TransDigm Group Incorporated (NYSE:TDG) Shares Acquired by Freedom Investment Management Inc.

Freedom Investment Management Inc. boosted its position in TransDigm Group Incorporated (NYSE:TDG) by 17.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 456 shares of the aerospace company’s stock after purchasing an additional 67 shares during the period. Freedom Investment Management Inc.’s holdings in TransDigm Group were worth $650,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fortitude Family Office LLC raised its position in shares of 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 buying an additional 17 shares during the last quarter. First Personal Financial Services purchased a new position in shares of TransDigm Group during the 3rd quarter worth $29,000. Meeder Asset Management Inc. boosted its holdings in shares of 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 during the last quarter. DT Investment Partners LLC grew its position in shares of 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, Hershey Financial Advisers LLC acquired a new position in TransDigm Group in the second quarter valued at $41,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was 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 of the company’s stock, valued at $5,046,300. This represents a 45.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred on 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 owns 21,548 shares of the company’s stock, valued at approximately $29,659,098.16. This trade represents a 20.25 % 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 in the last ninety days. Insiders own 4.96% of the company’s stock.

TransDigm Group Stock Down 1.1 %

TDG opened at $1,249.33 on Friday. The firm’s 50 day moving average is $1,349.97 and its 200-day moving average is $1,316.58. TransDigm Group Incorporated has a 52-week low of $949.99 and a 52-week high of $1,451.32. The firm has a market capitalization of $70.25 billion, a P/E ratio of 48.80, a P/E/G ratio of 2.81 and a beta of 1.43.

TransDigm Group Increases Dividend

The company also recently disclosed a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were issued a $75.00 dividend. The ex-dividend date was Friday, October 4th. This is a positive change from TransDigm Group’s previous special dividend of $32.50.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Susquehanna raised their price target on TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Citigroup lowered their target price 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 dropped their price target 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. UBS Group decreased their price target on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $1,500.00 price objective on shares of TransDigm Group in a report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,461.82.

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.