TransDigm Group Incorporated (NYSE:TDG) Position Reduced by Linonia Partnership LP

Linonia Partnership LP lessened its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 39.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,159 shares of the aerospace company’s stock after selling 31,560 shares during the quarter. TransDigm Group comprises approximately 4.2% of Linonia Partnership LP’s portfolio, making the stock its 8th biggest holding. Linonia Partnership LP owned 0.09% of TransDigm Group worth $68,729,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC grew its stake in TransDigm Group by 17.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock valued at $4,980,000 after buying an additional 567 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of TransDigm Group by 26.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,826 shares of the aerospace company’s stock valued at $4,888,000 after purchasing an additional 789 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of TransDigm Group by 8.6% during the 3rd quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock valued at $11,658,000 after purchasing an additional 644 shares during the period. Cetera Investment Advisers lifted its holdings in TransDigm Group by 90.5% during the 1st quarter. Cetera Investment Advisers now owns 4,015 shares of the aerospace company’s stock worth $4,945,000 after purchasing an additional 1,907 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in TransDigm Group by 130.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 29,322 shares of the aerospace company’s stock worth $35,981,000 after purchasing an additional 16,578 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insiders Place Their Bets

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at $29,659,098.16. The trade was a 20.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on 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 directly owns 3,600 shares of the company’s stock, valued at approximately $5,046,300. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,944 shares of company stock valued at $23,541,085 over the last three months. Insiders own 4.96% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Susquehanna upped their price target on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. KeyCorp increased 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. Citigroup reduced their price target on shares of TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research report on Wednesday, August 7th. Finally, Northcoast Research began coverage on TransDigm Group in a research report on Thursday, August 1st. They set 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. According to MarketBeat, TransDigm Group currently has a consensus rating of “Moderate Buy” and an average price target of $1,461.82.

TransDigm Group Trading Down 0.6 %

Shares of TDG stock traded down $7.55 during trading hours on Monday, hitting $1,252.77. 25,861 shares of the company’s stock were exchanged, compared to its average volume of 223,391. The company has a market capitalization of $70.44 billion, a PE ratio of 49.23, a PEG ratio of 2.84 and a beta of 1.43. TransDigm Group Incorporated has a 12-month low of $949.99 and a 12-month high of $1,451.32. The business’s 50 day simple moving average is $1,359.76 and its 200-day simple moving average is $1,318.28.

TransDigm Group Increases Dividend

The firm 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.

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.