The Manufacturers Life Insurance Company Lowers Position in TransDigm Group Incorporated (NYSE:TDG)

The Manufacturers Life Insurance Company reduced its stake in TransDigm Group Incorporated (NYSE:TDG) by 0.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,898 shares of the aerospace company’s stock after selling 108 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.07% of TransDigm Group worth $54,085,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fortitude Family Office LLC raised its position in TransDigm Group by 283.3% in the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after buying an additional 17 shares during the last quarter. First Personal Financial Services purchased a new stake in shares of TransDigm Group during the 3rd quarter valued at $29,000. Meeder Asset Management Inc. increased its position in shares of TransDigm Group by 275.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 22 shares during the last quarter. DT Investment Partners LLC increased its position in shares of TransDigm Group by 68.8% during the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 11 shares during the last quarter. Finally, Hershey Financial Advisers LLC purchased a new stake in shares of TransDigm Group during the 2nd quarter valued at $41,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TDG has been the subject of several research analyst reports. Jefferies Financial Group decreased their target price on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Citigroup decreased their target price on TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Northcoast Research initiated coverage on TransDigm Group in a research note on Thursday, August 1st. They set a “neutral” rating for the company. Finally, Wells Fargo & Company cut their price target on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research note 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,461.82.

TransDigm Group Stock Down 1.1 %

Shares of NYSE TDG opened at $1,249.33 on Friday. TransDigm Group Incorporated has a 52 week low of $949.99 and a 52 week high of $1,451.32. The business has a 50-day simple moving average of $1,349.97 and a two-hundred day simple moving average of $1,316.58. The company has a market cap of $70.25 billion, a P/E ratio of 48.80, a P/E/G ratio of 2.84 and a beta of 1.43.

TransDigm Group Increases Dividend

The firm also recently declared a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were issued a $75.00 dividend. 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.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $5,046,300. This trade represents a 45.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at approximately $29,659,098.16. The trade was a 20.25 % decrease in their position. 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. Corporate insiders own 4.96% of the company’s stock.

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.