Public Sector Pension Investment Board Has $3.50 Million Stake in TransDigm Group Incorporated (NYSE:TDG)

Public Sector Pension Investment Board grew its stake in TransDigm Group Incorporated (NYSE:TDG) by 13.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,453 shares of the aerospace company’s stock after purchasing an additional 300 shares during the period. Public Sector Pension Investment Board’s holdings in TransDigm Group were worth $3,501,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in TDG. First Personal Financial Services bought a new position in TransDigm Group in the third quarter valued at about $29,000. Fortitude Family Office LLC boosted its position in TransDigm Group by 283.3% during the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after buying an additional 17 shares during the period. DT Investment Partners LLC grew its holdings in TransDigm Group by 68.8% during 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 last quarter. Meeder Asset Management Inc. increased its position in TransDigm Group by 275.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 22 shares during the period. Finally, Hershey Financial Advisers LLC bought a new position in shares of TransDigm Group during the second quarter valued at $41,000. 95.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TDG. 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 report on Monday, October 14th. Morgan Stanley raised their price objective on TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Citigroup reduced their target price on TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. UBS Group dropped 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. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,461.82.

Insider Transactions at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. This represents a 45.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total transaction 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 represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,944 shares of company stock valued at $23,541,085 over the last three months. Corporate insiders own 4.96% of the company’s stock.

TransDigm Group Stock Down 0.1 %

Shares of TDG opened at $1,258.71 on Wednesday. The stock has a market cap of $70.78 billion, a P/E ratio of 49.17, a P/E/G ratio of 2.84 and a beta of 1.39. The business’s fifty day moving average is $1,340.50 and its 200 day moving average is $1,316.46. TransDigm Group Incorporated has a 12-month low of $950.93 and a 12-month high of $1,451.32.

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 issued a dividend of $75.00 per share. This is a boost from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date of this dividend was Friday, October 4th.

TransDigm Group 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.