Healthcare of Ontario Pension Plan Trust Fund Buys Shares of 22,000 TransDigm Group Incorporated (NYSE:TDG)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) in the third quarter, Holdings Channel reports. The firm bought 22,000 shares of the aerospace company’s stock, valued at approximately $31,397,000.

Other institutional investors also recently modified their holdings of the company. Fortitude Family Office LLC boosted its stake in shares of 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 buying an additional 17 shares during the period. First Personal Financial Services bought a new position in shares of TransDigm Group during the 3rd quarter valued at $29,000. Meeder Asset Management Inc. raised its holdings in shares of TransDigm Group by 275.0% during the 2nd 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 in the last quarter. DT Investment Partners LLC raised its holdings in shares of TransDigm Group by 68.8% during the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 11 shares in the last quarter. Finally, Hershey Financial Advisers LLC bought a new position in shares of TransDigm Group during the 2nd quarter valued at $41,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Price Performance

NYSE TDG opened at $1,249.17 on Thursday. The firm has a market capitalization of $70.24 billion, a price-to-earnings ratio of 48.80, a P/E/G ratio of 2.84 and a beta of 1.43. The company’s fifty day moving average is $1,352.75 and its two-hundred day moving average is $1,317.05. TransDigm Group Incorporated has a 52-week low of $949.99 and a 52-week high of $1,451.32.

TransDigm Group Increases Dividend

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

Insiders Place Their Bets

In other 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 trade represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,944 shares of company stock worth $23,541,085 in the last ninety days. Insiders own 4.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TDG. UBS Group cut their price target on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Susquehanna raised their price target on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Citigroup cut their price target on shares of TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Finally, 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 report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus price target of $1,461.82.

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.