Intech Investment Management LLC Sells 2,357 Shares of TransDigm Group Incorporated (NYSE:TDG)

Intech Investment Management LLC reduced its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 34.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,408 shares of the aerospace company’s stock after selling 2,357 shares during the quarter. Intech Investment Management LLC’s holdings in TransDigm Group were worth $5,632,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC raised its holdings in 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 purchasing an additional 17 shares during the last quarter. ORG Partners LLC acquired a new position in shares of TransDigm Group during the 1st quarter worth about $30,000. Meeder Asset Management Inc. grew its position in shares of TransDigm Group by 275.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after buying an additional 22 shares during the period. Central Pacific Bank Trust Division acquired a new position in shares of TransDigm Group during the 1st quarter worth about $39,000. Finally, Crewe Advisors LLC acquired a new position in shares of TransDigm Group during the 1st quarter worth about $46,000. 95.78% of the stock is owned by institutional investors.

TransDigm Group Stock Up 1.3 %

NYSE:TDG opened at $1,408.03 on Friday. TransDigm Group Incorporated has a twelve month low of $802.46 and a twelve month high of $1,419.99. The company has a market cap of $78.79 billion, a P/E ratio of 55.85, a price-to-earnings-growth ratio of 2.16 and a beta of 1.42. The business has a 50 day moving average price of $1,294.01 and a two-hundred day moving average price of $1,275.77.

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, topping analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the business posted $6.55 EPS. The business’s revenue was up 17.3% compared to the same quarter last year. As a group, analysts anticipate that TransDigm Group Incorporated will post 30.69 earnings per share for the current fiscal year.

TransDigm Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be paid a dividend of $75.00 per share. The ex-dividend date of this dividend is Friday, October 4th. This is a boost from TransDigm Group’s previous dividend of $32.50.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TDG shares. StockNews.com lowered TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Jefferies Financial Group decreased their target price on 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. JPMorgan Chase & Co. boosted their target price on TransDigm Group from $1,350.00 to $1,435.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 4th. 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. Finally, Stifel Nicolaus boosted their price objective on TransDigm Group from $1,300.00 to $1,325.00 and gave the company a “hold” rating in a research report on Friday, June 7th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,438.24.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $1,241.60, for a total transaction of $3,724,800.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,469,760. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total transaction of $3,724,800.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,469,760. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director W Nicholas Howley sold 5,073 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $26,769,080.40. The disclosure for this sale can be found here. Insiders have sold a total of 36,545 shares of company stock worth $46,454,828 in the last 90 days. Corporate insiders own 4.96% of the company’s stock.

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.