TransDigm Group Incorporated (NYSE:TDG) Holdings Lifted by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in TransDigm Group Incorporated (NYSE:TDG) by 0.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 131,149 shares of the aerospace company’s stock after acquiring an additional 1,142 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in TransDigm Group were worth $161,523,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in TransDigm Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 5,903,014 shares of the aerospace company’s stock worth $4,977,008,000 after buying an additional 104,433 shares during the period. Capital World Investors increased its holdings in shares of TransDigm Group by 4.0% in the 4th quarter. Capital World Investors now owns 3,093,357 shares of the aerospace company’s stock valued at $3,129,240,000 after purchasing an additional 120,058 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of TransDigm Group by 46.1% during the third quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company’s stock worth $933,765,000 after purchasing an additional 349,409 shares during the period. Norges Bank acquired a new position in TransDigm Group in the 4th quarter valued at approximately $790,822,000. Finally, Morgan Stanley boosted its stake in shares of TransDigm Group by 0.8% during the 3rd quarter. Morgan Stanley now owns 650,127 shares of the aerospace company’s stock valued at $548,144,000 after buying an additional 4,989 shares during the period. Institutional investors own 95.78% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. KeyCorp lifted their price target on TransDigm Group from $1,325.00 to $1,440.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. Robert W. Baird lifted their target price on shares of TransDigm Group from $1,290.00 to $1,357.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Susquehanna increased their price target on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. UBS Group lifted their price objective on shares of TransDigm Group from $1,403.00 to $1,466.00 and gave the company a “neutral” rating in a research note on Monday. Finally, TD Cowen increased their target price on shares of TransDigm Group from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,414.06.

TransDigm Group Stock Performance

NYSE:TDG traded up $1.74 during trading hours on Wednesday, hitting $1,279.84. The stock had a trading volume of 28,371 shares, compared to its average volume of 221,328. The business’s 50 day moving average is $1,304.81 and its 200-day moving average is $1,188.76. The company has a market cap of $71.62 billion, a price-to-earnings ratio of 50.70, a P/E/G ratio of 2.16 and a beta of 1.38. TransDigm Group Incorporated has a one year low of $802.46 and a one year high of $1,369.57.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, beating the consensus estimate of $7.42 by $0.57. The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.88 billion. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.39 earnings per share. On average, sell-side analysts anticipate that TransDigm Group Incorporated will post 30.04 EPS for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In related news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $1,308.52, for a total value of $13,085,200.00. Following the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,674,906.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,439,160. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $1,308.52, for a total value of $13,085,200.00. Following the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,674,906.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,833 shares of company stock worth $131,249,183. Corporate insiders own 4.96% of the company’s stock.

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.