Bank of Montreal Can Sells 14,369 Shares of TransDigm Group Incorporated (NYSE:TDG)

Bank of Montreal Can cut its holdings in TransDigm Group Incorporated (NYSE:TDG) by 19.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,223 shares of the aerospace company’s stock after selling 14,369 shares during the period. Bank of Montreal Can’s holdings in TransDigm Group were worth $85,889,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TDG. Lazard Asset Management LLC increased its holdings in shares of TransDigm Group by 31.2% during the 1st quarter. Lazard Asset Management LLC now owns 395 shares of the aerospace company’s stock valued at $486,000 after acquiring an additional 94 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of TransDigm Group by 1.2% in the first quarter. B. Riley Wealth Advisors Inc. now owns 763 shares of the aerospace company’s stock valued at $940,000 after purchasing an additional 9 shares during the period. Tidal Investments LLC lifted its stake in shares of TransDigm Group by 7.3% in the first quarter. Tidal Investments LLC now owns 950 shares of the aerospace company’s stock worth $1,170,000 after buying an additional 65 shares during the last quarter. iA Global Asset Management Inc. grew its stake in TransDigm Group by 494.9% in the 1st quarter. iA Global Asset Management Inc. now owns 7,609 shares of the aerospace company’s stock valued at $9,371,000 after buying an additional 6,330 shares during the last quarter. Finally, Plato Investment Management Ltd grew its stake in TransDigm Group by 75,600.0% in the 1st quarter. Plato Investment Management Ltd now owns 757 shares of the aerospace company’s stock valued at $932,000 after buying an additional 756 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

TransDigm Group Stock Up 0.0 %

Shares of TDG opened at $1,261.06 on Wednesday. The company has a 50-day moving average price of $1,355.24 and a two-hundred day moving average price of $1,317.52. The stock has a market cap of $70.91 billion, a price-to-earnings ratio of 49.26, a P/E/G ratio of 2.84 and a beta of 1.43. TransDigm Group Incorporated has a 12 month low of $949.99 and a 12 month high of $1,451.32.

TransDigm Group Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Citigroup decreased their price target on shares of TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Morgan Stanley increased their target price on TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. increased 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. Finally, Wells Fargo & Company dropped their target price on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,461.82.

Insider Activity at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at $29,659,098.16. The trade was a 20.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,944 shares of company stock valued at $23,541,085 in the last 90 days. 4.96% of the stock is owned by corporate insiders.

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.