Edgestream Partners L.P. Acquires 918 Shares of TransDigm Group Incorporated (NYSE:TDG)

Edgestream Partners L.P. raised its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 17.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,119 shares of the aerospace company’s stock after acquiring an additional 918 shares during the period. TransDigm Group makes up 0.4% of Edgestream Partners L.P.’s holdings, making the stock its 18th largest position. Edgestream Partners L.P.’s holdings in TransDigm Group were worth $8,733,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in TDG. Fortitude Family Office LLC increased its holdings in TransDigm Group by 283.3% in the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 17 shares during the last quarter. First Personal Financial Services acquired a new position in shares of TransDigm Group during the 3rd quarter worth about $29,000. Meeder Asset Management Inc. increased its stake in shares of TransDigm Group by 275.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 22 shares during the last quarter. DT Investment Partners LLC raised its position in shares of TransDigm Group by 68.8% in the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 11 shares during the period. Finally, Hershey Financial Advisers LLC bought a new position in TransDigm Group during the 2nd quarter worth approximately $41,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. UBS Group reduced their target price on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Morgan Stanley increased their price target on TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Finally, Wells Fargo & Company cut their price objective on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,461.82.

TransDigm Group Trading Up 0.4 %

Shares of TDG opened at $1,254.45 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 fifty day simple moving average of $1,346.89 and a 200 day simple moving average of $1,316.40. The stock has a market capitalization of $70.54 billion, a price-to-earnings ratio of 49.00, a PEG ratio of 2.81 and a beta of 1.43.

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 issued a $75.00 dividend. This is a boost from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

Insider Activity at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $5,046,300. The trade was a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now directly owns 21,548 shares in the company, valued at approximately $30,228,611.80. The trade was a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,944 shares of company stock valued at $23,541,085. 4.96% of the stock is owned by insiders.

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.