Kentucky Retirement Systems Has $5.58 Million Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Kentucky Retirement Systems decreased its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 7.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,909 shares of the aerospace company’s stock after selling 308 shares during the quarter. Kentucky Retirement Systems’ holdings in TransDigm Group were worth $5,579,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital World Investors raised its holdings in shares of TransDigm Group by 14.3% in the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock worth $4,354,369,000 after acquiring an additional 442,182 shares during the last quarter. Darsana Capital Partners LP bought a new stake in TransDigm Group during the 2nd quarter worth approximately $210,806,000. International Assets Investment Management LLC raised its stake in shares of TransDigm Group by 108,517.8% in the third quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company’s stock worth $69,755,000 after purchasing an additional 48,833 shares during the last quarter. Point72 Asset Management L.P. raised its stake in shares of TransDigm Group by 2,868.8% in the second quarter. Point72 Asset Management L.P. now owns 47,069 shares of the aerospace company’s stock worth $60,136,000 after purchasing an additional 48,769 shares during the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of TransDigm Group by 1.6% in the first quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company’s stock valued at $2,420,882,000 after purchasing an additional 30,393 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Down 1.4 %

Shares of TDG stock opened at $1,254.16 on Friday. The firm’s 50 day moving average is $1,366.93 and its 200 day moving average is $1,319.16. The stock has a market capitalization of $70.52 billion, a P/E ratio of 48.99, a PEG ratio of 2.22 and a beta of 1.43. TransDigm Group Incorporated has a 12 month low of $949.99 and a 12 month high of $1,451.32.

TransDigm Group Increases Dividend

The business also recently announced a special dividend, which was paid on Friday, October 18th. Shareholders 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.

Wall Street Analyst Weigh In

TDG has been the subject of several recent research reports. Morgan Stanley upped their price target on TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Susquehanna upped their target price on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft raised their price target on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. KeyCorp increased their price objective on shares of 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. Finally, UBS Group cut their target price on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,461.82.

Insider Transactions at TransDigm Group

In related news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the completion of the transaction, the director now directly owns 21,548 shares in the company, valued at $30,228,611.80. The trade was a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 3,600 shares in the company, 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. Insiders sold 16,944 shares of company stock valued at $23,541,085 over the last three months. Company insiders own 4.96% of the company’s stock.

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.