Huntington National Bank Boosts Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Huntington National Bank increased its holdings in TransDigm Group Incorporated (NYSE:TDG) by 2.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 778 shares of the aerospace company’s stock after purchasing an additional 20 shares during the period. Huntington National Bank’s holdings in TransDigm Group were worth $1,110,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Fortitude Family Office LLC grew its stake 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 buying an additional 17 shares in the last quarter. First Personal Financial Services bought a new position in shares of TransDigm Group in the 3rd quarter valued at about $29,000. Meeder Asset Management Inc. grew its position in TransDigm Group by 275.0% in the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 22 shares in the last quarter. DT Investment Partners LLC increased its stake in 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 acquiring an additional 11 shares during the last quarter. Finally, Hershey Financial Advisers LLC purchased a new stake in TransDigm Group during the second quarter valued at approximately $41,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Northcoast Research initiated coverage on TransDigm Group in a research report on Thursday, August 1st. They set a “neutral” rating on the stock. Morgan Stanley boosted their price objective 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 dropped their price target on shares of 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 issued a $1,500.00 price objective on shares of TransDigm Group in a research report on Wednesday, August 7th. Finally, UBS Group dropped their target price on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TransDigm Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,461.82.

Insider Buying and Selling

In related news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were 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 of the company’s stock, valued at $29,659,098.16. The trade was a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction on 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 directly owns 3,600 shares in the company, valued at $5,046,300. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,944 shares of company stock valued at $23,541,085 over the last three months. 4.96% of the stock is owned by company insiders.

TransDigm Group Stock Down 1.4 %

Shares of NYSE TDG opened at $1,254.16 on Friday. TransDigm Group Incorporated has a twelve month low of $949.99 and a twelve month high of $1,451.32. The firm has a market cap of $70.52 billion, a PE ratio of 48.69, a price-to-earnings-growth ratio of 2.41 and a beta of 1.43. The business has a fifty day simple moving average of $1,367.73 and a two-hundred day simple moving average of $1,318.68.

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. This is an increase from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

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.