Axxcess Wealth Management LLC Sells 23 Shares of TransDigm Group Incorporated (NYSE:TDG)

Axxcess Wealth Management LLC reduced its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 8.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 243 shares of the aerospace company’s stock after selling 23 shares during the quarter. Axxcess Wealth Management LLC’s holdings in TransDigm Group were worth $347,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TDG. Fortitude Family Office LLC boosted its stake in shares of TransDigm Group by 283.3% during the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 17 shares during the period. First Personal Financial Services bought a new position in shares of TransDigm Group in the 3rd quarter valued at $29,000. Meeder Asset Management Inc. raised its stake in 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 acquiring an additional 22 shares in the last quarter. DT Investment Partners LLC increased its position in TransDigm Group by 68.8% during the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after purchasing 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. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Performance

Shares of TDG stock opened at $1,363.00 on Thursday. The firm has a market cap of $76.64 billion, a price-to-earnings ratio of 53.24, a P/E/G ratio of 2.41 and a beta of 1.43. TransDigm Group Incorporated has a 52 week low of $949.99 and a 52 week high of $1,451.32. The firm’s 50-day simple moving average is $1,368.61 and its two-hundred day simple moving average is $1,318.69.

TransDigm Group Increases Dividend

The company also recently disclosed a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were paid a $75.00 dividend. This is an increase from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business’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 sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,953,204. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Monday, September 16th. The shares were 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 in the company, valued at $4,953,204. 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 available at the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the sale, the director now owns 21,548 shares in the company, valued at $30,228,611.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,944 shares of company stock valued at $23,541,085. Company insiders own 4.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Monday. Northcoast Research assumed coverage on shares of TransDigm Group in a report on Thursday, August 1st. They issued a “neutral” rating on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $1,500.00 price target on shares of TransDigm Group in a research note on Wednesday, August 7th. Wells Fargo & Company lowered 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. Finally, JPMorgan Chase & Co. lifted 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, October 14th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,461.82.

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.