B. Metzler seel. Sohn & Co. Holding AG Makes New Investment in TransDigm Group Incorporated (NYSE:TDG)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of TransDigm Group Incorporated (NYSE:TDG) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 731 shares of the aerospace company’s stock, valued at approximately $1,043,000.

Several other institutional investors also recently made changes to their positions in TDG. Wealth Enhancement Advisory Services LLC increased its position in shares of TransDigm Group by 17.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock valued at $4,980,000 after buying an additional 567 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of TransDigm Group by 26.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,826 shares of the aerospace company’s stock valued at $4,888,000 after acquiring an additional 789 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of TransDigm Group by 8.6% in the third quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock valued at $11,658,000 after acquiring an additional 644 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of TransDigm Group by 90.5% in the first quarter. Cetera Investment Advisers now owns 4,015 shares of the aerospace company’s stock valued at $4,945,000 after acquiring an additional 1,907 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of TransDigm Group by 130.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 29,322 shares of the aerospace company’s stock valued at $35,981,000 after acquiring an additional 16,578 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction on 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 transaction, the director now owns 21,548 shares in the company, valued at $29,659,098.16. The trade was a 20.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,953,204. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 16,944 shares of company stock worth $23,541,085. Corporate insiders own 4.96% of the company’s stock.

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 company has a market cap of $70.87 billion, a P/E ratio of 49.23, a P/E/G ratio of 2.19 and a beta of 1.43. The stock has a fifty day moving average price of $1,359.76 and a 200 day moving average price of $1,318.25.

TransDigm Group Increases Dividend

The business also recently declared a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued 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.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Jefferies Financial Group reduced their price objective on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Citigroup reduced their target price on TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. 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 report on Wednesday, August 7th. Finally, 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 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,461.82.

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.