MetLife Investment Management LLC Sells 346 Shares of TransDigm Group Incorporated (NYSE:TDG)

MetLife Investment Management LLC lessened its stake in TransDigm Group Incorporated (NYSE:TDG) by 2.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,066 shares of the aerospace company’s stock after selling 346 shares during the period. MetLife Investment Management LLC’s holdings in TransDigm Group were worth $21,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of TDG. First Personal Financial Services acquired a new position in TransDigm Group during the 3rd quarter valued at about $29,000. Fortitude Family Office LLC increased its position in shares of TransDigm Group by 283.3% in the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 17 shares during the period. DT Investment Partners LLC boosted its holdings in TransDigm Group by 68.8% in the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 11 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in shares of TransDigm Group by 275.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 22 shares during the period. Finally, Hershey Financial Advisers LLC purchased a new stake in TransDigm Group in the 2nd quarter worth $41,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Activity at TransDigm Group

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 transaction of $4,205,250.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $5,046,300. This trade represents a 45.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 completion of the transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $30,228,611.80. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,944 shares of company stock worth $23,541,085. 4.96% of the stock is owned by company insiders.

TransDigm Group Stock Performance

TDG stock opened at $1,249.17 on Thursday. The stock’s 50 day moving average price is $1,352.75 and its 200 day moving average price is $1,317.05. The firm has a market cap of $70.24 billion, a P/E ratio of 48.80, a PEG ratio of 2.84 and a beta of 1.43. TransDigm Group Incorporated has a 1 year low of $949.99 and a 1 year high of $1,451.32.

TransDigm Group Increases Dividend

The business also recently announced a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were given a $75.00 dividend. The ex-dividend date of this dividend was Friday, October 4th. This is a boost from TransDigm Group’s previous special dividend of $32.50.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. UBS Group dropped their target price on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. 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 report on Wednesday, August 7th. Morgan Stanley increased their target price on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft upped their target price on TransDigm Group from $1,524.00 to $1,577.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Finally, Jefferies Financial Group decreased their price objective on 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. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.