Commerce Bank Cuts Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Commerce Bank reduced its stake in TransDigm Group Incorporated (NYSE:TDG) by 29.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,831 shares of the aerospace company’s stock after selling 768 shares during the period. Commerce Bank’s holdings in TransDigm Group were worth $2,613,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Bennett Selby Investments LP boosted its holdings in TransDigm Group by 2.4% in the 2nd quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company’s stock worth $429,000 after acquiring an additional 8 shares during the period. Souders Financial Advisors boosted its stake in shares of TransDigm Group by 1.0% in the third quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock valued at $1,137,000 after purchasing an additional 8 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in TransDigm Group by 1.2% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 763 shares of the aerospace company’s stock valued at $940,000 after purchasing an additional 9 shares in the last quarter. Csenge Advisory Group increased its stake in TransDigm Group by 0.3% during the 2nd quarter. Csenge Advisory Group now owns 3,723 shares of the aerospace company’s stock worth $4,757,000 after buying an additional 10 shares during the period. Finally, QRG Capital Management Inc. lifted its holdings in TransDigm Group by 2.0% in the 2nd quarter. QRG Capital Management Inc. now owns 560 shares of the aerospace company’s stock worth $715,000 after buying an additional 11 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $5,046,300. This represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the sale, the director now owns 21,548 shares in the company, valued at approximately $29,659,098.16. This represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,944 shares of company stock valued at $23,541,085 in the last quarter. Company insiders own 4.96% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on TDG. UBS Group cut their price target 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. Wells Fargo & Company reduced their target price on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 7th. Royal Bank of Canada reissued an “outperform” rating and set a $1,500.00 price target on shares of TransDigm Group in a research report on Wednesday, August 7th. Morgan Stanley upped their price target on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Finally, StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,461.82.

TransDigm Group Price Performance

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

TransDigm Group Increases Dividend

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

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.