Edgestream Partners L.P. Has $8.73 Million Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Edgestream Partners L.P. raised its stake in TransDigm Group Incorporated (NYSE:TDG) by 17.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,119 shares of the aerospace company’s stock after purchasing an additional 918 shares during the period. TransDigm Group accounts for approximately 0.4% of Edgestream Partners L.P.’s investment portfolio, making the stock its 18th biggest position. Edgestream Partners L.P.’s holdings in TransDigm Group were worth $8,733,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TDG. Wealth Enhancement Advisory Services LLC lifted its position in TransDigm Group by 17.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock worth $4,980,000 after acquiring an additional 567 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in TransDigm Group by 26.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,826 shares of the aerospace company’s stock worth $4,888,000 after purchasing an additional 789 shares during the last quarter. CIBC Asset Management Inc boosted its stake in TransDigm Group by 8.6% in the 3rd quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock valued at $11,658,000 after purchasing an additional 644 shares during the period. Cetera Investment Advisers grew its holdings in TransDigm Group by 90.5% in the 1st quarter. Cetera Investment Advisers now owns 4,015 shares of the aerospace company’s stock valued at $4,945,000 after buying an additional 1,907 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in TransDigm Group by 130.1% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 29,322 shares of the aerospace company’s stock worth $35,981,000 after buying an additional 16,578 shares during the period. 95.78% of the stock is owned by institutional investors.

Insider Activity at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,953,204. This represents a 45.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the completion of the transaction, the director now owns 21,548 shares of the company’s stock, valued at $29,659,098.16. This represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,944 shares of company stock valued at $23,541,085 in the last quarter. Insiders own 4.96% of the company’s stock.

TransDigm Group Trading Up 0.4 %

Shares of NYSE TDG opened at $1,254.45 on Friday. The company has a market cap of $70.54 billion, a price-to-earnings ratio of 49.00, a PEG ratio of 2.81 and a beta of 1.43. TransDigm Group Incorporated has a 12 month low of $949.99 and a 12 month high of $1,451.32. The stock has a 50-day moving average price of $1,346.89 and a two-hundred day moving average price of $1,316.40.

TransDigm Group Increases Dividend

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

Wall Street Analysts Forecast Growth

TDG has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price 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. KeyCorp increased their target price on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $1,500.00 target price on shares of TransDigm Group in a report on Wednesday, August 7th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Morgan Stanley raised their price objective on TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,461.82.

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.