Sumitomo Mitsui DS Asset Management Company Ltd Raises Holdings in TransDigm Group Incorporated (NYSE:TDG)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 10.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,708 shares of the aerospace company’s stock after buying an additional 740 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in TransDigm Group were worth $9,848,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC raised its stake in TransDigm Group by 8.0% in the second quarter. Signaturefd LLC now owns 730 shares of the aerospace company’s stock worth $933,000 after buying an additional 54 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of TransDigm Group by 10.8% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,438 shares of the aerospace company’s stock worth $1,837,000 after purchasing an additional 140 shares during the last quarter. Nations Financial Group Inc. IA ADV bought a new stake in TransDigm Group during the second quarter valued at about $420,000. UMB Bank n.a. grew its stake in TransDigm Group by 68.8% in the second quarter. UMB Bank n.a. now owns 292 shares of the aerospace company’s stock valued at $373,000 after purchasing an additional 119 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in TransDigm Group by 5.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,694 shares of the aerospace company’s stock worth $43,048,000 after purchasing an additional 1,603 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

TDG has been the subject of several recent analyst reports. KeyCorp raised their target price on shares of TransDigm Group from $1,325.00 to $1,440.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Deutsche Bank Aktiengesellschaft boosted their target price on TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. Morgan Stanley increased their price target on TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Royal Bank of Canada restated an “outperform” rating and set a $1,500.00 price target on shares of TransDigm Group in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company decreased their price objective on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,422.94.

TransDigm Group Stock Up 0.7 %

NYSE:TDG opened at $1,373.33 on Friday. The stock has a market capitalization of $77.06 billion, a PE ratio of 54.48, a price-to-earnings-growth ratio of 2.06 and a beta of 1.38. TransDigm Group Incorporated has a 52 week low of $802.46 and a 52 week high of $1,380.83. The stock’s 50-day moving average price is $1,272.88 and its 200-day moving average price is $1,255.87.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, beating 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 business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the business earned $6.55 earnings per share. The business’s revenue was up 17.3% compared to the same quarter last year. Sell-side analysts expect that TransDigm Group Incorporated will post 30.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jessica L. Warren sold 925 shares of TransDigm Group stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the sale, the insider now owns 50 shares in the company, valued at $66,967. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other TransDigm Group news, insider Jessica L. Warren sold 925 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the completion of the transaction, the insider now owns 50 shares of the company’s stock, valued at $66,967. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert J. Small sold 12,500 shares of TransDigm Group stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $1,312.09, for a total value of $16,401,125.00. Following the completion of the sale, the director now directly owns 108,712 shares in the company, valued at $142,639,928.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,708 shares of company stock worth $133,146,005. Company 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.