Metis Global Partners LLC Increases Position in TransDigm Group Incorporated (NYSE:TDG)

Metis Global Partners LLC grew its stake in TransDigm Group Incorporated (NYSE:TDG) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,791 shares of the aerospace company’s stock after purchasing an additional 36 shares during the quarter. Metis Global Partners LLC’s holdings in TransDigm Group were worth $2,556,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Snider Financial Group boosted its position in TransDigm Group by 6.5% during the third quarter. Snider Financial Group now owns 2,256 shares of the aerospace company’s stock worth $3,220,000 after acquiring an additional 137 shares during the last quarter. Huntington National Bank increased its position in shares of TransDigm Group by 2.6% during the third quarter. Huntington National Bank now owns 778 shares of the aerospace company’s stock valued at $1,110,000 after acquiring an additional 20 shares during the last quarter. Plato Investment Management Ltd boosted its position in shares of TransDigm Group by 16.6% during the third quarter. Plato Investment Management Ltd now owns 983 shares of the aerospace company’s stock worth $1,401,000 after buying an additional 140 shares during the period. Pier 88 Investment Partners LLC lifted its position in shares of TransDigm Group by 11.8% during the third quarter. Pier 88 Investment Partners LLC now owns 2,845 shares of the aerospace company’s stock worth $4,060,000 after purchasing an additional 300 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in TransDigm Group by 0.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 1,803 shares of the aerospace company’s stock valued at $2,573,000 after buying an additional 16 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group reduced their price objective on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft raised their price target on TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. UBS Group reduced their price objective on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. JPMorgan Chase & Co. increased 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 report on Monday, October 14th. Finally, KeyCorp lifted their target price on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,461.82.

Insider Activity at TransDigm Group

In other TransDigm Group news, 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 directly owns 21,548 shares of the company’s stock, valued at $29,659,098.16. This trade represents a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,953,204. The trade was 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 ninety days. Corporate insiders own 4.96% of the company’s stock.

TransDigm Group Stock Performance

TransDigm Group stock opened at $1,254.16 on Friday. The firm has a market capitalization of $70.52 billion, a PE ratio of 48.99, a price-to-earnings-growth ratio of 2.41 and a beta of 1.43. The stock’s 50 day moving average price is $1,367.73 and its 200 day moving average price is $1,318.68. TransDigm Group Incorporated has a one year low of $949.99 and a one year 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 issued a dividend of $75.00 per share. The ex-dividend date of this dividend was Friday, October 4th. This is an increase 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.