ING Groep NV Acquires New Position in TransDigm Group Incorporated (NYSE:TDG)

ING Groep NV bought a new position in TransDigm Group Incorporated (NYSE:TDG) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,504 shares of the aerospace company’s stock, valued at approximately $14,991,000.

Several other institutional investors also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its position in shares of TransDigm Group by 17.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock worth $4,980,000 after acquiring an additional 567 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of TransDigm Group by 26.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,826 shares of the aerospace company’s stock worth $4,888,000 after buying an additional 789 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in TransDigm Group by 4.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 19,322 shares of the aerospace company’s stock valued at $23,781,000 after acquiring an additional 819 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in 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 acquiring an additional 452 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of TransDigm Group by 90.5% in the 1st quarter. Cetera Investment Advisers now owns 4,015 shares of the aerospace company’s stock worth $4,945,000 after purchasing an additional 1,907 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TDG shares. UBS Group lowered their price target 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. Northcoast Research started coverage on TransDigm Group in a report on Thursday, August 1st. They issued a “neutral” rating for the company. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Monday. Susquehanna raised their price target 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, Wells Fargo & Company cut their price objective on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 7th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, TransDigm Group currently has an average rating of “Moderate Buy” and a consensus price target of $1,461.82.

TransDigm Group Stock Performance

TDG opened at $1,273.17 on Friday. TransDigm Group Incorporated has a twelve month low of $949.99 and a twelve month high of $1,451.32. The firm’s 50-day simple moving average is $1,368.86 and its 200-day simple moving average is $1,319.00. The firm has a market cap of $71.59 billion, a price-to-earnings ratio of 49.73, a PEG ratio of 2.41 and a beta of 1.43.

TransDigm Group Increases Dividend

The business also recently declared a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were given a dividend of $75.00 per share. This is an increase from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date of this dividend was Friday, October 4th.

Insider Activity

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the completion of the sale, the director now 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,953,204. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,944 shares of company stock valued at $23,541,085 over the last three months. 4.96% of the stock is owned by insiders.

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.