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

Cynosure Group LLC reduced its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 51.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 277 shares of the aerospace company’s stock after selling 299 shares during the quarter. Cynosure Group LLC’s holdings in TransDigm Group were worth $395,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Fortitude Family Office LLC raised its position in shares of TransDigm Group by 283.3% during the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after buying an additional 17 shares in the last quarter. First Personal Financial Services bought a new stake in TransDigm Group during the third quarter worth approximately $29,000. Meeder Asset Management Inc. raised its holdings in TransDigm Group by 275.0% during the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 22 shares in the last quarter. DT Investment Partners LLC lifted its position in TransDigm Group by 68.8% in the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after purchasing an additional 11 shares during the period. Finally, Hershey Financial Advisers LLC bought a new position in TransDigm Group during the 2nd quarter valued at $41,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Buying and Selling at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. This trade represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the completion of the transaction, 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. Insiders sold 16,944 shares of company stock valued at $23,541,085 in the last quarter. Company insiders own 4.96% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TDG. JPMorgan Chase & Co. upped their price objective 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. Citigroup cut their price target on shares of TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Jefferies Financial Group reduced their price objective on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $1,500.00 target price on shares of TransDigm Group in a report on Wednesday, August 7th. Finally, Susquehanna raised their target price on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,461.82.

TransDigm Group Price Performance

NYSE TDG opened at $1,249.17 on Thursday. The firm has a market capitalization of $70.24 billion, a price-to-earnings ratio of 48.80, a price-to-earnings-growth ratio of 2.84 and a beta of 1.43. The company has a 50 day simple moving average of $1,352.75 and a 200-day simple moving average of $1,317.05. TransDigm Group Incorporated has a 52-week low of $949.99 and a 52-week high of $1,451.32.

TransDigm Group Increases Dividend

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