Kingsview Wealth Management LLC Sells 369 Shares of TransDigm Group Incorporated (NYSE:TDG)

Kingsview Wealth Management LLC decreased its position in TransDigm Group Incorporated (NYSE:TDG) by 7.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,762 shares of the aerospace company’s stock after selling 369 shares during the quarter. Kingsview Wealth Management LLC’s holdings in TransDigm Group were worth $6,796,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TDG. Lazard Asset Management LLC raised its stake in shares of TransDigm Group by 31.2% in the 1st quarter. Lazard Asset Management LLC now owns 395 shares of the aerospace company’s stock valued at $486,000 after purchasing an additional 94 shares during the period. Ascent Group LLC increased its position in shares of TransDigm Group by 2.3% in the first quarter. Ascent Group LLC now owns 992 shares of the aerospace company’s stock valued at $1,222,000 after acquiring an additional 22 shares during the last quarter. Kodai Capital Management LP acquired a new stake in shares of TransDigm Group in the first quarter valued at about $12,740,000. Kennedy Capital Management LLC acquired a new stake in shares of TransDigm Group in the first quarter valued at about $5,706,000. Finally, Iron Gate Global Advisors LLC acquired a new stake in shares of TransDigm Group in the first quarter valued at about $234,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Activity at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the business’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 transaction 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. The trade was a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. This represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,944 shares of company stock worth $23,541,085. Company insiders own 4.96% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on TDG. JPMorgan Chase & Co. lifted their target price on 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. Morgan Stanley lifted their price target on TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Jefferies Financial Group reduced their price target on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Citigroup reduced their price target on TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,461.82.

TransDigm Group Trading Up 1.6 %

Shares of TDG stock opened at $1,260.32 on Friday. The stock has a market cap of $70.87 billion, a P/E ratio of 49.23, a price-to-earnings-growth ratio of 2.19 and a beta of 1.43. The stock has a 50 day simple moving average of $1,359.76 and a 200 day simple moving average of $1,318.25. TransDigm Group Incorporated has a 1 year low of $949.99 and a 1 year high of $1,451.32.

TransDigm Group Increases Dividend

The business also recently declared a special dividend, which was paid on Friday, October 18th. Investors 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 of this dividend was Friday, October 4th.

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.