Circle Wealth Management LLC Cuts Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Circle Wealth Management LLC reduced its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 7.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 717 shares of the aerospace company’s stock after selling 61 shares during the period. Circle Wealth Management LLC’s holdings in TransDigm Group were worth $1,023,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. First Personal Financial Services purchased a new stake in shares of TransDigm Group in the third quarter valued at approximately $29,000. Fortitude Family Office LLC grew its position in shares of TransDigm Group by 283.3% in the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 17 shares in the last quarter. DT Investment Partners LLC grew its position in shares of TransDigm Group by 68.8% in the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 11 shares in the last quarter. Meeder Asset Management Inc. grew its position in shares of TransDigm Group by 275.0% in the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 22 shares in the last quarter. Finally, Hershey Financial Advisers LLC purchased a new stake in shares of TransDigm Group in the second quarter valued at approximately $41,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Susquehanna upped their price target 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. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Citigroup lowered their price objective on TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. JPMorgan Chase & Co. increased their price objective on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, TransDigm Group presently has a consensus rating of “Moderate Buy” and an average target price of $1,461.82.

TransDigm Group Trading Up 0.4 %

Shares of NYSE TDG opened at $1,254.45 on Friday. The stock has a market cap of $70.54 billion, a P/E 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 business’s fifty day simple moving average is $1,346.89 and its 200-day simple moving average is $1,316.40.

TransDigm Group Increases Dividend

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

Insider Activity

In related news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction 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 transaction, the director now directly owns 21,548 shares in the company, valued at $30,228,611.80. This trade represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,944 shares of company stock worth $23,541,085. Corporate insiders own 4.96% 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.