Asset Dedication LLC Cuts Holdings in TransDigm Group Incorporated (NYSE:TDG)

Asset Dedication LLC trimmed its position in TransDigm Group Incorporated (NYSE:TDG) by 1.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 595 shares of the aerospace company’s stock after selling 10 shares during the quarter. Asset Dedication LLC’s holdings in TransDigm Group were worth $849,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Creative Planning raised its holdings in shares of TransDigm Group by 3.9% during the 3rd quarter. Creative Planning now owns 5,846 shares of the aerospace company’s stock worth $8,343,000 after acquiring an additional 222 shares in the last quarter. CX Institutional bought a new stake in TransDigm Group in the third quarter worth $237,000. Empirical Asset Management LLC raised its stake in TransDigm Group by 0.8% during the third quarter. Empirical Asset Management LLC now owns 2,766 shares of the aerospace company’s stock valued at $3,947,000 after purchasing an additional 22 shares in the last quarter. CHICAGO TRUST Co NA lifted its position in TransDigm Group by 114.7% during the third quarter. CHICAGO TRUST Co NA now owns 453 shares of the aerospace company’s stock valued at $646,000 after purchasing an additional 242 shares during the last quarter. Finally, MorganRosel Wealth Management LLC purchased a new position in shares of TransDigm Group in the 3rd quarter worth $1,079,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $29,659,098.16. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at $29,659,098.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction dated 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 transaction, the chief executive officer now owns 8,158 shares in the company, valued at $10,019,981.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,472 shares of company stock worth $23,941,840. 4.96% of the stock is currently owned by corporate insiders.

TransDigm Group Stock Performance

Shares of NYSE TDG opened at $1,384.32 on Thursday. TransDigm Group Incorporated has a 52-week low of $811.42 and a 52-week high of $1,451.32. The firm has a market capitalization of $77.67 billion, a price-to-earnings ratio of 51.21, a PEG ratio of 1.90 and a beta of 1.43. The stock has a 50 day moving average price of $1,350.09 and a 200 day moving average price of $1,301.19.

TransDigm Group (NYSE:TDG) last issued its 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 business had revenue of $2.05 billion during 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 revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the prior year, the business earned $6.55 EPS. Analysts forecast that TransDigm Group Incorporated will post 30.71 earnings per share for the current year.

TransDigm Group Increases Dividend

The firm also recently announced a special dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be 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 is Friday, October 4th.

Analysts Set New Price Targets

TDG has been the subject of a number of analyst reports. StockNews.com downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Morgan Stanley raised their price objective on TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. boosted their target price on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research report on Monday. Wells Fargo & Company lowered their price target on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. Finally, Susquehanna boosted their price objective on shares of 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. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,448.41.

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.