Alkeon Capital Management LLC Decreases Position in TransDigm Group Incorporated (NYSE:TDG)

Alkeon Capital Management LLC cut its holdings in TransDigm Group Incorporated (NYSE:TDG) by 0.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 195,791 shares of the aerospace company’s stock after selling 171 shares during the period. Alkeon Capital Management LLC owned approximately 0.35% of TransDigm Group worth $279,419,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. First Personal Financial Services purchased a new stake in TransDigm Group during the 3rd quarter valued at about $29,000. Fortitude Family Office LLC lifted its position in 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 during the last quarter. DT Investment Partners LLC boosted its stake in shares of TransDigm Group by 68.8% during 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 during the period. Meeder Asset Management Inc. grew its holdings 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 worth $38,000 after purchasing an additional 22 shares during the last quarter. Finally, Hershey Financial Advisers LLC purchased a new position in shares of TransDigm Group in the second quarter worth $41,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $5,046,300. This represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total transaction 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 approximately $29,659,098.16. The trade was a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,944 shares of company stock worth $23,541,085 in the last 90 days. Insiders own 4.96% of the company’s stock.

TransDigm Group Price Performance

NYSE:TDG opened at $1,249.33 on Friday. The firm has a market capitalization of $70.25 billion, a P/E ratio of 48.80, a PEG ratio of 2.81 and a beta of 1.43. TransDigm Group Incorporated has a one year low of $949.99 and a one year high of $1,451.32. The company’s 50-day simple moving average is $1,349.97 and its 200 day simple moving average is $1,316.58.

TransDigm Group Increases Dividend

The business also recently declared a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were given 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.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TDG. Susquehanna increased their price target on shares of 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. Deutsche Bank Aktiengesellschaft increased their target price on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Wells Fargo & Company reduced 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 report on Wednesday, August 7th. Citigroup dropped their price objective 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, Morgan Stanley boosted their target price 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. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, TransDigm Group presently has a consensus rating of “Moderate Buy” and a consensus 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.