Insider Selling: Transdigm Group (NYSE:TDG) COO Sells 290 Shares of Stock

Transdigm Group Incorporated (NYSE:TDG) COO Patrick Joseph Murphy sold 290 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $1,310.00, for a total value of $379,900.00. Following the transaction, the chief operating officer owned 1,055 shares of the company’s stock, valued at approximately $1,382,050. This trade represents a 21.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Patrick Joseph Murphy also recently made the following trade(s):

• On Monday, October 27th, Patrick Joseph Murphy sold 580 shares of Transdigm Group stock. The stock was sold at an average price of $1,354.76, for a total value of $785,760.80.

Transdigm Group Stock Down 0.7%

Shares of TDG stock traded down $9.33 during trading hours on Tuesday, reaching $1,290.67. 249,601 shares of the company’s stock were exchanged, compared to its average volume of 297,255. Transdigm Group Incorporated has a fifty-two week low of $1,183.60 and a fifty-two week high of $1,623.82. The stock has a market capitalization of $72.73 billion, a P/E ratio of 42.84, a P/E/G ratio of 3.25 and a beta of 1.02. The business has a fifty day moving average price of $1,306.78 and a 200-day moving average price of $1,406.68.

Transdigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing analysts’ consensus estimates of $9.75 by ($0.15). The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $9.00 earnings per share. As a group, research analysts expect that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Transdigm Group Increases Dividend

The company also recently disclosed a special dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were given a dividend of $90.00 per share. This is a boost from Transdigm Group’s previous special dividend of $75.00. The ex-dividend date was Tuesday, September 2nd.

Hedge Funds Weigh In On Transdigm Group

Several large investors have recently made changes to their positions in the company. Cornerstone Planning Group LLC lifted its stake in shares of Transdigm Group by 7,560.0% during the third quarter. Cornerstone Planning Group LLC now owns 383 shares of the aerospace company’s stock valued at $505,000 after acquiring an additional 378 shares during the period. Simmons Bank lifted its stake in Transdigm Group by 2.3% in the third quarter. Simmons Bank now owns 404 shares of the aerospace company’s stock valued at $532,000 after buying an additional 9 shares during the period. Mission Wealth Management LP lifted its stake in Transdigm Group by 6.4% in the third quarter. Mission Wealth Management LP now owns 167 shares of the aerospace company’s stock valued at $221,000 after buying an additional 10 shares during the period. Jones Financial Companies Lllp lifted its stake in Transdigm Group by 19.0% in the third quarter. Jones Financial Companies Lllp now owns 1,532 shares of the aerospace company’s stock valued at $1,985,000 after buying an additional 245 shares during the period. Finally, Mediolanum International Funds Ltd lifted its stake in Transdigm Group by 5.8% in the third quarter. Mediolanum International Funds Ltd now owns 6,985 shares of the aerospace company’s stock valued at $9,006,000 after buying an additional 382 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on TDG shares. Citigroup boosted their price objective on Transdigm Group from $1,635.00 to $1,795.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Jefferies Financial Group lowered their price objective on Transdigm Group from $1,650.00 to $1,490.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. Susquehanna lowered their price objective on Transdigm Group from $1,500.00 to $1,450.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Royal Bank Of Canada cut Transdigm Group from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $1,550.00 to $1,385.00 in a research report on Monday, September 8th. Finally, KeyCorp lowered their price target on Transdigm Group from $1,700.00 to $1,600.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Twelve analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,564.56.

About Transdigm Group

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.