Summit Trail Advisors LLC Sells 10 Shares of TransDigm Group Incorporated (NYSE:TDG)

Summit Trail Advisors LLC lowered its position in TransDigm Group Incorporated (NYSE:TDG) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,004 shares of the aerospace company’s stock after selling 10 shares during the quarter. Summit Trail Advisors LLC’s holdings in TransDigm Group were worth $1,433,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Lazard Asset Management LLC raised its stake in TransDigm Group by 31.2% in the 1st quarter. Lazard Asset Management LLC now owns 395 shares of the aerospace company’s stock worth $486,000 after acquiring an additional 94 shares during the last quarter. Ascent Group LLC raised its stake in TransDigm Group by 2.3% in the 1st quarter. Ascent Group LLC now owns 992 shares of the aerospace company’s stock worth $1,222,000 after acquiring an additional 22 shares during the last quarter. Kennedy Capital Management LLC purchased a new position in TransDigm Group in the 1st quarter worth $5,706,000. Investidor Profissional Gestao de Recursos Ltda. raised its stake in TransDigm Group by 0.7% in the 1st quarter. Investidor Profissional Gestao de Recursos Ltda. now owns 10,388 shares of the aerospace company’s stock worth $12,794,000 after acquiring an additional 77 shares during the last quarter. Finally, Ancora Advisors LLC grew its position in TransDigm Group by 11.8% during the 1st quarter. Ancora Advisors LLC now owns 5,219 shares of the aerospace company’s stock worth $6,427,000 after purchasing an additional 552 shares during the period. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Up 1.6 %

TransDigm Group stock opened at $1,260.32 on Monday. The firm has a 50-day moving average price of $1,359.76 and a two-hundred day moving average price of $1,318.28. The firm has a market capitalization of $70.87 billion, a price-to-earnings ratio of 49.23, a PEG ratio of 2.84 and a beta of 1.43. TransDigm Group Incorporated has a 52-week low of $949.99 and a 52-week high of $1,451.32.

TransDigm Group Increases Dividend

The company also recently announced a special dividend, which was paid on Friday, October 18th. Shareholders 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.

Insider Buying and Selling at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $30,228,611.80. This represents a 20.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $5,046,300. This represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,944 shares of company stock valued at $23,541,085 in the last ninety days. Company insiders own 4.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TDG. KeyCorp increased their price target on 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. Wells Fargo & Company cut their price target on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 7th. Morgan Stanley increased their price target on TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Susquehanna raised 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. Finally, Deutsche Bank Aktiengesellschaft raised 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. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, TransDigm Group presently has an average rating of “Moderate Buy” and an average price target of $1,461.82.

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.