Citizens Financial Group Inc. RI Boosts Stake in TransDigm Group Incorporated (NYSE:TDG)

Citizens Financial Group Inc. RI grew its stake in TransDigm Group Incorporated (NYSE:TDG) by 13.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 555 shares of the aerospace company’s stock after acquiring an additional 64 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in TransDigm Group were worth $792,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Legal & General Group Plc grew its stake in TransDigm Group by 2.6% in the second 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 last quarter. Bank of New York Mellon Corp raised its stake in shares of TransDigm Group by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 320,771 shares of the aerospace company’s stock worth $409,821,000 after acquiring an additional 1,035 shares in the last quarter. Swiss National Bank raised its stake in shares of TransDigm Group by 0.9% during the 3rd 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 in the last quarter. Darsana Capital Partners LP acquired a new stake in TransDigm Group in the second quarter valued at approximately $210,806,000. Finally, Canada Pension Plan Investment Board boosted its stake in TransDigm Group by 13.4% in the second 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 in the last quarter. 95.78% of the stock is owned by institutional investors.

TransDigm Group Trading Up 1.6 %

Shares of NYSE TDG opened at $1,260.32 on Friday. TransDigm Group Incorporated has a 12-month low of $949.99 and a 12-month high of $1,451.32. The stock has a market cap of $70.87 billion, a P/E ratio of 49.23, a PEG ratio of 2.21 and a beta of 1.43. The business’s fifty day simple moving average is $1,359.76 and its 200-day simple moving average is $1,318.20.

TransDigm Group Increases Dividend

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

Insider Buying and Selling

In other news, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the sale, the director now directly owns 21,548 shares in the company, valued at approximately $30,228,611.80. This trade represents a 20.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $5,046,300. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,944 shares of company stock worth $23,541,085. Company insiders own 4.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TDG shares. Susquehanna increased their price objective on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. 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. 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. Northcoast Research assumed coverage on shares of TransDigm Group in a research note on Thursday, August 1st. They issued a “neutral” rating for the company. Finally, JPMorgan Chase & Co. upped their price target 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. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,461.82.

TransDigm Group Company 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.