TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Bank of Montreal Can

Bank of Montreal Can reduced its position in TransDigm Group Incorporated (NYSE:TDG) by 19.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,223 shares of the aerospace company’s stock after selling 14,369 shares during the quarter. Bank of Montreal Can owned approximately 0.11% of TransDigm Group worth $85,889,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TDG. Westfield Capital Management Co. LP increased its holdings in shares of TransDigm Group by 2.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company’s stock valued at $530,980,000 after acquiring an additional 8,655 shares during the last quarter. Legal & General Group Plc increased its stake in TransDigm Group by 2.6% during the second 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 last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of TransDigm Group by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 338,106 shares of the aerospace company’s stock worth $482,521,000 after purchasing an additional 4,481 shares during the period. Bank of New York Mellon Corp lifted its position in shares of TransDigm Group by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 320,771 shares of the aerospace company’s stock worth $409,821,000 after buying an additional 1,035 shares during the last quarter. Finally, Swiss National Bank lifted its position in shares of TransDigm Group by 0.9% in the 3rd quarter. Swiss National Bank now owns 166,100 shares of the aerospace company’s stock worth $237,046,000 after buying an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Buying and Selling

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the company’s 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 transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $5,046,300. This represents a 45.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $29,659,098.16. This represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,944 shares of company stock valued at $23,541,085. Company insiders own 4.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TDG. Morgan Stanley boosted their price objective on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. upped their target price 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. Citigroup cut their price target 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. KeyCorp upped their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada reiterated 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 research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,461.82.

TransDigm Group Stock Performance

Shares of NYSE TDG opened at $1,261.06 on Wednesday. TransDigm Group Incorporated has a 1 year low of $949.99 and a 1 year high of $1,451.32. The stock has a fifty day moving average price of $1,355.24 and a two-hundred day moving average price of $1,317.52. The firm has a market cap of $70.91 billion, a P/E ratio of 49.26, a PEG ratio of 2.84 and a beta of 1.43.

TransDigm Group Increases Dividend

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

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.