Cyndeo Wealth Partners LLC Raises Holdings in TransDigm Group Incorporated (NYSE:TDG)

Cyndeo Wealth Partners LLC lifted its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 52.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,099 shares of the aerospace company's stock after purchasing an additional 719 shares during the quarter. Cyndeo Wealth Partners LLC's holdings in TransDigm Group were worth $2,996,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Fortitude Family Office LLC boosted its holdings in shares of 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 buying an additional 17 shares during the period. ORG Partners LLC bought a new position in TransDigm Group in the 1st quarter worth approximately $30,000. Meeder Asset Management Inc. raised its position in shares of TransDigm Group by 275.0% during the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company's stock worth $38,000 after acquiring an additional 22 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in TransDigm Group during the 1st quarter valued at about $39,000. Finally, Hershey Financial Advisers LLC acquired a new stake in TransDigm Group during the 2nd quarter worth $41,000. Institutional investors own 95.78% of the company's stock.

Analysts Set New Price Targets

TDG has been the subject of a number of research reports. Truist Financial increased their target price on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a "buy" rating in a research note on Wednesday, July 17th. JPMorgan Chase & Co. raised their price objective on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a "neutral" rating in a research report on Monday, October 14th. Jefferies Financial Group dropped their price objective on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a "buy" rating for the company in a research note on Tuesday, August 13th. Wells Fargo & Company cut their target price on TransDigm Group from $1,390.00 to $1,350.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 7th. Finally, UBS Group cut their target price on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 7th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $1,448.41.

Insider Buying and Selling

In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the company's stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,019,981.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $5,046,300. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the business's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company's stock, valued at $10,019,981.92. The trade was 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 valued at $35,823,485 in the last three months. 4.96% of the stock is currently owned by corporate insiders.

TransDigm Group Stock Down 0.3 %

TDG traded down $4.80 during trading on Friday, hitting $1,397.16. 133,997 shares of the stock were exchanged, compared to its average volume of 216,534. TransDigm Group Incorporated has a 1-year low of $811.42 and a 1-year high of $1,451.32. The firm has a market capitalization of $78.18 billion, a P/E ratio of 55.42, a PEG ratio of 1.90 and a beta of 1.43. The stock has a fifty day moving average price of $1,356.51 and a two-hundred day moving average price of $1,304.39.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, beating 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 business had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same quarter last year, the business posted $6.55 earnings per share. The business's revenue for the quarter was up 17.3% on a year-over-year basis. Analysts predict that TransDigm Group Incorporated will post 30.71 EPS for the current year.

TransDigm Group Increases Dividend

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

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.