Point72 Asia Singapore Pte. Ltd. Trims Stake in TransDigm Group Incorporated (NYSE:TDG)

Point72 Asia Singapore Pte. Ltd. lessened its stake in TransDigm Group Incorporated (NYSE:TDG) by 53.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 307 shares of the aerospace company’s stock after selling 359 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in TransDigm Group were worth $438,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. First Personal Financial Services purchased a new stake in shares of TransDigm Group during the 3rd quarter worth about $29,000. Erste Asset Management GmbH purchased a new position in TransDigm Group during the third quarter worth approximately $29,000. Fortitude Family Office LLC grew 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 period. DT Investment Partners LLC grew its holdings in TransDigm Group by 68.8% in the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 11 shares during the period. Finally, Meeder Asset Management Inc. increased its position in shares of TransDigm Group by 275.0% in the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after buying an additional 22 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $5,046,300. This represents a 45.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group 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 completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at $30,228,611.80. This trade represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,944 shares of company stock worth $23,541,085 over the last quarter. 4.96% of the stock is currently owned by company insiders.

TransDigm Group Price Performance

TransDigm Group stock opened at $1,260.28 on Tuesday. The firm has a 50 day simple moving average of $1,343.74 and a 200-day simple moving average of $1,316.69. The stock has a market cap of $70.87 billion, a price-to-earnings ratio of 49.23, a price-to-earnings-growth ratio of 2.82 and a beta of 1.39. TransDigm Group Incorporated has a 1-year low of $950.93 and a 1-year high of $1,451.32.

TransDigm Group Increases Dividend

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

Analyst Ratings Changes

TDG has been the topic of a number of research analyst reports. Wells Fargo & Company dropped their price target on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 7th. Jefferies Financial Group decreased their price target on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. increased their target price on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research note on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.