PNC Financial Services Group Inc. Acquires 1,431 Shares of TransDigm Group Incorporated (NYSE:TDG)

PNC Financial Services Group Inc. lifted its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 5.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 29,881 shares of the aerospace company's stock after acquiring an additional 1,431 shares during the period. PNC Financial Services Group Inc. owned 0.05% of TransDigm Group worth $42,645,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of TDG. Orion Portfolio Solutions LLC boosted its position in TransDigm Group by 47.8% during the 1st quarter. Orion Portfolio Solutions LLC now owns 878 shares of the aerospace company's stock worth $1,081,000 after acquiring an additional 284 shares during the period. O Shaughnessy Asset Management LLC boosted its position in shares of TransDigm Group by 19.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,798 shares of the aerospace company's stock valued at $3,446,000 after purchasing an additional 452 shares during the period. Clearbridge Investments LLC purchased a new stake in TransDigm Group during the first quarter valued at about $5,699,000. CANADA LIFE ASSURANCE Co raised its stake in TransDigm Group by 4.4% during 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 period. Finally, Pitcairn Co. purchased a new stake in shares of TransDigm Group in the first quarter valued at $245,000. Institutional investors and hedge funds own 95.78% of the company's stock.

TransDigm Group Stock Up 3.4 %

NYSE TDG opened at $1,293.11 on Thursday. The company has a market capitalization of $72.71 billion, a PE ratio of 50.51, a price-to-earnings-growth ratio of 2.21 and a beta of 1.43. TransDigm Group Incorporated has a 12-month low of $949.99 and a 12-month high of $1,451.32. The firm's 50 day moving average is $1,364.06 and its 200-day moving average is $1,319.02.

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 paid a $75.00 dividend. This is an increase from TransDigm Group's previous special dividend of $32.50. The ex-dividend date of this dividend was Friday, October 4th.

Insiders Place Their Bets

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the company's stock in a transaction that occurred 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 sale, the director now owns 21,548 shares in the company, valued at $30,228,611.80. This represents a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on 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 transaction, the chief operating officer now owns 3,600 shares of the company's stock, valued at $5,046,300. This represents a 45.45 % 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 valued at $23,541,085 in the last 90 days. 4.96% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TDG has been the subject of several research analyst reports. Citigroup reduced their price objective on TransDigm Group from $1,648.00 to $1,563.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. Susquehanna boosted their price objective 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. Royal Bank of Canada reiterated an "outperform" rating and issued a $1,500.00 target price on shares of TransDigm Group in a research report on Wednesday, August 7th. 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 report on Thursday, October 3rd. Finally, Northcoast Research initiated coverage on TransDigm Group in a report on Thursday, August 1st. They set a "neutral" rating for the company. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,461.82.

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.