Axxcess Wealth Management LLC Sells 23 Shares of TransDigm Group Incorporated (NYSE:TDG)

Axxcess Wealth Management LLC lessened its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 8.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 243 shares of the aerospace company’s stock after selling 23 shares during the period. Axxcess Wealth Management LLC’s holdings in TransDigm Group were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of TransDigm Group by 1.0% in the first quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock worth $7,447,587,000 after purchasing an additional 58,243 shares during the period. Capital World Investors grew its position in TransDigm Group by 14.3% during the first quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock worth $4,354,369,000 after buying an additional 442,182 shares in the last quarter. Capital Research Global Investors increased its stake in TransDigm Group by 1.6% in the 1st quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company’s stock worth $2,420,882,000 after acquiring an additional 30,393 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of TransDigm Group by 13.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock valued at $2,056,109,000 after acquiring an additional 192,962 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of TransDigm Group by 2.6% during the 2nd quarter. Legal & General Group Plc now owns 365,745 shares of the aerospace company’s stock valued at $467,282,000 after acquiring an additional 9,180 shares during the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft increased their price target 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. Jefferies Financial Group dropped their price target on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. KeyCorp boosted their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Finally, Susquehanna lifted their target price on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus target price of $1,461.82.

Insider Transactions at TransDigm Group

In related news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction dated 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 of the company’s stock, valued at $30,228,611.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the sale, the director now directly owns 21,548 shares in the company, valued at $30,228,611.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were 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 directly owns 3,600 shares of the company’s stock, valued at $4,953,204. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,944 shares of company stock valued at $23,541,085. Company insiders own 4.96% of the company’s stock.

TransDigm Group Stock Performance

TDG opened at $1,363.00 on Thursday. The stock’s 50 day moving average price is $1,368.61 and its 200-day moving average price is $1,318.69. TransDigm Group Incorporated has a 52-week low of $949.99 and a 52-week high of $1,451.32. The stock has a market capitalization of $76.64 billion, a PE ratio of 53.24, a price-to-earnings-growth ratio of 2.41 and a beta of 1.43.

TransDigm Group Increases Dividend

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

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.