Toronto Dominion Bank Reduces Holdings in TransDigm Group Incorporated (NYSE:TDG)

Toronto Dominion Bank reduced its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 6.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,676 shares of the aerospace company's stock after selling 1,686 shares during the period. Toronto Dominion Bank's holdings in TransDigm Group were worth $32,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TDG. Wealth Enhancement Advisory Services LLC raised its stake in TransDigm Group by 17.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company's stock worth $4,980,000 after acquiring an additional 567 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of TransDigm Group by 26.0% in the second 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. CIBC Asset Management Inc raised its stake in shares of TransDigm Group by 8.6% in the third quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company's stock worth $11,658,000 after purchasing an additional 644 shares during the last quarter. Swiss National Bank lifted its holdings in shares of TransDigm Group by 0.9% during the third quarter. Swiss National Bank now owns 166,100 shares of the aerospace company's stock worth $237,046,000 after purchasing an additional 1,400 shares during the period. Finally, Westfield Capital Management Co. LP boosted its position in TransDigm Group by 2.4% in the third quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company's stock valued at $530,980,000 after buying an additional 8,655 shares during the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at TransDigm Group

In related news, Director W Nicholas Howley sold 5,472 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $29,659,098.16. This represents a 20.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,953,204. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,944 shares of company stock valued at $23,541,085. 4.96% of the stock is owned by insiders.

TransDigm Group Price Performance

TDG stock traded down $6.13 during trading on Thursday, hitting $1,240.52. The stock had a trading volume of 405,764 shares, compared to its average volume of 227,702. TransDigm Group Incorporated has a twelve month low of $972.08 and a twelve month high of $1,451.32. The company's 50-day moving average price is $1,322.76 and its two-hundred day moving average price is $1,314.15. The stock has a market capitalization of $69.75 billion, a P/E ratio of 48.75, a PEG ratio of 2.93 and a beta of 1.39.

TransDigm Group Increases Dividend

The company also recently declared a special dividend, which was paid on Friday, October 18th. Investors 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 of this dividend was Friday, October 4th.

Analysts Set New Price Targets

TDG has been the subject of several recent research reports. Citigroup raised their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. KeyCorp boosted their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. StockNews.com lowered TransDigm Group from a "buy" rating to a "hold" rating in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft boosted their price target on 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, JPMorgan Chase & Co. upped their price objective on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a "neutral" rating in a research 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's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,465.47.

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.