Dai ichi Life Insurance Company Ltd Increases Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Dai ichi Life Insurance Company Ltd raised its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 18.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,605 shares of the aerospace company’s stock after acquiring an additional 1,631 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in TransDigm Group were worth $15,135,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DRW Securities LLC purchased a new stake in TransDigm Group in the third quarter valued at $701,000. Prosperity Financial Group Inc. raised its position in TransDigm Group by 3.6% in the third quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company’s stock valued at $328,000 after purchasing an additional 8 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of TransDigm Group by 14.7% in the third quarter. Daiwa Securities Group Inc. now owns 6,938 shares of the aerospace company’s stock valued at $9,901,000 after buying an additional 888 shares in the last quarter. Westfield Capital Management Co. LP lifted its stake in TransDigm Group by 2.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company’s stock worth $530,980,000 after acquiring an additional 8,655 shares in the last quarter. Finally, Cerity Partners LLC grew its position in TransDigm Group by 39.1% in the 3rd quarter. Cerity Partners LLC now owns 7,269 shares of the aerospace company’s stock valued at $10,373,000 after acquiring an additional 2,043 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Performance

Shares of TDG stock opened at $1,261.52 on Tuesday. TransDigm Group Incorporated has a 1 year low of $949.99 and a 1 year high of $1,451.32. The firm has a market capitalization of $70.94 billion, a PE ratio of 49.28, a price-to-earnings-growth ratio of 2.84 and a beta of 1.43. The stock has a fifty day moving average of $1,357.52 and a two-hundred day moving average of $1,317.87.

TransDigm Group Increases Dividend

The business also recently announced a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were paid 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.

Insiders Place Their Bets

In related news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $4,205,250.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $5,046,300. This represents 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 have sold 16,944 shares of company stock worth $23,541,085. 4.96% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. KeyCorp raised 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 research note 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. JPMorgan Chase & Co. lifted their price target on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Susquehanna upped their target price on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research report on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, TransDigm Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,461.82.

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.