Zimmer Partners LP Sells 1,000 Shares of TransDigm Group Incorporated (NYSE:TDG)

Zimmer Partners LP decreased its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 10.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,000 shares of the aerospace company’s stock after selling 1,000 shares during the period. Zimmer Partners LP’s holdings in TransDigm Group were worth $12,844,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TDG. CWM LLC raised its stake in TransDigm Group by 4.6% during the 2nd quarter. CWM LLC now owns 886 shares of the aerospace company’s stock worth $1,132,000 after acquiring an additional 39 shares during the period. OLD National Bancorp IN grew its holdings in TransDigm Group by 10.3% during the 2nd quarter. OLD National Bancorp IN now owns 514 shares of the aerospace company’s stock valued at $657,000 after buying an additional 48 shares in the last quarter. QRG Capital Management Inc. grew its holdings in TransDigm Group by 2.0% during the 2nd quarter. QRG Capital Management Inc. now owns 560 shares of the aerospace company’s stock valued at $715,000 after buying an additional 11 shares in the last quarter. Czech National Bank grew its holdings in TransDigm Group by 9.0% during the 2nd quarter. Czech National Bank now owns 10,663 shares of the aerospace company’s stock valued at $13,623,000 after buying an additional 880 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC grew its holdings in TransDigm Group by 6.6% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 1,208 shares of the aerospace company’s stock valued at $1,543,000 after buying an additional 75 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Down 1.2 %

NYSE:TDG opened at $1,277.00 on Friday. TransDigm Group Incorporated has a twelve month low of $965.69 and a twelve month high of $1,451.32. The company has a market cap of $71.81 billion, a price-to-earnings ratio of 49.88, a price-to-earnings-growth ratio of 2.99 and a beta of 1.39. The stock has a fifty day simple moving average of $1,333.48 and a 200-day simple moving average of $1,315.97.

TransDigm Group Increases Dividend

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

Wall Street Analyst Weigh In

TDG has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased 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 report on Monday, October 14th. Citigroup increased their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a report on Thursday. StockNews.com lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Friday. Deutsche Bank Aktiengesellschaft increased their price objective 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, KeyCorp raised their target price on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,464.00.

Insider Transactions at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at approximately $30,228,611.80. This trade represents a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 completion of 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,944 shares of company stock worth $23,541,085. 4.96% of the stock is currently owned by insiders.

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.