Tokio Marine Asset Management Co. Ltd. Decreases Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Tokio Marine Asset Management Co. Ltd. decreased its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,585 shares of the aerospace company’s stock after selling 19 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in TransDigm Group were worth $2,262,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. QRG Capital Management Inc. raised its holdings in TransDigm Group by 7.0% in the first quarter. QRG Capital Management Inc. now owns 549 shares of the aerospace company’s stock valued at $677,000 after acquiring an additional 36 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of TransDigm Group by 47.8% during the first quarter. Orion Portfolio Solutions LLC now owns 878 shares of the aerospace company’s stock worth $1,081,000 after purchasing an additional 284 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in TransDigm Group by 24.0% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 583 shares of the aerospace company’s stock valued at $718,000 after buying an additional 113 shares during the last quarter. Tocqueville Asset Management L.P. acquired a new stake in TransDigm Group in the first quarter valued at $236,000. Finally, Pinkerton Retirement Specialists LLC purchased a new stake in TransDigm Group during the 1st quarter worth about $203,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Buying and Selling at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer now directly 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 document filed with the SEC, which is available at this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the sale, the director now owns 21,548 shares in the company, valued at approximately $30,228,611.80. The trade was a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,944 shares of company stock valued at $23,541,085. 4.96% of the stock is owned by company insiders.

TransDigm Group Trading Down 6.6 %

NYSE TDG opened at $1,273.17 on Friday. The business’s 50 day moving average is $1,368.86 and its two-hundred day moving average is $1,319.00. The stock has a market capitalization 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 Incorporated has a 12-month low of $949.99 and a 12-month high of $1,451.32.

TransDigm Group Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TDG shares. UBS Group cut their target price on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. JPMorgan Chase & Co. raised their price objective on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. KeyCorp upped their target price on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Northcoast Research began coverage on shares of TransDigm Group in a research note on Thursday, August 1st. They set a “neutral” rating on the stock. Finally, Morgan Stanley raised their price objective on TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,461.82.

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.