PNC Financial Services Group Inc. Buys 1,431 Shares of TransDigm Group Incorporated (NYSE:TDG)

PNC Financial Services Group Inc. lifted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 5.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,881 shares of the aerospace company’s stock after purchasing an additional 1,431 shares during the quarter. PNC Financial Services Group Inc. owned 0.05% of TransDigm Group worth $42,645,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in TDG. Darsana Capital Partners LP purchased a new position in shares of TransDigm Group in the second quarter valued at about $210,806,000. International Assets Investment Management LLC boosted its stake in TransDigm Group by 108,517.8% during the 3rd quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company’s stock valued at $69,755,000 after purchasing an additional 48,833 shares during the last quarter. Point72 Asset Management L.P. grew 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 acquiring an additional 48,769 shares during the period. Davidson Kempner Capital Management LP bought a new stake in shares of TransDigm Group in the second quarter worth $35,134,000. Finally, Baskin Financial Services Inc. purchased a new stake in TransDigm Group during the third quarter valued at approximately $30,404,000. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Up 3.4 %

Shares of TransDigm Group stock opened at $1,293.11 on Thursday. TransDigm Group Incorporated has a 52-week low of $949.99 and a 52-week high of $1,451.32. The firm’s 50 day moving average price is $1,364.06 and its 200-day moving average price is $1,319.02. The company has a market cap of $72.71 billion, a P/E ratio of 50.51, a PEG ratio of 2.22 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. Shareholders of record on Friday, October 4th were issued a $75.00 dividend. The ex-dividend date was Friday, October 4th. This is an increase from TransDigm Group’s previous special dividend of $32.50.

Insider Activity

In related news, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the completion of the transaction, the director now owns 21,548 shares in the company, valued at $29,659,098.16. This trade represents a 20.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of the business’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 sale, the chief operating officer now 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 have sold a total of 16,944 shares of company stock worth $23,541,085 over the last 90 days. 4.96% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TDG. KeyCorp lifted their target price 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. JPMorgan Chase & Co. increased 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 report on Monday, October 14th. Jefferies Financial Group dropped their target price on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft upped 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 report on Thursday, October 3rd. Finally, StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, TransDigm Group currently has an average rating of “Moderate Buy” and an average target price 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.