Barclays PLC Reduces Position in TransDigm Group Incorporated (NYSE:TDG)

Barclays PLC trimmed its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 4.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 137,256 shares of the aerospace company's stock after selling 6,030 shares during the quarter. Barclays PLC owned about 0.24% of TransDigm Group worth $195,879,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. First Personal Financial Services purchased a new position in shares of TransDigm Group during the third quarter worth about $29,000. Erste Asset Management GmbH bought a new position in shares of TransDigm Group in the 3rd quarter worth $29,000. Meeder Asset Management Inc. increased its holdings in shares of TransDigm Group by 275.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company's stock worth $38,000 after buying an additional 22 shares during the last quarter. DT Investment Partners LLC raised its position 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 buying an additional 11 shares in the last quarter. Finally, Hershey Financial Advisers LLC bought a new stake in shares of TransDigm Group during the 2nd quarter worth $41,000. 95.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TDG shares. StockNews.com cut shares of TransDigm Group from a "buy" rating to a "hold" rating in a research report on Friday. Citigroup boosted their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. KeyCorp raised their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their target price on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a "neutral" rating in a report on Monday, October 14th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, TransDigm Group has an average rating of "Moderate Buy" and a consensus price target of $1,464.00.

Insiders Place Their Bets

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 transaction of $4,205,250.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at $5,046,300. This represents a 45.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 value of $7,676,395.20. Following the completion of the sale, the director now directly owns 21,548 shares of the company's stock, valued at $30,228,611.80. The trade was a 20.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,944 shares of company stock valued at $23,541,085. Corporate insiders own 4.96% of the company's stock.

TransDigm Group Stock Up 0.2 %

TransDigm Group stock traded up $3.08 during trading hours on Tuesday, hitting $1,261.57. The stock had a trading volume of 167,506 shares, compared to its average volume of 226,978. The stock's 50-day moving average price is $1,330.10 and its 200-day moving average price is $1,315.24. TransDigm Group Incorporated has a 12-month low of $972.08 and a 12-month high of $1,451.32. The stock has a market capitalization of $70.94 billion, a P/E ratio of 49.28, a price-to-earnings-growth ratio of 2.93 and a beta of 1.39.

TransDigm Group Increases Dividend

The firm also recently announced a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were paid a dividend of $75.00 per share. This is an increase from TransDigm Group's previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

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.