CHICAGO TRUST Co NA Acquires 242 Shares of TransDigm Group Incorporated (NYSE:TDG)

CHICAGO TRUST Co NA increased its stake in TransDigm Group Incorporated (NYSE:TDG) by 114.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 453 shares of the aerospace company’s stock after purchasing an additional 242 shares during the quarter. CHICAGO TRUST Co NA’s holdings in TransDigm Group were worth $646,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TDG. Fortitude Family Office LLC raised its stake in shares of 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 during the period. ORG Partners LLC purchased a new stake in TransDigm Group in the 1st quarter worth approximately $30,000. Meeder Asset Management Inc. raised its stake 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 period. Central Pacific Bank Trust Division bought a new position in shares of TransDigm Group in the first quarter worth approximately $39,000. Finally, Hershey Financial Advisers LLC purchased a new stake in shares of TransDigm Group in the second quarter worth $41,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

TransDigm Group Price Performance

Shares of TDG stock opened at $1,410.42 on Monday. The company has a market cap of $79.14 billion, a PE ratio of 52.18, a price-to-earnings-growth ratio of 1.84 and a beta of 1.43. The stock’s 50 day simple moving average is $1,339.33 and its two-hundred day simple moving average is $1,298.21. TransDigm Group Incorporated has a 1 year low of $811.42 and a 1 year high of $1,451.32.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the company earned $6.55 earnings per share. TransDigm Group’s revenue was up 17.3% on a year-over-year basis. Equities research analysts expect that TransDigm Group Incorporated will post 30.71 EPS for the current year.

TransDigm Group Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on TDG shares. JPMorgan Chase & Co. lifted their target price on shares of TransDigm Group from $1,350.00 to $1,435.00 and gave the company a “neutral” rating in a research note on Wednesday, September 4th. Susquehanna upped their price objective on TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. UBS Group decreased their target price on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. StockNews.com downgraded TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Finally, Wells Fargo & Company lowered their target price on shares of 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. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,441.35.

Insider Buying and Selling at TransDigm Group

In related news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,019,981.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,019,981.92. This trade 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 can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on 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 disclosure for this sale can be found here. Insiders sold 18,472 shares of company stock worth $23,941,840 over the last 90 days. Company 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.