 of this dividend was Friday, October 4th.

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.