TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Tidal Investments LLC

Tidal Investments LLC lowered its holdings in TransDigm Group Incorporated (NYSE:TDG) by 19.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,392 shares of the aerospace company’s stock after selling 344 shares during the quarter. Tidal Investments LLC’s holdings in TransDigm Group were worth $1,987,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TDG. Assenagon Asset Management S.A. lifted its position in TransDigm Group by 19.3% in the second quarter. Assenagon Asset Management S.A. now owns 1,157 shares of the aerospace company’s stock valued at $1,478,000 after buying an additional 187 shares during the last quarter. Blue Trust Inc. increased its holdings in TransDigm Group by 352.0% in the 2nd quarter. Blue Trust Inc. now owns 113 shares of the aerospace company’s stock valued at $139,000 after purchasing an additional 88 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in TransDigm Group by 51.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 400 shares of the aerospace company’s stock valued at $511,000 after purchasing an additional 136 shares during the period. First Horizon Advisors Inc. lifted its stake in TransDigm Group by 10.3% during the second quarter. First Horizon Advisors Inc. now owns 427 shares of the aerospace company’s stock worth $546,000 after purchasing an additional 40 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its position in shares of TransDigm Group by 4.6% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 367 shares of the aerospace company’s stock worth $469,000 after buying an additional 16 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. KeyCorp increased their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft raised 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 note on Thursday, October 3rd. Wells Fargo & Company cut their target price on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 11th. StockNews.com cut shares of TransDigm Group from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Finally, Citigroup boosted their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,465.47.

Insiders Place Their Bets

In other TransDigm Group news, Director Robert J. Small sold 38,053 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the transaction, the director now directly owns 567,323 shares of the company’s stock, valued at approximately $708,461,615.94. This trade represents a 6.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,181,755.06. The trade was a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,525 shares of company stock valued at $84,362,871 over the last quarter. Company insiders own 4.96% of the company’s stock.

TransDigm Group Price Performance

Shares of NYSE:TDG opened at $1,280.04 on Tuesday. TransDigm Group Incorporated has a 12 month low of $972.08 and a 12 month high of $1,451.32. The firm has a market capitalization of $71.98 billion, a P/E ratio of 50.00, a P/E/G ratio of 2.89 and a beta of 1.39. The company’s fifty day moving average price is $1,315.74 and its 200 day moving average price is $1,312.69.

TransDigm Group Increases Dividend

The company also recently declared a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were paid a dividend of $75.00 per share. The ex-dividend date was Friday, October 4th. This is an increase 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.