319 Shares in TransDigm Group Incorporated (NYSE:TDG) Purchased by Stonegate Investment Group LLC

Stonegate Investment Group LLC purchased a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 319 shares of the aerospace company’s stock, valued at approximately $455,000.

Several other institutional investors have also recently made changes to their positions in the stock. Wellington Management Group LLP increased its stake in shares of TransDigm Group by 22.2% during the 4th quarter. Wellington Management Group LLP now owns 2,640 shares of the aerospace company’s stock worth $2,671,000 after purchasing an additional 479 shares during the last quarter. Fisher Asset Management LLC acquired a new position in TransDigm Group during the fourth quarter worth approximately $227,000. HighPoint Advisor Group LLC bought a new stake in TransDigm Group in the fourth quarter valued at approximately $344,000. Fulton Bank N.A. acquired a new stake in shares of TransDigm Group in the first quarter valued at approximately $216,000. Finally, Wedmont Private Capital boosted its stake in shares of TransDigm Group by 3.9% during the 1st quarter. Wedmont Private Capital now owns 674 shares of the aerospace company’s stock worth $820,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Susquehanna increased their price target on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. UBS Group decreased their price target on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Northcoast Research initiated coverage on shares of TransDigm Group in a report on Thursday, August 1st. They issued a “neutral” rating on the stock. Jefferies Financial Group reduced 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. Finally, JPMorgan Chase & Co. increased their target price on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,448.41.

Insider Transactions at TransDigm Group

In related news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,019,981.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group 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 transaction, the director now directly owns 21,548 shares of the company’s stock, valued at $30,228,611.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at $10,019,981.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,944 shares of company stock worth $35,823,485. Company insiders own 4.96% of the company’s stock.

TransDigm Group Stock Down 0.3 %

Shares of TDG stock opened at $1,397.16 on Friday. TransDigm Group Incorporated has a twelve month low of $811.42 and a twelve month high of $1,451.32. The stock’s fifty day simple moving average is $1,356.51 and its 200 day simple moving average is $1,303.16. The firm has a market capitalization of $78.18 billion, a P/E ratio of 55.42, a P/E/G ratio of 1.90 and a beta of 1.43.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, topping the consensus estimate of $7.77 by $1.23. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the business posted $6.55 earnings per share. As a group, equities research analysts expect that TransDigm Group Incorporated will post 30.71 EPS for the current fiscal year.

TransDigm Group Increases Dividend

The firm also recently declared a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were given a $75.00 dividend. 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.