TransDigm Group Incorporated (NYSE:TDG - Get Free Report) CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at $10,181,755.06. The trade was a 71.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
TransDigm Group Stock Up 1.7 %
Shares of NYSE TDG opened at $1,280.04 on Tuesday. The business has a 50-day simple moving average of $1,315.74 and a two-hundred day simple moving average of $1,312.69. TransDigm Group Incorporated has a 52 week low of $972.08 and a 52 week high of $1,451.32. The company has a market cap of $71.98 billion, a P/E ratio of 50.00, a P/E/G ratio of 2.89 and a beta of 1.39.
TransDigm Group Increases Dividend
The company also recently disclosed a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were paid 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 Analysts Forecast Growth
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TDG has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. 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 report on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price target 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. Citigroup boosted their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Finally, KeyCorp raised their price target on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Seven equities research 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 company currently has an average rating of "Moderate Buy" and a consensus target price of $1,465.47.
Get Our Latest Analysis on TransDigm Group
Institutional Trading of TransDigm Group
Several institutional investors and hedge funds have recently bought and sold shares of TDG. Oddo BHF Asset Management Sas purchased a new position in shares of TransDigm Group during the 3rd quarter valued at $716,000. Franklin Resources Inc. boosted its stake in TransDigm Group by 2.2% during the third quarter. Franklin Resources Inc. now owns 205,543 shares of the aerospace company's stock valued at $290,151,000 after buying an additional 4,442 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in TransDigm Group during the third quarter worth about $618,000. Sanctuary Advisors LLC increased its stake in TransDigm Group by 184.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 6,860 shares of the aerospace company's stock worth $9,790,000 after acquiring an additional 4,452 shares during the last quarter. Finally, Anchor Investment Management LLC raised its holdings in shares of TransDigm Group by 5.0% in the 3rd quarter. Anchor Investment Management LLC now owns 917 shares of the aerospace company's stock valued at $1,309,000 after acquiring an additional 44 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.
TransDigm Group Company Profile
(
Get Free Report)
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.
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