TransDigm Group Incorporated (NYSE:TDG) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its stake in TransDigm Group Incorporated (NYSE:TDG) by 5.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,881 shares of the aerospace company’s stock after acquiring an additional 1,431 shares during the quarter. PNC Financial Services Group Inc.’s holdings in TransDigm Group were worth $42,645,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Legal & General Group Plc lifted its stake in shares of TransDigm Group by 2.6% in the 2nd 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 period. Bank of New York Mellon Corp increased its holdings in TransDigm Group by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 320,771 shares of the aerospace company’s stock valued at $409,821,000 after buying an additional 1,035 shares in the last quarter. Swiss National Bank raised its position in shares of TransDigm Group by 0.9% in the third quarter. Swiss National Bank now owns 166,100 shares of the aerospace company’s stock worth $237,046,000 after acquiring an additional 1,400 shares during the period. Darsana Capital Partners LP purchased a new stake in shares of TransDigm Group during the 2nd quarter worth about $210,806,000. Finally, Canada Pension Plan Investment Board grew its position in shares of TransDigm Group by 13.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 145,411 shares of the aerospace company’s stock valued at $185,779,000 after acquiring an additional 17,182 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Performance

NYSE:TDG opened at $1,293.11 on Thursday. The stock has a market capitalization of $72.71 billion, a P/E ratio of 50.51, a PEG ratio of 2.22 and a beta of 1.43. TransDigm Group Incorporated has a fifty-two week low of $949.99 and a fifty-two week high of $1,451.32. The company has a 50 day moving average price of $1,364.06 and a 200 day moving average price of $1,319.02.

TransDigm Group Increases Dividend

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

Analyst Upgrades and Downgrades

TDG has been the subject of a number of recent analyst reports. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Citigroup reduced their price objective on TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $1,500.00 target price on shares of TransDigm Group in a research note on Wednesday, August 7th. Morgan Stanley increased 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 report on Wednesday, August 7th. Finally, UBS Group reduced their price objective 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. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,461.82.

Insider Activity at TransDigm Group

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