Linonia Partnership LP Sells 16,054 Shares of TransDigm Group Incorporated (NYSE:TDG)

Linonia Partnership LP decreased its holdings in TransDigm Group Incorporated (NYSE:TDG) by 16.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 79,719 shares of the aerospace company’s stock after selling 16,054 shares during the period. TransDigm Group makes up about 8.1% of Linonia Partnership LP’s portfolio, making the stock its 6th biggest position. Linonia Partnership LP owned about 0.14% of TransDigm Group worth $101,850,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Fortitude Family Office LLC boosted its position in 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 in the last quarter. ORG Partners LLC bought a new position in shares of TransDigm Group in the 1st quarter valued at $30,000. Meeder Asset Management Inc. boosted its holdings 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 valued at $38,000 after acquiring an additional 22 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in TransDigm Group during the 1st quarter worth $39,000. Finally, Crewe Advisors LLC acquired a new position in TransDigm Group in the 1st quarter worth about $46,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

TDG has been the topic of several research reports. UBS Group reduced their price target on 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. Jefferies Financial Group reduced their target price on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Northcoast Research started coverage on shares of TransDigm Group in a research note on Thursday, August 1st. They set a “neutral” rating for the company. Morgan Stanley lifted their price target on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Finally, Susquehanna increased their price objective on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,438.24.

Insider Activity

In related news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $1,248.60, for a total value of $12,486,000.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,186,078.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other TransDigm Group news, Director W Nicholas Howley sold 5,073 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $26,769,080.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $1,248.60, for a total value of $12,486,000.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,186,078.80. The disclosure for this sale can be found here. Insiders sold a total of 36,545 shares of company stock worth $46,454,828 over the last quarter. 4.96% of the stock is currently owned by corporate insiders.

TransDigm Group Stock Down 1.7 %

NYSE:TDG opened at $1,400.74 on Friday. The firm has a market capitalization of $78.60 billion, a P/E ratio of 55.56, a P/E/G ratio of 2.24 and a beta of 1.42. TransDigm Group Incorporated has a twelve month low of $802.46 and a twelve month high of $1,433.03. The company has a fifty day moving average of $1,303.99 and a 200-day moving average of $1,281.04.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, beating the consensus estimate of $7.77 by $1.23. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.55 earnings per share. On average, analysts anticipate that TransDigm Group Incorporated will post 30.7 EPS for the current fiscal year.

TransDigm Group Increases Dividend

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

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.