ING Groep NV Makes New $14.99 Million Investment in TransDigm Group Incorporated (NYSE:TDG)

ING Groep NV bought a new position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 10,504 shares of the aerospace company's stock, valued at approximately $14,991,000.

A number of other hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its position in TransDigm Group by 17.0% in the second 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 in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of TransDigm Group by 26.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,826 shares of the aerospace company's stock valued at $4,888,000 after purchasing an additional 789 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in TransDigm Group by 4.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 19,322 shares of the aerospace company's stock valued at $23,781,000 after purchasing an additional 819 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of TransDigm Group by 19.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,798 shares of the aerospace company's stock worth $3,446,000 after acquiring an additional 452 shares during the period. Finally, Cetera Investment Advisers raised its stake 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 during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TDG shares. KeyCorp lifted their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Royal Bank of Canada reiterated an "outperform" rating and set a $1,500.00 price objective on shares of TransDigm Group in a research note on Wednesday, August 7th. Wells Fargo & Company lowered their price target on TransDigm Group from $1,390.00 to $1,350.00 and set an "equal weight" rating for the company in a report on Wednesday, August 7th. Jefferies Financial Group dropped their target price on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a "buy" rating for the company in a report on Tuesday, August 13th. 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 equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $1,461.82.

TransDigm Group Stock Performance

Shares of TDG stock traded down $17.55 during trading hours on Friday, hitting $1,254.16. 480,558 shares of the company were exchanged, compared to its average volume of 220,220. The company has a 50 day simple moving average of $1,367.73 and a two-hundred day simple moving average of $1,318.68. The firm has a market cap of $70.52 billion, a P/E ratio of 48.69, a P/E/G ratio of 2.41 and a beta of 1.43. TransDigm Group Incorporated has a fifty-two week low of $949.99 and a fifty-two 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 issued a $75.00 dividend. This is a boost from TransDigm Group's previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction on 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 completion of the sale, the director now owns 21,548 shares in the company, valued at approximately $29,659,098.16. The trade was a 20.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, 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 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.