TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Northern Financial Advisors Inc

Northern Financial Advisors Inc cut its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 4.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 553 shares of the aerospace company’s stock after selling 27 shares during the period. Northern Financial Advisors Inc’s holdings in TransDigm Group were worth $789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TDG. Fortitude Family Office LLC lifted its position in TransDigm Group by 283.3% during the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 17 shares during the period. ORG Partners LLC acquired a new position in TransDigm Group during the first quarter valued at $30,000. Meeder Asset Management Inc. lifted its position in TransDigm Group by 275.0% during the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 22 shares during the period. Central Pacific Bank Trust Division acquired a new position in TransDigm Group during the first quarter valued at $39,000. Finally, DT Investment Partners LLC lifted its position in TransDigm Group by 68.8% during 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. 95.78% of the stock is currently owned by institutional investors and hedge funds.

TransDigm Group Trading Up 0.2 %

Shares of NYSE TDG opened at $1,304.50 on Friday. TransDigm Group Incorporated has a 12-month low of $838.47 and a 12-month high of $1,451.32. The stock has a market cap of $73.20 billion, a PE ratio of 48.26, a P/E/G ratio of 1.77 and a beta of 1.43. The company has a 50-day moving average of $1,367.83 and a 200 day moving average of $1,312.15.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the company earned $6.55 EPS. TransDigm Group’s revenue was up 17.3% compared to the same quarter last year. On average, sell-side analysts forecast that TransDigm Group Incorporated will post 30.71 EPS for the current fiscal year.

TransDigm Group Increases Dividend

The firm also recently disclosed 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 a boost from TransDigm Group’s previous special dividend of $32.50.

Insider Activity at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total value 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 $4,953,204. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total value 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 $4,953,204. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,019,981.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,944 shares of company stock valued at $35,823,485. Corporate insiders own 4.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TDG shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research report on Wednesday, August 7th. JPMorgan Chase & Co. upped their price objective on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. UBS Group decreased their price objective on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, Morgan Stanley upped their price objective on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,451.94.

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.