Nomura Asset Management Co. Ltd. Buys 1,086 Shares of TransDigm Group Incorporated (NYSE:TDG)

Nomura Asset Management Co. Ltd. grew its stake in TransDigm Group Incorporated (NYSE:TDG) by 7.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,323 shares of the aerospace company’s stock after buying an additional 1,086 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in TransDigm Group were worth $23,295,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Souders Financial Advisors boosted its position in TransDigm Group by 1.0% during the third quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock worth $1,137,000 after purchasing an additional 8 shares during the period. Prosperity Financial Group Inc. boosted its holdings in shares of 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 buying an additional 8 shares during the period. Stablepoint Partners LLC grew its stake in TransDigm Group by 2.7% in the 2nd quarter. Stablepoint Partners LLC now owns 418 shares of the aerospace company’s stock valued at $517,000 after buying an additional 11 shares during the last quarter. DT Investment Partners LLC raised its holdings in TransDigm Group by 68.8% in the 3rd 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, Wellington Management Group LLP lifted its position in TransDigm Group by 0.6% during the 3rd quarter. Wellington Management Group LLP now owns 1,913 shares of the aerospace company’s stock worth $2,730,000 after acquiring an additional 11 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Insider Activity at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the business’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 completion of the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $29,659,098.16. The trade was a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $5,046,300. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,944 shares of company stock valued at $23,541,085 in the last three months. Corporate insiders own 4.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TDG. JPMorgan Chase & Co. lifted their price objective on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. StockNews.com cut TransDigm Group from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Jefferies Financial Group dropped their target price on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. KeyCorp increased 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, Deutsche Bank Aktiengesellschaft upped 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. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,464.00.

TransDigm Group Stock Up 0.2 %

Shares of TDG stock opened at $1,261.57 on Wednesday. The company has a market capitalization of $70.94 billion, a P/E ratio of 49.28, a P/E/G ratio of 2.93 and a beta of 1.39. TransDigm Group Incorporated has a 12-month low of $972.08 and a 12-month high of $1,451.32. The firm has a 50-day moving average price of $1,330.10 and a 200 day moving average price of $1,315.24.

TransDigm Group Increases Dividend

The firm also recently declared a special dividend, which was paid on Friday, October 18th. Investors 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 positive change from TransDigm Group’s previous special dividend of $32.50.

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.