TransDigm Group Incorporated (NYSE:TDG) Shares Bought by Plato Investment Management Ltd

Plato Investment Management Ltd lifted its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 16.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 983 shares of the aerospace company’s stock after buying an additional 140 shares during the quarter. Plato Investment Management Ltd’s holdings in TransDigm Group were worth $1,401,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. First Personal Financial Services acquired a new stake in shares of TransDigm Group during the third quarter worth approximately $29,000. Fortitude Family Office LLC grew its position in shares of TransDigm Group by 283.3% during the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after buying an additional 17 shares in the last quarter. DT Investment Partners LLC grew its position in shares of TransDigm Group by 68.8% during the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after buying an additional 11 shares in the last quarter. Meeder Asset Management Inc. grew its position in shares of TransDigm Group by 275.0% during the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after buying an additional 22 shares in the last quarter. Finally, Hershey Financial Advisers LLC acquired a new stake in shares of TransDigm Group during the second quarter worth approximately $41,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Buying and Selling

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the company’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 of the company’s stock, valued at approximately $29,659,098.16. This represents a 20.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $5,046,300. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,944 shares of company stock valued at $23,541,085 over the last 90 days. 4.96% of the stock is currently owned by company insiders.

TransDigm Group Stock Down 6.6 %

TDG stock opened at $1,273.17 on Friday. The company has a market capitalization of $71.59 billion, a P/E ratio of 49.73, a PEG ratio of 2.41 and a beta of 1.43. The company has a 50-day simple moving average of $1,368.86 and a 200 day simple moving average of $1,319.00. TransDigm Group Incorporated has a fifty-two week low of $949.99 and a fifty-two week high of $1,451.32.

TransDigm Group Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Morgan Stanley boosted their target price on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. boosted their target price on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Wells Fargo & Company lowered their target price on shares of 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. Finally, Susquehanna boosted 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 research note on Wednesday, August 7th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.