Skye Global Management LP Has $159.84 Million Holdings in TransDigm Group Incorporated (NYSE:TDG)

Skye Global Management LP increased its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,000 shares of the aerospace company's stock after acquiring an additional 928 shares during the quarter. TransDigm Group makes up 3.9% of Skye Global Management LP's investment portfolio, making the stock its 4th largest position. Skye Global Management LP owned approximately 0.20% of TransDigm Group worth $159,839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in TDG. Rockefeller Capital Management L.P. lifted its stake in TransDigm Group by 17.8% in the third quarter. Rockefeller Capital Management L.P. now owns 14,721 shares of the aerospace company's stock worth $21,004,000 after acquiring an additional 2,224 shares during the period. Vinva Investment Management Ltd lifted its position in shares of TransDigm Group by 25.2% in the 3rd quarter. Vinva Investment Management Ltd now owns 1,637 shares of the aerospace company's stock worth $2,297,000 after purchasing an additional 329 shares during the period. Public Sector Pension Investment Board lifted its position in shares of TransDigm Group by 13.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 2,453 shares of the aerospace company's stock worth $3,501,000 after purchasing an additional 300 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of TransDigm Group by 3.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company's stock valued at $391,918,000 after purchasing an additional 7,947 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of TransDigm Group by 6.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,904 shares of the aerospace company's stock valued at $51,240,000 after buying an additional 2,210 shares during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Stock Performance

Shares of TDG stock traded up $3.64 during trading hours on Friday, reaching $1,252.97. The company had a trading volume of 171,082 shares, compared to its average volume of 225,741. The business has a fifty day moving average price of $1,349.97 and a 200-day moving average price of $1,316.58. TransDigm Group Incorporated has a one year low of $949.99 and a one year high of $1,451.32. The firm has a market cap of $70.45 billion, a PE ratio of 48.80, a price-to-earnings-growth ratio of 2.81 and a beta of 1.43.

TransDigm Group Increases Dividend

The company also recently declared a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were issued 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 was Friday, October 4th.

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,953,204. The trade was a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the transaction, the director now owns 21,548 shares in the company, valued at $29,659,098.16. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,944 shares of company stock valued at $23,541,085 over the last 90 days. Company insiders own 4.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TDG shares. Citigroup cut their price objective on TransDigm Group from $1,648.00 to $1,563.00 and set a "buy" rating on the stock in a research report on Wednesday, November 6th. Northcoast Research initiated coverage on TransDigm Group in a research report on Thursday, August 1st. They set a "neutral" rating on the stock. Wells Fargo & Company decreased their price objective on TransDigm Group from $1,390.00 to $1,350.00 and set an "equal weight" rating for the company in a report on Wednesday, August 7th. JPMorgan Chase & Co. raised their price objective on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a "neutral" rating in a research report on Monday, October 14th. Finally, StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Monday, November 11th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, TransDigm Group presently has an average rating of "Moderate Buy" and an average target price of $1,461.82.

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.