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

Circle Wealth Management LLC decreased its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 7.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 717 shares of the aerospace company’s stock after selling 61 shares during the quarter. Circle Wealth Management LLC’s holdings in TransDigm Group were worth $1,023,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Darsana Capital Partners LP purchased a new position in shares of TransDigm Group during the second quarter worth about $210,806,000. International Assets Investment Management LLC grew its holdings in shares of TransDigm Group by 108,517.8% during the third quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company’s stock worth $69,755,000 after buying an additional 48,833 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in shares of TransDigm Group by 2,868.8% during the second quarter. Point72 Asset Management L.P. now owns 47,069 shares of the aerospace company’s stock worth $60,136,000 after buying an additional 48,769 shares during the last quarter. FMR LLC grew its holdings in shares of TransDigm Group by 2.3% during the third quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock worth $2,740,348,000 after buying an additional 43,604 shares during the last quarter. Finally, Citigroup Inc. grew its holdings in shares of TransDigm Group by 36.9% during the third quarter. Citigroup Inc. now owns 120,876 shares of the aerospace company’s stock worth $172,506,000 after buying an additional 32,609 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Up 0.4 %

TDG stock opened at $1,254.45 on Friday. The firm has a 50 day moving average of $1,346.89 and a 200-day moving average of $1,316.40. TransDigm Group Incorporated has a 12-month low of $949.99 and a 12-month high of $1,451.32. The company has a market cap of $70.54 billion, a price-to-earnings ratio of 49.00, a PEG ratio of 2.81 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. Investors of record on Friday, October 4th were given a dividend of $75.00 per share. This is an increase from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date of this dividend was Friday, October 4th.

Insider Buying and Selling

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 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold 16,944 shares of company stock worth $23,541,085 in the last ninety days. Insiders own 4.96% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on TDG. Wells Fargo & Company lowered 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. JPMorgan Chase & Co. raised their price objective on shares of 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 raised their price objective on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. KeyCorp raised their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Finally, StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus target price of $1,461.82.

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.