210 Shares in Transdigm Group Incorporated $TDG Acquired by IFG Advisory LLC

IFG Advisory LLC purchased a new position in Transdigm Group Incorporated (NYSE:TDG) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 210 shares of the aerospace company’s stock, valued at approximately $319,000.

Other hedge funds have also modified their holdings of the company. Vontobel Holding Ltd. purchased a new position in shares of Transdigm Group in the first quarter valued at $387,000. Mutual Advisors LLC purchased a new stake in Transdigm Group during the first quarter valued at $263,000. Wayfinding Financial LLC purchased a new position in shares of Transdigm Group in the 1st quarter worth $75,000. Crossmark Global Holdings Inc. grew its stake in shares of Transdigm Group by 19.8% in the 1st quarter. Crossmark Global Holdings Inc. now owns 3,095 shares of the aerospace company’s stock worth $4,281,000 after buying an additional 511 shares in the last quarter. Finally, Interchange Capital Partners LLC raised its position in shares of Transdigm Group by 8.2% during the 1st quarter. Interchange Capital Partners LLC now owns 263 shares of the aerospace company’s stock valued at $363,000 after buying an additional 20 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TDG shares. Citigroup lifted their price target on Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Susquehanna dropped their price objective on shares of Transdigm Group from $1,500.00 to $1,450.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. JPMorgan Chase & Co. increased their target price on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Royal Bank Of Canada downgraded Transdigm Group from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $1,550.00 to $1,385.00 in a report on Monday, September 8th. Finally, Jefferies Financial Group lowered their price objective on shares of Transdigm Group from $1,650.00 to $1,490.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Twelve equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Transdigm Group has a consensus rating of “Moderate Buy” and an average target price of $1,564.56.

Transdigm Group Stock Down 0.7%

NYSE:TDG opened at $1,299.77 on Tuesday. The stock’s fifty day moving average is $1,306.78 and its two-hundred day moving average is $1,406.68. Transdigm Group Incorporated has a 52 week low of $1,183.60 and a 52 week high of $1,623.82. The company has a market capitalization of $73.24 billion, a P/E ratio of 43.14, a P/E/G ratio of 3.25 and a beta of 1.02.

Transdigm Group (NYSE:TDG) last issued its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing analysts’ consensus estimates of $9.75 by ($0.15). The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.00 EPS. Sell-side analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

The company also recently disclosed a special dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were paid a $90.00 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This is an increase from Transdigm Group’s previous special dividend of $75.00.

Insider Transactions at Transdigm Group

In other news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $1,279.59, for a total transaction of $3,838,770.00. Following the completion of the sale, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at $4,606,524. The trade was a 45.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Patrick Joseph Murphy sold 580 shares of Transdigm Group stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $1,354.76, for a total transaction of $785,760.80. Following the transaction, the chief operating officer directly owned 1,055 shares in the company, valued at approximately $1,429,271.80. This trade represents a 35.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 22,512 shares of company stock worth $29,538,093 in the last 90 days. Insiders own 4.09% of the company’s stock.

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.