TransDigm Group Incorporated (NYSE:TDG) Position Lessened by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd trimmed its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,675 shares of the aerospace company’s stock after selling 50 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in TransDigm Group were worth $6,752,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in TransDigm Group by 1.8% during the third 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 last quarter. Deutsche Bank AG increased its position in TransDigm Group by 1,947.8% during the third quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company’s stock worth $2,859,376,000 after buying an additional 3,225,771 shares during the last quarter. FMR LLC increased its position in TransDigm Group by 9.0% during the third quarter. FMR LLC now owns 1,651,413 shares of the aerospace company’s stock worth $1,392,355,000 after buying an additional 136,834 shares during the last quarter. JPMorgan Chase & Co. increased its position in 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 buying an additional 349,409 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in TransDigm Group by 2.6% during the first quarter. Geode Capital Management LLC now owns 1,063,539 shares of the aerospace company’s stock worth $782,086,000 after buying an additional 27,365 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TransDigm Group news, Director Michael Graff sold 3,460 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the completion of the transaction, the director now owns 4,879 shares in the company, valued at $5,406,761.43. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,439,160. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Graff sold 3,460 shares of TransDigm Group stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the completion of the transaction, the director now owns 4,879 shares of the company’s stock, valued at approximately $5,406,761.43. The disclosure for this sale can be found here. Insiders sold a total of 59,087 shares of company stock worth $69,840,358 over the last quarter. Company insiders own 4.96% of the company’s stock.

TransDigm Group Stock Down 2.1 %

Shares of TDG opened at $1,187.70 on Monday. The stock has a market cap of $66.04 billion, a price-to-earnings ratio of 50.41, a P/E/G ratio of 2.42 and a beta of 1.42. TransDigm Group Incorporated has a 12 month low of $741.74 and a 12 month high of $1,248.39. The company has a 50-day moving average price of $1,192.72 and a two-hundred day moving average price of $1,049.31.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 EPS for the quarter, topping analysts’ consensus estimates of $6.41 by $0.75. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.68 billion. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The company’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter last year, the company earned $4.15 earnings per share. Equities research analysts expect that TransDigm Group Incorporated will post 29.08 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on TDG shares. KeyCorp increased their target price on shares of TransDigm Group from $1,180.00 to $1,220.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Royal Bank of Canada raised their price target on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. The Goldman Sachs Group raised their price target on TransDigm Group from $1,285.00 to $1,518.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. raised their price target on TransDigm Group from $1,050.00 to $1,175.00 and gave the company a “neutral” rating in a research report on Wednesday, March 27th. Finally, Truist Financial raised their price target on TransDigm Group from $1,158.00 to $1,267.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, TransDigm Group has a consensus rating of “Moderate Buy” and a consensus price target of $1,163.27.

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.