Parcion Private Wealth LLC Invests $208,000 in TransDigm Group Incorporated (NYSE:TDG)

Parcion Private Wealth LLC purchased a new position in TransDigm Group Incorporated (NYSE:TDG) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 146 shares of the aerospace company’s stock, valued at approximately $208,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fortitude Family Office LLC lifted 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 worth $29,000 after purchasing an additional 17 shares during the period. ORG Partners LLC acquired a new position in shares of TransDigm Group during the 1st quarter valued at $30,000. Meeder Asset Management Inc. lifted its position in shares of TransDigm Group by 275.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 22 shares during the period. Central Pacific Bank Trust Division acquired a new position in shares of TransDigm Group during the 1st quarter valued at $39,000. Finally, DT Investment Partners LLC lifted its position in shares of TransDigm Group by 68.8% during the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 11 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Transactions at TransDigm Group

In related news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction 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 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,953,204. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction dated 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 transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,019,981.92. This represents a 0.00 % decrease in their position. 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. Insiders own 4.96% of the company’s stock.

TransDigm Group Trading Up 0.7 %

Shares of TransDigm Group stock opened at $1,354.83 on Friday. The company’s 50-day moving average price is $1,366.86 and its 200-day moving average price is $1,307.95. The company has a market cap of $75.81 billion, a price-to-earnings ratio of 53.74, a PEG ratio of 1.84 and a beta of 1.43. TransDigm Group Incorporated has a 12-month low of $811.42 and a 12-month high of $1,451.32.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the firm posted $6.55 earnings per share. TransDigm Group’s quarterly revenue was up 17.3% on a year-over-year basis. On average, sell-side analysts predict that TransDigm Group Incorporated will post 30.71 earnings per share for the current year.

TransDigm Group Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TDG shares. Morgan Stanley boosted 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. StockNews.com downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Jefferies Financial Group lowered their price objective on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Susquehanna upped their price objective on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,451.94.

About TransDigm Group

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.