Investment Management Corp of Ontario Has $2.59 Million Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Investment Management Corp of Ontario grew its position in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 49.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,817 shares of the aerospace company's stock after purchasing an additional 600 shares during the period. Investment Management Corp of Ontario's holdings in TransDigm Group were worth $2,593,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its holdings in TransDigm Group by 17.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company's stock worth $4,980,000 after purchasing an additional 567 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake 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 acquiring an additional 789 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of TransDigm Group by 8.6% in the 3rd quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company's stock valued at $11,658,000 after acquiring an additional 644 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of 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 last quarter. Finally, Swiss National Bank increased its stake in shares of TransDigm Group by 0.9% in the 3rd quarter. Swiss National Bank now owns 166,100 shares of the aerospace company's stock valued at $237,046,000 after acquiring an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Insiders Place Their Bets

In related news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction dated Tuesday, October 15th. The stock was 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 of the company's stock, valued at $5,046,300. This trade represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director W Nicholas Howley sold 5,472 shares of the firm's stock in a transaction dated 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 sale, the director now directly owns 21,548 shares in the company, valued at $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 90 days. Company insiders own 4.96% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. Susquehanna upped their price target on TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft upped their price target on TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. Morgan Stanley upped their price objective on TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company dropped their price objective on TransDigm Group from $1,390.00 to $1,350.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,464.00.

TransDigm Group Trading Down 1.1 %

TDG stock traded down $14.95 during trading hours on Thursday, hitting $1,292.86. 258,788 shares of the stock were exchanged, compared to its average volume of 226,878. The firm has a market capitalization of $72.70 billion, a P/E ratio of 50.50, a P/E/G ratio of 2.88 and a beta of 1.39. The company has a 50-day simple moving average of $1,335.99 and a two-hundred day simple moving average of $1,316.22. TransDigm Group Incorporated has a 12 month low of $958.73 and a 12 month high of $1,451.32.

TransDigm Group Increases Dividend

The company also recently disclosed a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were given a dividend of $75.00 per share. This is a boost 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.