Iron Gate Global Advisors LLC Acquires New Stake in TransDigm Group Incorporated (NYSE:TDG)

Iron Gate Global Advisors LLC acquired a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 156 shares of the aerospace company’s stock, valued at approximately $223,000.

A number of other large investors also recently bought and sold shares of TDG. Tidal Investments LLC lifted its holdings in shares of TransDigm Group by 7.3% in the 1st quarter. Tidal Investments LLC now owns 950 shares of the aerospace company’s stock worth $1,170,000 after buying an additional 65 shares during the period. Cetera Investment Advisers raised its position in shares of TransDigm Group by 90.5% in the 1st quarter. Cetera Investment Advisers now owns 4,015 shares of the aerospace company’s stock worth $4,945,000 after acquiring an additional 1,907 shares in the last quarter. Cetera Advisors LLC raised its position in shares of TransDigm Group by 167.5% in the 1st quarter. Cetera Advisors LLC now owns 1,744 shares of the aerospace company’s stock worth $2,148,000 after acquiring an additional 1,092 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of TransDigm Group by 27.1% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 169 shares of the aerospace company’s stock worth $216,000 after acquiring an additional 36 shares in the last quarter. Finally, Mather Group LLC. raised its position in shares of TransDigm Group by 57.5% in the 2nd quarter. Mather Group LLC. now owns 441 shares of the aerospace company’s stock worth $543,000 after acquiring an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insiders Place Their Bets

In other news, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the completion of the transaction, the director now directly owns 21,548 shares in the company, valued at $30,228,611.80. This trade represents a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. This represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,944 shares of company stock valued at $23,541,085 over the last quarter. 4.96% of the stock is owned by insiders.

TransDigm Group Stock Performance

NYSE:TDG opened at $1,260.28 on Tuesday. TransDigm Group Incorporated has a one year low of $950.93 and a one year high of $1,451.32. The stock has a market cap of $70.87 billion, a PE ratio of 49.23, a P/E/G ratio of 2.82 and a beta of 1.39. The stock has a 50 day moving average price of $1,343.74 and a 200 day moving average price of $1,316.69.

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 of this dividend was Friday, October 4th.

Analysts Set New Price Targets

Several brokerages recently issued reports on TDG. KeyCorp upped their target price on 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. Morgan Stanley upped their target price 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. JPMorgan Chase & Co. upped their target price on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Citigroup lowered their target price on TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on 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 investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,461.82.

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.