Linonia Partnership LP Has $68.73 Million Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Linonia Partnership LP reduced its holdings in TransDigm Group Incorporated (NYSE:TDG) by 39.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,159 shares of the aerospace company’s stock after selling 31,560 shares during the quarter. TransDigm Group comprises 4.2% of Linonia Partnership LP’s investment portfolio, making the stock its 8th largest position. Linonia Partnership LP’s holdings in TransDigm Group were worth $68,729,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in TDG. Fortitude Family Office LLC raised its stake in TransDigm Group by 283.3% in the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after buying an additional 17 shares in the last quarter. First Personal Financial Services purchased a new position in shares of TransDigm Group during the 3rd quarter worth approximately $29,000. Meeder Asset Management Inc. grew its holdings in shares of 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 period. DT Investment Partners LLC raised its position in shares of TransDigm Group by 68.8% in the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after acquiring an additional 11 shares in the last quarter. Finally, Hershey Financial Advisers LLC purchased a new position in shares of TransDigm Group in the 2nd quarter valued at approximately $41,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Price Performance

NYSE TDG traded down $7.55 during trading hours on Monday, hitting $1,252.77. The company’s stock had a trading volume of 25,861 shares, compared to its average volume of 223,391. The company has a market cap of $70.44 billion, a P/E ratio of 49.23, a price-to-earnings-growth ratio of 2.84 and a beta of 1.43. The company’s 50 day simple moving average is $1,359.76 and its two-hundred day simple moving average is $1,318.28. TransDigm Group Incorporated has a 12 month low of $949.99 and a 12 month high of $1,451.32.

TransDigm Group Increases Dividend

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

Insider Activity at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction dated 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 sale, 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 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 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 transaction of $4,127,670.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,953,204. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,944 shares of company stock worth $23,541,085 over the last quarter. Company insiders own 4.96% of the company’s stock.

Analysts Set New Price Targets

TDG has been the topic of several recent research reports. UBS Group decreased their price objective on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Morgan Stanley increased their price target on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Northcoast Research assumed coverage on shares of TransDigm Group in a research note on Thursday, August 1st. They set a “neutral” rating for the company. Finally, StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, TransDigm Group presently has an average rating of “Moderate Buy” and an average price target of $1,461.82.

TransDigm Group Company 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.