Surience Private Wealth LLC Invests $4.01 Million in TransDigm Group Incorporated (NYSE:TDG)

Surience Private Wealth LLC bought a new stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,808 shares of the aerospace company's stock, valued at approximately $4,007,000. TransDigm Group accounts for 4.1% of Surience Private Wealth LLC's investment portfolio, making the stock its 9th biggest holding.

Several other hedge funds also recently made changes to their positions in TDG. Fortitude Family Office LLC lifted its stake 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 buying an additional 17 shares in the last quarter. ORG Partners LLC purchased a new stake in shares of TransDigm Group during the first quarter valued at $30,000. Meeder Asset Management Inc. increased its holdings in TransDigm Group by 275.0% in 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 in the last quarter. Central Pacific Bank Trust Division purchased a new position in TransDigm Group in the 1st quarter worth about $39,000. Finally, Hershey Financial Advisers LLC purchased a new stake in shares of TransDigm Group during the 2nd quarter valued at about $41,000. 95.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Jefferies Financial Group decreased their target price 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. Susquehanna upped their price target on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the company a "neutral" rating in a research report on Wednesday, August 7th. Truist Financial raised their price objective on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a "buy" rating in a report on Wednesday, July 17th. StockNews.com downgraded shares of TransDigm Group from a "buy" rating to a "hold" rating in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, TransDigm Group presently has a consensus rating of "Moderate Buy" and an average price target of $1,448.41.

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief operating officer now owns 3,600 shares of the company's stock, valued at approximately $5,046,300. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Kevin M. Stein sold 10,000 shares of the company's stock in a transaction 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 sale, the chief executive officer now directly owns 8,158 shares of the company's stock, valued at $10,019,981.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction 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 transaction, the chief operating officer now owns 3,600 shares of the company's stock, valued at $5,046,300. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,944 shares of company stock valued at $35,823,485. 4.96% of the stock is currently owned by insiders.

TransDigm Group Stock Performance

TDG traded down $36.78 during trading on Tuesday, hitting $1,350.08. 206,105 shares of the stock were exchanged, compared to its average volume of 216,170. The firm has a 50 day simple moving average of $1,361.72 and a 200 day simple moving average of $1,306.48. The firm has a market cap of $75.55 billion, a price-to-earnings ratio of 53.55, a P/E/G ratio of 1.88 and a beta of 1.43. TransDigm Group Incorporated has a 1 year low of $811.42 and a 1 year high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last issued 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 during the quarter, compared to analysts' expectations of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The firm's quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the business posted $6.55 EPS. As a group, equities analysts anticipate that TransDigm Group Incorporated will post 30.71 earnings per share for the current fiscal year.

TransDigm Group Increases Dividend

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

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.