TransDigm Group Incorporated (NYSE:TDG) Shares Acquired by Swiss National Bank

Swiss National Bank increased its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 0.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 166,100 shares of the aerospace company’s stock after purchasing an additional 1,400 shares during the period. Swiss National Bank’s holdings in TransDigm Group were worth $237,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TDG. Fortitude Family Office LLC increased 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 purchasing an additional 17 shares during the last quarter. First Personal Financial Services purchased a new position in shares of TransDigm Group during the 3rd quarter worth about $29,000. Meeder Asset Management Inc. increased its position in 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 purchasing an additional 22 shares during the last quarter. DT Investment Partners LLC boosted its holdings in shares of TransDigm Group by 68.8% in the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 11 shares during the last quarter. Finally, Hershey Financial Advisers LLC purchased a new stake in shares of TransDigm Group during the 2nd quarter valued at $41,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

TransDigm Group Trading Down 1.4 %

TDG stock opened at $1,254.16 on Monday. The firm has a 50 day simple moving average of $1,366.93 and a 200-day simple moving average of $1,319.64. The company has a market capitalization of $70.52 billion, a P/E ratio of 48.99, a PEG ratio of 2.22 and a beta of 1.43. TransDigm Group Incorporated has a twelve month low of $949.99 and a twelve month high of $1,451.32.

TransDigm Group Increases Dividend

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

Insider Activity

In other news, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $30,228,611.80. This trade represents a 20.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 transaction of $4,127,670.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,953,204. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,944 shares of company stock worth $23,541,085. 4.96% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on TDG shares. Susquehanna lifted their target price on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. KeyCorp boosted their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. UBS Group reduced their price target 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. Northcoast Research began coverage on shares of TransDigm Group in a research note on Thursday, August 1st. They issued a “neutral” rating on the stock. Finally, Jefferies Financial Group decreased their price target on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,461.82.

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.