Empowered Funds LLC Cuts Stake in TransDigm Group Incorporated (NYSE:TDG)

Empowered Funds LLC trimmed its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 79.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,080 shares of the aerospace company's stock after selling 4,241 shares during the quarter. Empowered Funds LLC's holdings in TransDigm Group were worth $1,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in TDG. Fortitude Family Office LLC lifted 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 worth $29,000 after purchasing an additional 17 shares in the last quarter. First Personal Financial Services bought a new position in TransDigm Group during the third quarter valued at approximately $29,000. Meeder Asset Management Inc. raised 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 acquiring an additional 22 shares in the last quarter. DT Investment Partners LLC raised 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 acquiring an additional 11 shares in the last quarter. Finally, Hershey Financial Advisers LLC bought a new position in TransDigm Group during the second quarter valued at approximately $41,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TDG. KeyCorp raised their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Monday, November 11th. Northcoast Research assumed coverage on shares of TransDigm Group in a research note on Thursday, August 1st. They issued a "neutral" rating on the stock. JPMorgan Chase & Co. lifted their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a "neutral" rating in a research note on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on TransDigm Group from $1,524.00 to $1,577.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, TransDigm Group currently has an average rating of "Moderate Buy" and a consensus price target of $1,461.82.

TransDigm Group Stock Up 1.3 %

Shares of TDG traded up $16.22 during trading hours on Friday, hitting $1,256.35. The company had a trading volume of 315,879 shares, compared to its average volume of 223,510. The firm has a market cap of $70.64 billion, a price-to-earnings ratio of 48.44, a PEG ratio of 2.21 and a beta of 1.43. The business has a fifty day moving average of $1,361.91 and a 200-day moving average of $1,318.48. TransDigm Group Incorporated has a 12 month low of $949.99 and a 12 month high of $1,451.32.

TransDigm Group Increases Dividend

The firm also recently declared a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were given a dividend of $75.00 per share. This is a positive change from TransDigm Group's previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

Insider Buying and Selling

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $5,046,300. This trade represents a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the completion of the sale, the director now owns 21,548 shares of the company's stock, valued at $30,228,611.80. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,944 shares of company stock valued at $23,541,085. 4.96% of the stock is owned by company insiders.

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.