Kingsview Wealth Management LLC Has $6.80 Million Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Kingsview Wealth Management LLC cut its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 7.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,762 shares of the aerospace company’s stock after selling 369 shares during the quarter. Kingsview Wealth Management LLC’s holdings in TransDigm Group were worth $6,796,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Fortitude Family Office LLC increased its holdings in shares of TransDigm Group by 283.3% during the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after buying an additional 17 shares in the last quarter. First Personal Financial Services acquired a new position in shares of TransDigm Group during the third quarter worth $29,000. Meeder Asset Management Inc. increased its holdings in shares of TransDigm Group by 275.0% during the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after buying an additional 22 shares in the last quarter. DT Investment Partners LLC increased its holdings in shares of TransDigm Group by 68.8% during the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after buying an additional 11 shares in the last quarter. Finally, Hershey Financial Advisers LLC acquired a new position in shares of TransDigm Group during the second quarter worth $41,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

TransDigm Group Price Performance

TDG stock opened at $1,260.32 on Friday. The stock has a market capitalization of $70.87 billion, a PE ratio of 49.23, a price-to-earnings-growth ratio of 2.19 and a beta of 1.43. The company’s 50-day moving average is $1,359.76 and its 200-day moving average is $1,318.25. TransDigm Group Incorporated has a 1 year low of $949.99 and a 1 year high of $1,451.32.

TransDigm Group Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Friday, October 4th. This is a boost from TransDigm Group’s previous special dividend of $32.50.

Insider Transactions at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction dated 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 owns 21,548 shares of the company’s stock, valued at $29,659,098.16. This represents a 20.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at $5,046,300. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,944 shares of company stock valued at $23,541,085 in the last 90 days. 4.96% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. KeyCorp increased their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Citigroup decreased their price objective on TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Wells Fargo & Company decreased their price objective on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a report on Wednesday, August 7th. Susquehanna increased their price objective on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a report on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,461.82.

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.