Main Management ETF Advisors LLC Purchases New Holdings in TransDigm Group Incorporated (NYSE:TDG)

Main Management ETF Advisors LLC purchased a new stake in TransDigm Group Incorporated (NYSE:TDG) in the third quarter, Holdings Channel.com reports. The firm purchased 776 shares of the aerospace company’s stock, valued at approximately $1,107,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Souders Financial Advisors boosted its holdings in TransDigm Group by 1.0% in the third quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock valued at $1,137,000 after purchasing an additional 8 shares during the last quarter. Prosperity Financial Group Inc. boosted its holdings in TransDigm Group by 3.6% in the third quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company’s stock valued at $328,000 after purchasing an additional 8 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in TransDigm Group by 2.0% in the second quarter. QRG Capital Management Inc. now owns 560 shares of the aerospace company’s stock valued at $715,000 after purchasing an additional 11 shares during the last quarter. Stablepoint Partners LLC lifted its holdings in TransDigm Group by 2.7% during the 2nd quarter. Stablepoint Partners LLC now owns 418 shares of the aerospace company’s stock worth $517,000 after buying an additional 11 shares during the last quarter. Finally, DT Investment Partners LLC lifted its holdings in TransDigm Group by 68.8% during the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after buying an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Activity at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction 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 transaction, the director now directly owns 21,548 shares in the company, valued at approximately $30,228,611.80. This trade represents a 20.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group 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 owns 3,600 shares in the company, valued at approximately $4,953,204. This trade represents a 45.45 % decrease in their ownership of the stock. 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 in the last three months. 4.96% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on TDG. Citigroup increased their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a report on Thursday. KeyCorp increased their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft increased their target price on 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 reduced their target price on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. raised their price target on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,464.00.

TransDigm Group Price Performance

TDG opened at $1,277.00 on Friday. TransDigm Group Incorporated has a 12 month low of $965.69 and a 12 month high of $1,451.32. The stock has a market cap of $71.81 billion, a P/E ratio of 49.88, a P/E/G ratio of 2.99 and a beta of 1.39. The stock’s 50 day moving average price is $1,333.48 and its 200 day moving average price is $1,315.97.

TransDigm Group Increases Dividend

The firm also recently announced a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were given a $75.00 dividend. This is a boost from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

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.