Lindbrook Capital LLC Purchases 61 Shares of TransDigm Group Incorporated (NYSE:TDG)

Lindbrook Capital LLC boosted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 37.7% during the 3rd quarter, Holdings Channel reports. The fund owned 223 shares of the aerospace company’s stock after buying an additional 61 shares during the period. Lindbrook Capital LLC’s holdings in TransDigm Group were worth $318,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TDG. Envestnet Portfolio Solutions Inc. increased its holdings in TransDigm Group by 20.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,037 shares of the aerospace company’s stock valued at $3,740,000 after buying an additional 510 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of TransDigm Group during the 1st quarter worth $331,000. Oppenheimer & Co. Inc. boosted its holdings in shares of TransDigm Group by 40.3% in the 1st quarter. Oppenheimer & Co. Inc. now owns 1,486 shares of the aerospace company’s stock valued at $1,830,000 after buying an additional 427 shares in the last quarter. Illinois Municipal Retirement Fund grew its holdings in TransDigm Group by 20.3% in the first quarter. Illinois Municipal Retirement Fund now owns 2,023 shares of the aerospace company’s stock worth $2,492,000 after purchasing an additional 342 shares during the last quarter. Finally, Montag A & Associates Inc. boosted its position in shares of TransDigm Group by 66.8% in the 1st quarter. Montag A & Associates Inc. now owns 924 shares of the aerospace company’s stock worth $1,138,000 after purchasing an additional 370 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Transactions at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction that occurred 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 directly owns 3,600 shares in the company, valued at approximately $4,953,204. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group 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 completion of the sale, the director now owns 21,548 shares in the company, valued at approximately $29,659,098.16. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of the company’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 in the company, valued at $4,953,204. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,944 shares of company stock worth $35,823,485 in the last 90 days. Insiders own 4.96% of the company’s stock.

TransDigm Group Price Performance

Shares of TransDigm Group stock opened at $1,350.98 on Friday. TransDigm Group Incorporated has a 1-year low of $935.84 and a 1-year high of $1,451.32. The stock has a market cap of $75.80 billion, a P/E ratio of 49.98, a P/E/G ratio of 1.88 and a beta of 1.43. The stock’s 50 day simple moving average is $1,368.14 and its 200-day simple moving average is $1,316.15.

TransDigm Group Increases Dividend

The company also recently declared a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were paid a $75.00 dividend. 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.

Analyst Ratings Changes

TDG has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research note on Wednesday, August 7th. Susquehanna lifted 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 research note on Wednesday, August 7th. StockNews.com lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. UBS Group lowered 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 note on Wednesday, August 7th. Finally, Truist Financial upped their target price on TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.