Sequoia Financial Advisors LLC Buys 91 Shares of TransDigm Group Incorporated (NYSE:TDG)

Sequoia Financial Advisors LLC grew its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 1.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 6,286 shares of the aerospace company’s stock after acquiring an additional 91 shares during the period. Sequoia Financial Advisors LLC’s holdings in TransDigm Group were worth $8,971,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Surience Private Wealth LLC bought a new position in shares of TransDigm Group during the third quarter valued at $4,007,000. Western Financial Corp CA raised its stake in shares of TransDigm Group by 2.8% in the third quarter. Western Financial Corp CA now owns 1,492 shares of the aerospace company’s stock worth $2,129,000 after buying an additional 40 shares during the period. Castleview Partners LLC grew its position in shares of TransDigm Group by 61.1% during the third quarter. Castleview Partners LLC now owns 87 shares of the aerospace company’s stock worth $124,000 after purchasing an additional 33 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of TransDigm Group by 95.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 40,583 shares of the aerospace company’s stock worth $57,917,000 after purchasing an additional 19,868 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC grew its holdings in TransDigm Group by 52.1% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 2,099 shares of the aerospace company’s stock valued at $2,996,000 after buying an additional 719 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insiders Place Their Bets

In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,019,981.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 8,158 shares in the company, valued at $10,019,981.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $5,046,300. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,944 shares of company stock worth $35,823,485. 4.96% of the stock is owned by corporate insiders.

TransDigm Group Trading Down 2.7 %

Shares of TDG stock opened at $1,350.08 on Wednesday. The company has a market capitalization of $75.55 billion, a P/E ratio of 53.55, a P/E/G ratio of 1.88 and a beta of 1.43. The business’s 50 day moving average is $1,361.72 and its two-hundred day moving average is $1,306.48. TransDigm Group Incorporated has a 12-month low of $811.42 and a 12-month high of $1,451.32.

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

TransDigm Group Increases Dividend

The firm also recently declared 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 was Friday, October 4th. This is an increase from TransDigm Group’s previous special dividend of $32.50.

Wall Street Analyst Weigh In

Several research firms have weighed in on TDG. Jefferies Financial Group cut their price target on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Susquehanna lifted their target price on 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. UBS Group reduced their price target on 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. Deutsche Bank Aktiengesellschaft upped their target price 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, StockNews.com lowered TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,448.41.

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.