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

Swiss National Bank boosted its holdings in TransDigm Group Incorporated (NYSE:TDG) by 0.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 166,100 shares of the aerospace company’s stock after acquiring an additional 1,400 shares during the period. Swiss National Bank owned 0.30% of TransDigm Group worth $237,046,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in TDG. Orion Portfolio Solutions LLC raised its stake in shares of TransDigm Group by 47.8% in the 1st quarter. Orion Portfolio Solutions LLC now owns 878 shares of the aerospace company’s stock valued at $1,081,000 after acquiring an additional 284 shares during the period. Covestor Ltd boosted its position in shares of TransDigm Group by 279.2% during the first quarter. Covestor Ltd now owns 91 shares of the aerospace company’s stock worth $113,000 after buying an additional 67 shares during the period. O Shaughnessy Asset Management LLC boosted its position in shares of TransDigm Group by 19.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 2,798 shares of the aerospace company’s stock worth $3,446,000 after buying an additional 452 shares during the period. Clearbridge Investments LLC acquired a new stake in shares of TransDigm Group in the first quarter valued at $5,699,000. Finally, UniSuper Management Pty Ltd raised its holdings in shares of TransDigm Group by 233.2% in the 1st quarter. UniSuper Management Pty Ltd now owns 1,556 shares of the aerospace company’s stock valued at $1,916,000 after buying an additional 1,089 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the business’s 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 value of $7,676,395.20. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at approximately $30,228,611.80. The trade was a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the 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 value 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 $5,046,300. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 16,944 shares of company stock valued at $23,541,085. Insiders own 4.96% of the company’s stock.

TransDigm Group Price Performance

NYSE TDG opened at $1,254.16 on Monday. TransDigm Group Incorporated has a 12 month low of $949.99 and a 12 month high of $1,451.32. The company has a market capitalization of $70.52 billion, a price-to-earnings ratio of 48.99, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. The firm’s fifty day moving average price is $1,366.93 and its 200 day moving average price is $1,319.64.

TransDigm Group Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Friday, October 4th. This is a boost from TransDigm Group’s previous special dividend of $32.50.

Analysts Set New Price Targets

A number of equities analysts recently commented on TDG shares. UBS Group lowered their target price on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. KeyCorp lifted their price objective 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. Northcoast Research assumed coverage on shares of TransDigm Group in a report on Thursday, August 1st. They set a “neutral” rating on the stock. Morgan Stanley boosted their price target on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research note on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.