Pier 88 Investment Partners LLC Has $4.06 Million Holdings in TransDigm Group Incorporated (NYSE:TDG)

Pier 88 Investment Partners LLC lifted its stake in TransDigm Group Incorporated (NYSE:TDG) by 11.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,845 shares of the aerospace company’s stock after buying an additional 300 shares during the period. TransDigm Group comprises 0.9% of Pier 88 Investment Partners LLC’s portfolio, making the stock its 27th biggest holding. Pier 88 Investment Partners LLC’s holdings in TransDigm Group were worth $4,060,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. First Personal Financial Services acquired a new position in shares of TransDigm Group in the 3rd quarter worth approximately $29,000. Fortitude Family Office LLC raised its position in TransDigm Group by 283.3% in the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 17 shares during the last quarter. DT Investment Partners LLC raised its stake in shares of TransDigm Group by 68.8% during the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after buying an additional 11 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in 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 acquiring an additional 22 shares during the last quarter. Finally, Hershey Financial Advisers LLC acquired a new stake in TransDigm Group during the 2nd quarter worth $41,000. Institutional investors own 95.78% of the company’s stock.

Insider Activity at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 21,548 shares in the company, valued at approximately $29,659,098.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $5,046,300. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,944 shares of company stock worth $23,541,085. Insiders own 4.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TDG. 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. KeyCorp increased their price target on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Wells Fargo & Company reduced their price objective 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research note on Wednesday, August 7th. 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 report on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. 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 Price Performance

Shares of TransDigm Group stock opened at $1,363.00 on Thursday. The business has a fifty day simple moving average of $1,368.61 and a two-hundred day simple moving average of $1,318.69. TransDigm Group Incorporated has a 1 year low of $949.99 and a 1 year high of $1,451.32. The company has a market capitalization 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 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. This is an increase from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date of this dividend was Friday, October 4th.

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.