Sequoia Financial Advisors LLC Boosts Holdings in TransDigm Group Incorporated (NYSE:TDG)

Sequoia Financial Advisors LLC grew its position in TransDigm Group Incorporated (NYSE:TDG) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,286 shares of the aerospace company’s stock after buying an additional 91 shares during the period. Sequoia Financial Advisors LLC’s holdings in TransDigm Group were worth $8,971,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Capital World Investors boosted its position in shares of TransDigm Group by 14.3% during the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock worth $4,354,369,000 after purchasing an additional 442,182 shares during the period. JPMorgan Chase & Co. boosted its position in shares of TransDigm Group by 13.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock worth $2,056,109,000 after purchasing an additional 192,962 shares during the period. Darsana Capital Partners LP purchased a new position in shares of TransDigm Group during the 2nd quarter worth approximately $210,806,000. Vanguard Group Inc. boosted its position in shares of TransDigm Group by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock worth $7,447,587,000 after purchasing an additional 58,243 shares during the period. Finally, Point72 Asset Management L.P. boosted its position in shares of TransDigm Group by 2,868.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 47,069 shares of the aerospace company’s stock worth $60,136,000 after purchasing an additional 48,769 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Down 2.7 %

Shares of TDG opened at $1,350.08 on Wednesday. TransDigm Group Incorporated has a twelve month low of $811.42 and a twelve month high of $1,451.32. The firm’s fifty day simple moving average is $1,361.72 and its 200-day simple moving average is $1,306.48. The firm has a market capitalization of $75.55 billion, a price-to-earnings ratio of 53.55, a PEG ratio of 1.88 and a beta of 1.43.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, topping the consensus estimate of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the business earned $6.55 EPS. TransDigm Group’s revenue for the quarter was up 17.3% compared to the same quarter last year. On average, analysts predict that TransDigm Group Incorporated will post 30.71 earnings per share for the current fiscal year.

TransDigm Group Increases Dividend

The business also recently declared a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were paid a dividend of $75.00 per share. 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 subject of a number of research analyst reports. Wells Fargo & Company lowered their price objective 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 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. JPMorgan Chase & Co. raised their price target on shares of 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. Susquehanna raised 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. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research report on Wednesday, August 7th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,448.41.

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction 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 sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,953,204. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group 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 transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,019,981.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction 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 transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,953,204. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,944 shares of company stock worth $35,823,485 in the last ninety days. 4.96% of the stock is owned by corporate insiders.

TransDigm Group 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.