Objective Capital Management LLC Invests $349,000 in TransDigm Group Incorporated (NYSE:TDG)

Objective Capital Management LLC purchased a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) in the third quarter, Holdings Channel reports. The firm purchased 244 shares of the aerospace company’s stock, valued at approximately $349,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Lindbrook Capital LLC increased its position in TransDigm Group by 37.7% in the third quarter. Lindbrook Capital LLC now owns 223 shares of the aerospace company’s stock worth $318,000 after buying an additional 61 shares during the last quarter. Assetmark Inc. increased its position in TransDigm Group by 3.7% in the third quarter. Assetmark Inc. now owns 6,194 shares of the aerospace company’s stock worth $8,839,000 after buying an additional 220 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in shares of TransDigm Group by 3.2% in the third quarter. Verdence Capital Advisors LLC now owns 618 shares of the aerospace company’s stock worth $881,000 after acquiring an additional 19 shares during the period. Washington Trust Advisors Inc. boosted its holdings in shares of TransDigm Group by 7.0% in the third quarter. Washington Trust Advisors Inc. now owns 183 shares of the aerospace company’s stock worth $261,000 after acquiring an additional 12 shares during the period. Finally, Pragma Gestao DE Patrimonio Ltd. boosted its stake in TransDigm Group by 33.3% during the third quarter. Pragma Gestao DE Patrimonio Ltd. now owns 12,000 shares of the aerospace company’s stock valued at $17,126,000 after buying an additional 3,000 shares during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief operating officer now directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at $30,228,611.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on 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 sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,953,204. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,944 shares of company stock valued at $35,823,485 in the last ninety days. 4.96% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. StockNews.com lowered TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Wells Fargo & Company dropped 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 research note on Wednesday, August 7th. Morgan Stanley lifted their price target on TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. UBS Group dropped their price target on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a report on Wednesday, August 7th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, TransDigm Group currently has a consensus rating of “Moderate Buy” and an average target price of $1,461.82.

TransDigm Group Price Performance

NYSE:TDG traded up $21.59 during mid-day trading on Friday, reaching $1,350.98. 245,524 shares of the company’s stock traded hands, compared to its average volume of 216,738. The company has a 50 day moving average price of $1,368.14 and a 200-day moving average price of $1,316.15. The firm has a market capitalization of $75.80 billion, a price-to-earnings ratio of 50.01, a PEG ratio of 1.88 and a beta of 1.43. TransDigm Group Incorporated has a 12-month low of $935.84 and a 12-month high of $1,451.32.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, beating the consensus estimate of $7.77 by $1.23. The business had revenue of $2.05 billion for 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 was up 17.3% on a year-over-year basis. During the same period in the previous year, the firm posted $6.55 EPS. As a group, analysts forecast that TransDigm Group Incorporated will post 30.71 EPS for the current year.

TransDigm Group Increases Dividend

The business also recently declared a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were given 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.

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.