Analysts Set TransDigm Group Incorporated (NYSE:TDG) Target Price at $1,461.82

TransDigm Group Incorporated (NYSE:TDG) has received an average recommendation of “Moderate Buy” from the nineteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $1,461.82.

Several analysts recently commented on the stock. UBS Group cut their price objective on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Morgan Stanley raised their price target on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. 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 report on Monday, October 14th. Deutsche Bank Aktiengesellschaft lifted 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. Finally, KeyCorp upped their price target on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th.

TransDigm Group Trading Down 1.1 %

NYSE TDG opened at $1,249.33 on Friday. TransDigm Group has a 12 month low of $949.99 and a 12 month high of $1,451.32. The stock’s fifty day moving average price is $1,349.97 and its 200-day moving average price is $1,316.58. The stock has a market cap of $70.25 billion, a P/E ratio of 48.80, a P/E/G ratio of 2.84 and a beta of 1.43.

TransDigm Group Increases Dividend

The firm 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. This is an increase from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

Insider Buying and Selling

In other news, Director W Nicholas Howley sold 5,472 shares of the firm’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 sale, the director now directly owns 21,548 shares in the company, valued at $30,228,611.80. This trade represents a 20.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,953,204. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,944 shares of company stock valued at $23,541,085. 4.96% of the stock is owned by company insiders.

Institutional Investors Weigh In On TransDigm Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. grew its position in shares of TransDigm Group by 2.2% during the third quarter. Franklin Resources Inc. now owns 205,543 shares of the aerospace company’s stock worth $290,151,000 after purchasing an additional 4,442 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in TransDigm Group during the 3rd quarter valued at approximately $618,000. Sanctuary Advisors LLC raised its position in shares of TransDigm Group by 184.9% during the third quarter. Sanctuary Advisors LLC now owns 6,860 shares of the aerospace company’s stock valued at $9,790,000 after buying an additional 4,452 shares during the last quarter. Anchor Investment Management LLC lifted its holdings in shares of TransDigm Group by 5.0% in the third quarter. Anchor Investment Management LLC now owns 917 shares of the aerospace company’s stock worth $1,309,000 after buying an additional 44 shares in the last quarter. Finally, Unigestion Holding SA bought a new position in shares of TransDigm Group during the third quarter worth $1,476,000. 95.78% of the stock is owned by institutional investors.

About TransDigm Group

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.