Sumitomo Mitsui Trust Holdings Inc. Boosts Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Sumitomo Mitsui Trust Holdings Inc. grew its holdings in TransDigm Group Incorporated (NYSE:TDG) by 0.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 131,149 shares of the aerospace company’s stock after purchasing an additional 1,142 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.24% of TransDigm Group worth $161,523,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. SeaCrest Wealth Management LLC grew its stake in TransDigm Group by 12.6% in the first quarter. SeaCrest Wealth Management LLC now owns 546 shares of the aerospace company’s stock worth $672,000 after purchasing an additional 61 shares in the last quarter. Miracle Mile Advisors LLC grew its position in shares of TransDigm Group by 1.9% during the 1st quarter. Miracle Mile Advisors LLC now owns 597 shares of the aerospace company’s stock worth $735,000 after buying an additional 11 shares in the last quarter. Red Door Wealth Management LLC grew its position in shares of TransDigm Group by 5.2% during the 1st quarter. Red Door Wealth Management LLC now owns 6,757 shares of the aerospace company’s stock worth $8,322,000 after buying an additional 332 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in shares of TransDigm Group during the first quarter valued at $325,000. Finally, Pinnacle Bancorp Inc. raised its holdings in shares of TransDigm Group by 47.6% in the first quarter. Pinnacle Bancorp Inc. now owns 183 shares of the aerospace company’s stock valued at $225,000 after acquiring an additional 59 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $1,500.00 target price on shares of TransDigm Group in a report on Thursday, June 27th. Morgan Stanley raised their target price on shares of TransDigm Group from $1,275.00 to $1,550.00 and gave the company an “overweight” rating in a research note on Thursday, May 9th. JPMorgan Chase & Co. boosted their price target on TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 27th. TD Cowen upped their price target on shares of TransDigm Group from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Finally, Bank of America lifted their price objective on shares of TransDigm Group from $1,310.00 to $1,460.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Six 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.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,414.06.

Insider Transactions at TransDigm Group

In related news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $9,921,433.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,439,160. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $9,921,433.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,833 shares of company stock worth $131,249,183. 4.96% of the stock is currently owned by insiders.

TransDigm Group Trading Up 0.1 %

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

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, beating the consensus estimate of $7.42 by $0.57. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.39 EPS. On average, analysts forecast that TransDigm Group Incorporated will post 30.04 earnings per share for the current year.

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.