US Bancorp DE Decreases Stock Position in TransDigm Group Incorporated (NYSE:TDG)

US Bancorp DE decreased its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 0.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 97,723 shares of the aerospace company's stock after selling 735 shares during the quarter. US Bancorp DE owned 0.17% of TransDigm Group worth $139,463,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of TDG. Fortitude Family Office LLC boosted its stake in shares of TransDigm Group by 283.3% in the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company's stock valued at $29,000 after purchasing an additional 17 shares during the last quarter. ORG Partners LLC bought a new position in TransDigm Group during the first quarter valued at about $30,000. Meeder Asset Management Inc. grew 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 buying an additional 22 shares during the period. Central Pacific Bank Trust Division bought a new position in TransDigm Group during the first quarter worth about $39,000. Finally, DT Investment Partners LLC boosted its position in shares of TransDigm Group by 68.8% in 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 during the period. Institutional investors and hedge funds own 95.78% of the company's stock.

Insiders Place Their Bets

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the sale, the director now owns 21,548 shares in the company, valued at $30,228,611.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company's stock, valued at approximately $4,953,204. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the transaction, the director now directly owns 21,548 shares in the company, valued at $30,228,611.80. The trade was 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 quarter. Company insiders own 4.96% of the company's stock.

TransDigm Group Trading Down 2.1 %

NYSE:TDG traded down $28.23 during midday trading on Thursday, hitting $1,301.40. 268,438 shares of the company traded hands, compared to its average volume of 214,767. The firm's fifty day moving average is $1,368.33 and its 200-day moving average is $1,310.91. TransDigm Group Incorporated has a 12-month low of $817.62 and a 12-month high of $1,451.32. The firm has a market capitalization of $73.02 billion, a P/E ratio of 49.22, a P/E/G ratio of 1.84 and a beta of 1.43.

TransDigm Group (NYSE:TDG - Get Free Report) last released its earnings results 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. 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 for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the firm posted $6.55 earnings per share. The business's revenue was up 17.3% compared to the same quarter last year. On average, research analysts expect that TransDigm Group Incorporated will post 30.71 EPS for the current fiscal year.

TransDigm Group Increases Dividend

The firm 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 a positive change from TransDigm Group's previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

Analysts Set New Price Targets

TDG has been the topic of several research reports. Royal Bank of Canada reissued an "outperform" rating and set a $1,500.00 price target on shares of TransDigm Group in a research note on Wednesday, August 7th. Morgan Stanley lifted their price target on TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 7th. Wells Fargo & Company reduced their price target on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 7th. UBS Group cut their price objective on TransDigm Group from $1,466.00 to $1,423.00 and set a "neutral" rating for the company in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group cut 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 note on Tuesday, August 13th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,451.94.

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.