Adams Diversified Equity Fund Inc. Sells 2,400 Shares of TransDigm Group Incorporated (NYSE:TDG)

Adams Diversified Equity Fund Inc. reduced its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 12.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,900 shares of the aerospace company's stock after selling 2,400 shares during the period. TransDigm Group makes up about 0.9% of Adams Diversified Equity Fund Inc.'s investment portfolio, making the stock its 29th biggest position. Adams Diversified Equity Fund Inc.'s holdings in TransDigm Group were worth $24,118,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fortitude Family Office LLC grew its position 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 during the first quarter worth about $30,000. Meeder Asset Management Inc. grew its stake in TransDigm Group by 275.0% in 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 during the period. Central Pacific Bank Trust Division bought a new stake in shares of TransDigm Group in the first quarter worth about $39,000. Finally, DT Investment Partners LLC raised its position in shares of TransDigm Group by 68.8% during the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company's stock worth $39,000 after purchasing an additional 11 shares during the period. 95.78% of the stock is owned by institutional investors.

TransDigm Group Price Performance

TDG stock traded down $5.66 during trading hours on Wednesday, reaching $1,330.51. The stock had a trading volume of 219,025 shares, compared to its average volume of 214,512. The stock has a market capitalization of $74.66 billion, a PE ratio of 49.22, a price-to-earnings-growth ratio of 1.84 and a beta of 1.43. The stock has a 50-day simple moving average of $1,368.33 and a 200 day simple moving average of $1,310.91. TransDigm Group Incorporated has a fifty-two week low of $817.62 and a fifty-two week high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, topping 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 company posted $6.55 earnings per share. TransDigm Group's quarterly revenue was up 17.3% on a year-over-year basis. On average, sell-side analysts forecast that TransDigm Group Incorporated will post 30.71 EPS for the current fiscal year.

TransDigm Group Increases Dividend

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

Insider Buying and Selling at TransDigm Group

In related news, Director W Nicholas Howley sold 5,472 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the transaction, the director now owns 21,548 shares in the company, valued at approximately $29,659,098.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the transaction, the director now directly owns 21,548 shares of the company's stock, valued at $29,659,098.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction on 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 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 disclosure for this sale can be found here. Insiders have sold a total of 26,944 shares of company stock worth $35,823,485 over the last ninety days. Insiders own 4.96% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Jefferies Financial Group decreased their price objective on TransDigm Group from $1,625.00 to $1,515.00 and set a "buy" rating for the company in a research report on Tuesday, August 13th. UBS Group lowered their price objective on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a "neutral" rating for the company in a research report on Wednesday, August 7th. Wells Fargo & Company cut their price objective on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 7th. KeyCorp increased their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Finally, Northcoast Research assumed coverage on TransDigm Group in a report on Thursday, August 1st. They issued a "neutral" rating on the stock. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, TransDigm Group currently has an average rating of "Moderate Buy" and an average price target of $1,451.94.

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.