Citizens Financial Group Inc. RI Purchases 64 Shares of TransDigm Group Incorporated (NYSE:TDG)

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

Several other hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC lifted its position in TransDigm Group by 283.3% during 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 period. First Personal Financial Services bought a new position in shares of TransDigm Group during the third quarter valued at approximately $29,000. Meeder Asset Management Inc. lifted its holdings in shares of TransDigm Group by 275.0% during the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 22 shares during the last quarter. DT Investment Partners LLC boosted its position 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 worth $39,000 after purchasing an additional 11 shares in the last quarter. Finally, Hershey Financial Advisers LLC purchased a new stake in shares of TransDigm Group in the 2nd quarter worth approximately $41,000. 95.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated 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 transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. The trade was a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction that occurred 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 directly owns 21,548 shares in the company, valued at approximately $29,659,098.16. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,944 shares of company stock worth $23,541,085 over the last 90 days. 4.96% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TDG. KeyCorp lifted their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Jefferies Financial Group dropped their price target on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. JPMorgan Chase & Co. raised their price objective 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. Wells Fargo & Company dropped their target price on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 7th. Finally, Citigroup reduced their price target on shares of TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,461.82.

TransDigm Group Price Performance

TransDigm Group stock opened at $1,260.32 on Friday. The firm’s 50 day moving average price is $1,359.76 and its 200-day moving average price is $1,318.20. TransDigm Group Incorporated has a 1 year low of $949.99 and a 1 year 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.

TransDigm Group Increases Dividend

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

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.