Oppenheimer Asset Management Inc. Sells 224 Shares of TransDigm Group Incorporated (NYSE:TDG)

Oppenheimer Asset Management Inc. trimmed its position in TransDigm Group Incorporated (NYSE:TDG) by 14.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,329 shares of the aerospace company’s stock after selling 224 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in TransDigm Group were worth $1,897,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of TDG. Capital World Investors lifted its stake in shares of TransDigm Group by 14.3% in the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock valued at $4,354,369,000 after purchasing an additional 442,182 shares during the period. Capital Research Global Investors increased its stake in shares of TransDigm Group by 1.6% in the 1st quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company’s stock worth $2,420,882,000 after acquiring an additional 30,393 shares in the last quarter. Legal & General Group Plc lifted its position in TransDigm Group by 2.6% during the 2nd quarter. Legal & General Group Plc now owns 365,745 shares of the aerospace company’s stock valued at $467,282,000 after acquiring an additional 9,180 shares during the period. Bank of New York Mellon Corp boosted its stake in TransDigm Group by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 320,771 shares of the aerospace company’s stock worth $409,821,000 after acquiring an additional 1,035 shares in the last quarter. Finally, Darsana Capital Partners LP purchased a new stake in TransDigm Group in the second quarter worth about $210,806,000. 95.78% of the stock is owned by institutional investors.

TransDigm Group Stock Performance

TDG stock opened at $1,254.16 on Friday. TransDigm Group Incorporated has a one year low of $949.99 and a one year high of $1,451.32. The firm has a market cap of $70.52 billion, a PE ratio of 48.99, a PEG ratio of 2.41 and a beta of 1.43. The firm’s 50 day moving average price is $1,366.93 and its 200-day moving average price is $1,318.66.

TransDigm Group Increases Dividend

The company also recently declared a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were issued a dividend of $75.00 per share. The ex-dividend date was Friday, October 4th. This is a boost from TransDigm Group’s previous special dividend of $32.50.

Insider Buying and Selling at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Tuesday, October 15th. The shares were 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 owns 3,600 shares of the company’s stock, valued at $5,046,300. The trade was a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $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 a total of 16,944 shares of company stock worth $23,541,085 over the last ninety days. Corporate insiders own 4.96% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on TDG shares. Jefferies Financial Group cut their price target on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft lifted 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. JPMorgan Chase & Co. raised their price objective on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. KeyCorp upped their target price on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Finally, Northcoast Research assumed coverage on shares of TransDigm Group in a report on Thursday, August 1st. They issued a “neutral” rating for the company. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,461.82.

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.