Kovitz Investment Group Partners LLC Purchases 550 Shares of TransDigm Group Incorporated (NYSE:TDG)

Kovitz Investment Group Partners LLC raised its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 12.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,881 shares of the aerospace company's stock after acquiring an additional 550 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in TransDigm Group were worth $6,966,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. First Personal Financial Services bought a new stake in TransDigm Group in the third quarter valued at $29,000. Erste Asset Management GmbH acquired a new position in shares of TransDigm Group during the third quarter worth approximately $29,000. Meeder Asset Management Inc. lifted its holdings in shares of 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 purchasing an additional 22 shares in the last quarter. DT Investment Partners LLC grew its position in TransDigm Group by 68.8% in the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company's stock valued at $39,000 after purchasing an additional 11 shares during the period. Finally, Hershey Financial Advisers LLC bought a new stake in TransDigm Group during the 2nd quarter valued at $41,000. 95.78% of the stock is owned by institutional investors.

Insider Transactions at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $30,228,611.80. This trade represents a 20.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of the business'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 transaction, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at $5,046,300. The trade was a 45.45 % 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 three months. Company insiders own 4.96% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TDG. StockNews.com downgraded shares of TransDigm Group from a "buy" rating to a "hold" rating in a research report on Friday. JPMorgan Chase & Co. increased their price objective on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a "neutral" rating in a research note on Monday, October 14th. Citigroup lifted their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft increased their price target on TransDigm Group from $1,524.00 to $1,577.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. Finally, KeyCorp lifted their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, TransDigm Group has an average rating of "Moderate Buy" and a consensus target price of $1,464.00.

TransDigm Group Price Performance

Shares of TDG traded down $13.65 during trading hours on Friday, hitting $1,279.21. The company's stock had a trading volume of 289,929 shares, compared to its average volume of 338,949. The company has a market cap of $71.93 billion, a price-to-earnings ratio of 49.97, a PEG ratio of 2.99 and a beta of 1.39. The business has a 50 day simple moving average of $1,333.48 and a two-hundred day simple moving average of $1,315.82. TransDigm Group Incorporated has a 52-week low of $965.69 and a 52-week high of $1,451.32.

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 dividend of $75.00 per share. The ex-dividend date of this dividend was Friday, October 4th. This is an increase from TransDigm Group's previous special dividend of $32.50.

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.