Zurcher Kantonalbank Zurich Cantonalbank Has $51.24 Million Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 6.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,904 shares of the aerospace company’s stock after buying an additional 2,210 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in TransDigm Group were worth $51,240,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC boosted its holdings in TransDigm Group by 17.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock valued at $4,980,000 after purchasing an additional 567 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in TransDigm Group by 26.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,826 shares of the aerospace company’s stock worth $4,888,000 after buying an additional 789 shares in the last quarter. CIBC Asset Management Inc increased its stake in TransDigm Group by 8.6% during the 3rd quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock worth $11,658,000 after acquiring an additional 644 shares during the period. Cetera Investment Advisers raised its holdings in TransDigm Group by 90.5% in the 1st quarter. Cetera Investment Advisers now owns 4,015 shares of the aerospace company’s stock valued at $4,945,000 after acquiring an additional 1,907 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in TransDigm Group by 130.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 29,322 shares of the aerospace company’s stock valued at $35,981,000 after acquiring an additional 16,578 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Insider Activity

In other news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. This represents a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction on 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 transaction, the director now directly owns 21,548 shares of the company’s stock, valued at $30,228,611.80. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,944 shares of company stock valued at $23,541,085. Company insiders own 4.96% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Royal Bank of Canada restated an “outperform” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research report on Wednesday, August 7th. Susquehanna boosted their target price on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Northcoast Research began coverage on shares of TransDigm Group in a research report on Thursday, August 1st. They set a “neutral” rating on the stock. KeyCorp lifted 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, Jefferies Financial Group reduced their target price on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,461.82.

TransDigm Group Stock Performance

Shares of NYSE:TDG opened at $1,249.33 on Friday. The firm has a market cap of $70.25 billion, a PE ratio of 48.80, a price-to-earnings-growth ratio of 2.81 and a beta of 1.43. TransDigm Group Incorporated has a 52 week low of $949.99 and a 52 week high of $1,451.32. The firm’s fifty day moving average is $1,349.97 and its 200-day moving average is $1,316.58.

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. 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.