Cyndeo Wealth Partners LLC Sells 261 Shares of Transdigm Group Incorporated (NYSE:TDG)

Cyndeo Wealth Partners LLC trimmed its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 11.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,999 shares of the aerospace company's stock after selling 261 shares during the quarter. Cyndeo Wealth Partners LLC's holdings in Transdigm Group were worth $2,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Paragon Advisors LLC lifted its position in shares of Transdigm Group by 14.2% in the first quarter. Paragon Advisors LLC now owns 1,800 shares of the aerospace company's stock worth $2,490,000 after purchasing an additional 224 shares in the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in shares of Transdigm Group in the first quarter worth approximately $1,113,000. Itau Unibanco Holding S.A. lifted its position in shares of Transdigm Group by 89.7% in the fourth quarter. Itau Unibanco Holding S.A. now owns 3,284 shares of the aerospace company's stock worth $4,202,000 after purchasing an additional 1,553 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Transdigm Group by 4.7% in the fourth quarter. CIBC Asset Management Inc now owns 8,554 shares of the aerospace company's stock worth $10,840,000 after purchasing an additional 385 shares in the last quarter. Finally, DnB Asset Management AS lifted its position in shares of Transdigm Group by 2.5% in the fourth quarter. DnB Asset Management AS now owns 24,623 shares of the aerospace company's stock worth $31,204,000 after purchasing an additional 599 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Transdigm Group

In related news, CEO Kevin M. Stein sold 20,000 shares of the business's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $1,329.61, for a total transaction of $26,592,200.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,846,958.38. The trade was a 71.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $1,346.30, for a total value of $7,366,953.60. Following the transaction, the director now owns 21,548 shares in the company, valued at $29,010,072.40. This represents a 20.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 139,149 shares of company stock worth $198,378,957 over the last three months. Company insiders own 4.09% of the company's stock.

Transdigm Group Stock Down 0.8%

TDG stock traded down $11.46 during midday trading on Thursday, hitting $1,413.92. 295,927 shares of the company traded hands, compared to its average volume of 264,312. Transdigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,488.54. The business has a 50 day simple moving average of $1,408.61 and a 200-day simple moving average of $1,347.81. The stock has a market capitalization of $79.42 billion, a price-to-earnings ratio of 47.74, a price-to-earnings-growth ratio of 3.02 and a beta of 1.05.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, beating the consensus estimate of $8.83 by $0.28. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the company posted $7.99 earnings per share. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. Equities research analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Truist Financial dropped their price objective on Transdigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. UBS Group increased their price objective on Transdigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Northcoast Research upgraded Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective on the stock in a report on Wednesday, April 9th. Finally, Susquehanna increased their price objective on Transdigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $1,505.23.

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.