Fifth Third Wealth Advisors LLC Reduces Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Fifth Third Wealth Advisors LLC trimmed its holdings in TransDigm Group Incorporated (NYSE:TDG) by 1.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 467 shares of the aerospace company’s stock after selling 9 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in TransDigm Group were worth $666,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Legal & General Group Plc raised its stake in shares of TransDigm Group by 2.6% during the 2nd quarter. Legal & General Group Plc now owns 365,745 shares of the aerospace company’s stock valued at $467,282,000 after purchasing an additional 9,180 shares during the period. Bank of New York Mellon Corp grew its holdings in TransDigm Group by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 320,771 shares of the aerospace company’s stock valued at $409,821,000 after buying an additional 1,035 shares in the last quarter. Swiss National Bank increased its position in shares of TransDigm Group by 0.9% during the third quarter. Swiss National Bank now owns 166,100 shares of the aerospace company’s stock valued at $237,046,000 after buying an additional 1,400 shares during the period. Darsana Capital Partners LP bought a new stake in shares of TransDigm Group during the second quarter valued at about $210,806,000. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of TransDigm Group by 13.4% in the second quarter. Canada Pension Plan Investment Board now owns 145,411 shares of the aerospace company’s stock worth $185,779,000 after buying an additional 17,182 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Up 3.4 %

NYSE:TDG opened at $1,293.11 on Thursday. The company has a market cap of $72.71 billion, a price-to-earnings ratio of 50.51, a price-to-earnings-growth 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. The stock has a fifty day simple moving average of $1,364.06 and a 200-day simple moving average of $1,319.02.

TransDigm Group Increases Dividend

The company also recently disclosed a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were paid a $75.00 dividend. 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.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price target 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. Wells Fargo & Company decreased their target price on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 7th. Northcoast Research initiated coverage on TransDigm Group in a report on Thursday, August 1st. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. boosted their price objective on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,461.82.

Insider Activity at TransDigm Group

In related 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 of the company’s stock, valued at approximately $30,228,611.80. This trade represents a 20.25 % decrease in their position. The sale 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 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 completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,953,204. This 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 worth $23,541,085 over the last quarter. Insiders own 4.96% of the company’s stock.

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.