TransDigm Group Incorporated (NYSE:TDG) is Linonia Partnership LP's 6th Largest Position

Linonia Partnership LP decreased its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 16.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,719 shares of the aerospace company's stock after selling 16,054 shares during the quarter. TransDigm Group makes up 8.1% of Linonia Partnership LP's portfolio, making the stock its 6th largest position. Linonia Partnership LP owned 0.14% of TransDigm Group worth $101,850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Capital World Investors lifted its stake in TransDigm Group by 14.3% in the first quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company's stock worth $4,354,369,000 after acquiring an additional 442,182 shares during the period. JPMorgan Chase & Co. lifted its position in shares of TransDigm Group by 13.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company's stock worth $2,056,109,000 after purchasing an additional 192,962 shares during the period. Darsana Capital Partners LP purchased a new stake in shares of TransDigm Group in the 2nd quarter worth approximately $210,806,000. Argent Capital Management LLC bought a new position in shares of TransDigm Group during the first quarter valued at approximately $75,910,000. Finally, Vanguard Group Inc. increased its holdings in TransDigm Group by 1.0% during the first quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company's stock valued at $7,447,587,000 after buying an additional 58,243 shares during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on TDG. JPMorgan Chase & Co. upped their target price on TransDigm Group from $1,350.00 to $1,435.00 and gave the stock a "neutral" rating in a report on Wednesday, September 4th. StockNews.com cut TransDigm Group from a "buy" rating to a "hold" rating in a research note on Monday, August 5th. Morgan Stanley lifted their target price on TransDigm Group from $1,550.00 to $1,575.00 and gave the company an "overweight" rating in a research note on Wednesday, August 7th. Susquehanna boosted 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 report on Wednesday, August 7th. Finally, Stifel Nicolaus raised their price target on shares of TransDigm Group from $1,300.00 to $1,325.00 and gave the company a "hold" rating in a report on Friday, June 7th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,438.24.

Insider Activity at TransDigm Group

In related news, CEO Kevin M. Stein sold 10,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 8,158 shares of the company's stock, valued at approximately $10,186,078.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction dated 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 sale, the chief executive officer now owns 8,158 shares in the company, valued at $10,186,078.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction dated 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 transaction, the chief operating officer now owns 3,600 shares of the company's stock, valued at approximately $4,469,760. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,545 shares of company stock worth $46,454,828. 4.96% of the stock is owned by corporate insiders.

TransDigm Group Stock Down 0.1 %

Shares of NYSE:TDG traded down $0.92 during trading on Friday, hitting $1,400.31. The stock had a trading volume of 57,249 shares, compared to its average volume of 219,852. TransDigm Group Incorporated has a 12-month low of $802.46 and a 12-month high of $1,433.03. The stock has a market capitalization of $78.57 billion, a price-to-earnings ratio of 55.56, a price-to-earnings-growth ratio of 2.24 and a beta of 1.42. The stock has a 50-day simple moving average of $1,307.05 and a two-hundred day simple moving average of $1,281.87.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, topping analysts' consensus estimates 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. As a group, sell-side analysts forecast that TransDigm Group Incorporated will post 30.7 earnings per share for the current year.

TransDigm Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be issued a dividend of $75.00 per share. This is a positive change from TransDigm Group's previous dividend of $32.50. The ex-dividend date is Friday, October 4th.

About TransDigm Group

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.