TransDigm Group Incorporated (NYSE:TDG) Stock Position Raised by Empirical Finance LLC

Empirical Finance LLC increased its position in TransDigm Group Incorporated (NYSE:TDG) by 2.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,840 shares of the aerospace company’s stock after buying an additional 47 shares during the period. Empirical Finance LLC’s holdings in TransDigm Group were worth $2,626,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TDG. Bennett Selby Investments LP raised its position in shares of TransDigm Group by 2.4% during the second quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company’s stock worth $429,000 after acquiring an additional 8 shares during the last quarter. Souders Financial Advisors raised its holdings in TransDigm Group by 1.0% during the 3rd quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock worth $1,137,000 after purchasing an additional 8 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in TransDigm Group by 1.2% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 763 shares of the aerospace company’s stock valued at $940,000 after purchasing an additional 9 shares during the period. Csenge Advisory Group boosted its stake in shares of TransDigm Group by 0.3% in the 2nd quarter. Csenge Advisory Group now owns 3,723 shares of the aerospace company’s stock valued at $4,757,000 after purchasing an additional 10 shares during the last quarter. Finally, QRG Capital Management Inc. grew its position in shares of TransDigm Group by 2.0% during the 2nd quarter. QRG Capital Management Inc. now owns 560 shares of the aerospace company’s stock worth $715,000 after buying an additional 11 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Activity at TransDigm Group

In other TransDigm Group 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 transaction of $4,127,670.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,953,204. The trade was a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the company’s 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 value of $7,531,770.24. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at $29,659,098.16. This represents a 20.25 % decrease in their position. 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. Insiders own 4.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TDG. Susquehanna raised 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 note on Wednesday, August 7th. Jefferies Financial Group decreased their price objective on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft increased their target price on TransDigm Group from $1,524.00 to $1,577.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. boosted their target price on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Finally, StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,461.82.

TransDigm Group Price Performance

Shares of NYSE:TDG opened at $1,254.16 on Friday. The company’s 50-day moving average price is $1,366.93 and its two-hundred day moving average price is $1,318.66. TransDigm Group Incorporated has a one year low of $949.99 and a one year high of $1,451.32. The stock has a market capitalization of $70.52 billion, a PE ratio of 48.99, a price-to-earnings-growth ratio of 2.41 and a beta of 1.43.

TransDigm Group Increases Dividend

The business also recently announced a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued a dividend of $75.00 per share. The ex-dividend date of this dividend was Friday, October 4th. This is a positive change from TransDigm Group’s previous special dividend of $32.50.

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.