Transdigm Group Incorporated (NYSE:TDG) Stake Raised by Baskin Financial Services Inc.

Baskin Financial Services Inc. grew its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,638 shares of the aerospace company's stock after buying an additional 280 shares during the quarter. Transdigm Group accounts for 2.5% of Baskin Financial Services Inc.'s investment portfolio, making the stock its 22nd biggest position. Baskin Financial Services Inc.'s holdings in Transdigm Group were worth $31,315,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lindbrook Capital LLC lifted its position in shares of Transdigm Group by 3.6% in the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company's stock worth $293,000 after purchasing an additional 8 shares during the period. Rothschild Investment LLC grew its stake in shares of Transdigm Group by 13.1% in the first quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company's stock worth $95,000 after acquiring an additional 8 shares during the period. Balefire LLC grew its stake in shares of Transdigm Group by 4.9% in the first quarter. Balefire LLC now owns 171 shares of the aerospace company's stock worth $237,000 after acquiring an additional 8 shares during the period. Great Lakes Advisors LLC grew its stake in shares of Transdigm Group by 0.3% in the fourth quarter. Great Lakes Advisors LLC now owns 2,938 shares of the aerospace company's stock worth $3,723,000 after acquiring an additional 9 shares during the period. Finally, AMG National Trust Bank grew its position in Transdigm Group by 5.1% during the fourth quarter. AMG National Trust Bank now owns 206 shares of the aerospace company's stock valued at $261,000 after buying an additional 10 shares during the period. Institutional investors own 95.78% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on TDG shares. Wall Street Zen raised shares of Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Truist Financial decreased their price target on shares of Transdigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. The Goldman Sachs Group upped their price target on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Susquehanna boosted their price objective on shares of Transdigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. Finally, Wells Fargo & Company upped their price target on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,545.80.

Transdigm Group Trading Up 0.7%

TDG stock traded up $11.04 on Thursday, hitting $1,522.69. The company's stock had a trading volume of 85,248 shares, compared to its average volume of 261,402. The firm has a 50 day moving average of $1,436.36 and a two-hundred day moving average of $1,361.38. Transdigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,528.45. The stock has a market cap of $85.53 billion, a price-to-earnings ratio of 51.41, a price-to-earnings-growth ratio of 3.22 and a beta of 1.04.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping analysts' consensus estimates of $8.83 by $0.28. The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. Transdigm Group had a net margin of 21.09% and a negative return on equity of 38.71%. Transdigm Group's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $7.99 EPS. As a group, equities analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insider Activity at Transdigm Group

In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $1,424.27, for a total transaction of $4,272,810.00. Following the transaction, the chief operating officer directly owned 3,600 shares in the company, valued at $5,127,372. This represents a 45.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sean P. Hennessy sold 4,700 shares of Transdigm Group stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $1,436.52, for a total transaction of $6,751,644.00. Following the sale, the director owned 33,713 shares in the company, valued at $48,429,398.76. This represents a 12.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold 142,149 shares of company stock worth $202,651,767 over the last three months. Company insiders own 4.09% 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.