BNP Paribas Financial Markets Buys 16,049 Shares of TransDigm Group Incorporated (NYSE:TDG)

BNP Paribas Financial Markets boosted its stake in TransDigm Group Incorporated (NYSE:TDG) by 23.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,692 shares of the aerospace company’s stock after purchasing an additional 16,049 shares during the quarter. BNP Paribas Financial Markets owned about 0.15% of TransDigm Group worth $122,294,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. First Personal Financial Services acquired a new position in shares of TransDigm Group in the 3rd quarter valued at approximately $29,000. Fortitude Family Office LLC lifted its stake in TransDigm Group by 283.3% in the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after buying an additional 17 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 valued at $39,000 after buying an additional 11 shares during the period. Meeder Asset Management Inc. increased 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. Finally, Hershey Financial Advisers LLC acquired a new stake in shares of TransDigm Group during the second quarter worth $41,000. Institutional investors own 95.78% of the company’s stock.

Insider Activity

In related news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the sale, the director now owns 21,548 shares in the company, valued at $29,659,098.16. This represents a 20.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,953,204. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,944 shares of company stock worth $23,541,085 in the last three months. Company insiders own 4.96% of the company’s stock.

TransDigm Group Stock Up 0.0 %

NYSE:TDG opened at $1,261.06 on Wednesday. TransDigm Group Incorporated has a twelve month low of $949.99 and a twelve month high of $1,451.32. The company has a fifty day moving average of $1,355.24 and a 200-day moving average of $1,317.52. The firm has a market capitalization of $70.91 billion, a P/E ratio of 49.26, a P/E/G ratio of 2.84 and a beta of 1.43.

TransDigm Group Increases Dividend

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on TDG. Deutsche Bank Aktiengesellschaft upped their price target on TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Northcoast Research started coverage on shares of TransDigm Group in a research report on Thursday, August 1st. They set a “neutral” rating on the stock. Royal Bank of Canada restated an “outperform” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research note on Wednesday, August 7th. JPMorgan Chase & Co. increased their price target on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Finally, Morgan Stanley lifted their target price 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. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,461.82.

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.