Pier 88 Investment Partners LLC Has $4.06 Million Stake in TransDigm Group Incorporated (NYSE:TDG)

Pier 88 Investment Partners LLC lifted its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 11.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,845 shares of the aerospace company’s stock after purchasing an additional 300 shares during the quarter. TransDigm Group accounts for about 0.9% of Pier 88 Investment Partners LLC’s portfolio, making the stock its 27th largest position. Pier 88 Investment Partners LLC’s holdings in TransDigm Group were worth $4,060,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. First Personal Financial Services acquired a new position in shares of TransDigm Group during the third quarter worth $29,000. Fortitude Family Office LLC boosted its stake in shares of TransDigm Group by 283.3% during 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 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 in the last quarter. Meeder Asset Management Inc. grew its holdings in TransDigm Group by 275.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 22 shares during the last quarter. Finally, Hershey Financial Advisers LLC bought a new stake in shares of TransDigm Group in the 2nd quarter valued at about $41,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group 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 value of $4,127,670.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at approximately $29,659,098.16. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,944 shares of company stock valued at $23,541,085. Company insiders own 4.96% of the company’s stock.

TransDigm Group Price Performance

Shares of NYSE:TDG opened at $1,363.00 on Thursday. TransDigm Group Incorporated has a 1 year low of $949.99 and a 1 year high of $1,451.32. The company 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. The business has a fifty day moving average price of $1,368.61 and a two-hundred day moving average price of $1,318.69.

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 issued a dividend of $75.00 per share. The ex-dividend date was Friday, October 4th. This is an increase from TransDigm Group’s previous special dividend of $32.50.

Analyst Upgrades and Downgrades

TDG has been the topic of several recent analyst reports. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Monday. Citigroup lowered their target price 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. Northcoast Research assumed coverage on TransDigm Group in a report on Thursday, August 1st. They set a “neutral” rating on the stock. UBS Group lowered their price objective on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $1,500.00 target price on shares of TransDigm Group in a research note on Wednesday, August 7th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus 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.