Cerity Partners LLC Has $10.37 Million Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Cerity Partners LLC increased its holdings in TransDigm Group Incorporated (NYSE:TDG) by 39.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,269 shares of the aerospace company’s stock after acquiring an additional 2,043 shares during the period. Cerity Partners LLC’s holdings in TransDigm Group were worth $10,373,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Legal & General Group Plc boosted its holdings in shares of TransDigm Group by 2.6% during the second quarter. Legal & General Group Plc now owns 365,745 shares of the aerospace company’s stock worth $467,282,000 after purchasing an additional 9,180 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of TransDigm Group by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 338,106 shares of the aerospace company’s stock valued at $482,521,000 after buying an additional 4,481 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of TransDigm Group by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 320,771 shares of the aerospace company’s stock valued at $409,821,000 after acquiring an additional 1,035 shares in the last quarter. Swiss National Bank increased its stake in shares of TransDigm Group by 0.9% in the third quarter. Swiss National Bank now owns 166,100 shares of the aerospace company’s stock worth $237,046,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Darsana Capital Partners LP purchased a new stake in shares of TransDigm Group during the second quarter worth $210,806,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

TDG has been the topic of a number of recent research reports. KeyCorp boosted their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Susquehanna lifted their target price on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Royal Bank of Canada restated an “outperform” rating and set a $1,500.00 price target on shares of TransDigm Group in a research note on Wednesday, August 7th. Finally, Northcoast Research assumed coverage on shares of TransDigm Group in a research note on Thursday, August 1st. They issued a “neutral” rating for the company. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,461.82.

TransDigm Group Price Performance

Shares of TransDigm Group stock opened at $1,261.06 on Wednesday. The company has a market cap of $70.91 billion, a PE ratio of 49.26, a price-to-earnings-growth ratio of 2.84 and a beta of 1.43. The firm has a fifty day moving average price of $1,355.24 and a two-hundred day moving average price of $1,317.52. TransDigm Group Incorporated has a fifty-two week low of $949.99 and a fifty-two week high of $1,451.32.

TransDigm Group Increases Dividend

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

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $5,046,300. This represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction 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 owns 21,548 shares in the company, valued at $29,659,098.16. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,944 shares of company stock worth $23,541,085 over the last 90 days. Corporate insiders own 4.96% of the company’s stock.

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.