Fifth Third Wealth Advisors LLC Lowers Position in TransDigm Group Incorporated (NYSE:TDG)

Fifth Third Wealth Advisors LLC reduced its stake in TransDigm Group Incorporated (NYSE:TDG) by 1.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 467 shares of the aerospace company’s stock after selling 9 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in TransDigm Group were worth $666,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Fortitude Family Office LLC lifted its holdings in shares of TransDigm Group by 283.3% in the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 17 shares during the last quarter. First Personal Financial Services purchased a new stake in TransDigm Group in the third quarter valued at approximately $29,000. Meeder Asset Management Inc. lifted its stake in TransDigm Group by 275.0% during the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 22 shares in the last quarter. DT Investment Partners LLC boosted its position in shares of TransDigm Group by 68.8% during the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after buying an additional 11 shares during the period. Finally, Hershey Financial Advisers LLC acquired a new stake in shares of TransDigm Group in the second quarter valued at $41,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Activity at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business’s 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 sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,953,204. The trade was a 45.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at $30,228,611.80. This trade 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 worth $23,541,085 in the last ninety days. 4.96% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TDG. Northcoast Research initiated coverage on shares of TransDigm Group in a research note on Thursday, August 1st. They set a “neutral” rating on the stock. JPMorgan Chase & Co. upped their target price 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. Morgan Stanley raised 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 research report on Wednesday, August 7th. Wells Fargo & Company cut their price objective on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 7th. Finally, KeyCorp lifted their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,461.82.

TransDigm Group Stock Performance

TransDigm Group stock opened at $1,293.11 on Thursday. TransDigm Group Incorporated has a 1 year low of $949.99 and a 1 year high of $1,451.32. The firm’s 50-day moving average is $1,364.06 and its 200-day moving average 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 company also recently disclosed a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued a $75.00 dividend. The ex-dividend date of this dividend was Friday, October 4th. This is a boost from TransDigm Group’s previous special dividend of $32.50.

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.