Natixis Advisors LLC Reduces Position in TransDigm Group Incorporated (NYSE:TDG)

Natixis Advisors LLC reduced its holdings in TransDigm Group Incorporated (NYSE:TDG) by 0.4% during the 3rd quarter, Holdings Channel reports. The fund owned 27,194 shares of the aerospace company’s stock after selling 109 shares during the period. Natixis Advisors LLC’s holdings in TransDigm Group were worth $38,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Fortitude Family Office LLC boosted its holdings in shares of TransDigm Group by 283.3% in the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 17 shares during the last quarter. First Personal Financial Services purchased a new stake in shares of TransDigm Group in the 3rd quarter valued at $29,000. Meeder Asset Management Inc. boosted its holdings in shares of TransDigm Group by 275.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 22 shares during the last quarter. DT Investment Partners LLC boosted its holdings in shares of TransDigm Group by 68.8% in the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 11 shares during the last quarter. Finally, Hershey Financial Advisers LLC purchased a new stake in shares of TransDigm Group in the 2nd quarter valued at $41,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Trading Down 1.4 %

NYSE:TDG opened at $1,254.16 on Monday. The company’s 50-day moving average price is $1,366.93 and its 200-day moving average price is $1,319.64. The company has a market cap of $70.52 billion, a P/E ratio of 48.99, a P/E/G ratio of 2.22 and a beta of 1.43. TransDigm Group Incorporated has a twelve month low of $949.99 and a twelve month high of $1,451.32.

TransDigm Group Increases Dividend

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

Insider Transactions at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at $30,228,611.80. The trade was a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated 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 directly owns 3,600 shares in the company, valued at $5,046,300. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,944 shares of company stock valued at $23,541,085. Corporate insiders own 4.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TDG shares. Citigroup dropped their price objective on shares of TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Susquehanna increased their price target on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Wells Fargo & Company lowered their price target 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. JPMorgan Chase & Co. increased their price target 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. Finally, Morgan Stanley increased their price target on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.