TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Empowered Funds LLC

Empowered Funds LLC cut its holdings in shares of TransDigm Group Incorporated (NYSE:TDGFree Report) by 79.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,080 shares of the aerospace company’s stock after selling 4,241 shares during the quarter. Empowered Funds LLC’s holdings in TransDigm Group were worth $1,541,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Darsana Capital Partners LP acquired a new position in TransDigm Group in the 2nd quarter worth about $210,806,000. International Assets Investment Management LLC lifted its position in shares of TransDigm Group by 108,517.8% during the 3rd quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company’s stock valued at $69,755,000 after buying an additional 48,833 shares in the last quarter. Point72 Asset Management L.P. grew its stake in TransDigm Group by 2,868.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 47,069 shares of the aerospace company’s stock valued at $60,136,000 after acquiring an additional 48,769 shares during the period. Davidson Kempner Capital Management LP purchased a new stake in TransDigm Group in the 2nd quarter worth $35,134,000. Finally, Baskin Financial Services Inc. purchased a new position in TransDigm Group during the third quarter valued at $30,404,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

TransDigm Group Trading Down 4.1 %

NYSE:TDG opened at $1,240.13 on Friday. TransDigm Group Incorporated has a 12-month low of $949.99 and a 12-month high of $1,451.32. The firm has a market cap of $69.73 billion, a PE ratio of 48.44, a price-to-earnings-growth ratio of 2.21 and a beta of 1.43. The stock has a fifty day moving average price of $1,361.91 and a 200 day moving average price of $1,318.48.

TransDigm Group Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts have commented on the company. Morgan Stanley boosted their price objective 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. Susquehanna lifted their target price on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Northcoast Research initiated coverage on shares of TransDigm Group in a research note on Thursday, August 1st. They issued a “neutral” rating on the stock. KeyCorp upped their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, TransDigm Group presently has a consensus rating of “Moderate Buy” and an average target price of $1,461.82.

Get Our Latest Research Report on TransDigm Group

Insider Transactions at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction that occurred 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 transaction, the director now directly owns 21,548 shares in the company, valued at approximately $30,228,611.80. This trade represents a 20.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,953,204. This represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,944 shares of company stock worth $23,541,085. 4.96% of the stock is currently owned by insiders.

TransDigm Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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