Empirical Finance LLC Has $2.63 Million Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Empirical Finance LLC grew its position in TransDigm Group Incorporated (NYSE:TDG) by 2.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,840 shares of the aerospace company’s stock after purchasing an additional 47 shares during the quarter. Empirical Finance LLC’s holdings in TransDigm Group were worth $2,626,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in TDG. Vanguard Group Inc. raised its position in shares of TransDigm Group by 1.0% in the first quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock valued at $7,447,587,000 after buying an additional 58,243 shares in the last quarter. Capital World Investors lifted 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 valued at $4,354,369,000 after acquiring an additional 442,182 shares during the period. Capital Research Global Investors grew its holdings in shares of TransDigm Group by 1.6% during the 1st quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company’s stock worth $2,420,882,000 after purchasing an additional 30,393 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of TransDigm Group by 13.1% in the first 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. Finally, Legal & General Group Plc lifted its position in TransDigm Group by 2.6% during the second quarter. Legal & General Group Plc now owns 365,745 shares of the aerospace company’s stock worth $467,282,000 after purchasing an additional 9,180 shares during the period. Institutional investors own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

TDG has been the subject of several analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research report on Wednesday, August 7th. JPMorgan Chase & Co. raised their target price on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a report on Monday, October 14th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Morgan Stanley raised their price objective on TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Finally, Northcoast Research started coverage on TransDigm Group in a research note on Thursday, August 1st. They set a “neutral” rating for the company. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,461.82.

TransDigm Group Trading Down 1.4 %

Shares of TDG opened at $1,254.16 on Friday. The company has a market capitalization of $70.52 billion, a PE ratio of 48.99, a PEG ratio of 2.41 and a beta of 1.43. The stock’s 50-day moving average price is $1,366.93 and its two-hundred day moving average price is $1,318.66. TransDigm Group Incorporated has a 12 month low of $949.99 and a 12 month high of $1,451.32.

TransDigm Group Increases Dividend

The business also recently announced a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued a $75.00 dividend. The ex-dividend date was Friday, October 4th. This is a boost from TransDigm Group’s previous special dividend of $32.50.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $30,228,611.80. This represents a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 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 completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $5,046,300. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,944 shares of company stock valued at $23,541,085. 4.96% of the stock is currently owned by company insiders.

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.