Dakota Wealth Management Buys New Holdings in Transdigm Group Incorporated (NYSE:TDG)

Dakota Wealth Management purchased a new position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,210 shares of the aerospace company's stock, valued at approximately $3,057,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Rothschild Investment LLC raised its position in shares of Transdigm Group by 13.1% in the 1st quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company's stock valued at $95,000 after acquiring an additional 8 shares during the period. Balefire LLC increased its stake in Transdigm Group by 4.9% in the first quarter. Balefire LLC now owns 171 shares of the aerospace company's stock valued at $237,000 after purchasing an additional 8 shares in the last quarter. Park Square Financial Group LLC raised its holdings in Transdigm Group by 36.0% in the first quarter. Park Square Financial Group LLC now owns 34 shares of the aerospace company's stock worth $47,000 after purchasing an additional 9 shares during the period. Texas Yale Capital Corp. boosted its position in shares of Transdigm Group by 0.4% during the fourth quarter. Texas Yale Capital Corp. now owns 2,686 shares of the aerospace company's stock worth $3,404,000 after purchasing an additional 10 shares in the last quarter. Finally, Bruce G. Allen Investments LLC boosted its position in shares of Transdigm Group by 111.1% during the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock worth $26,000 after purchasing an additional 10 shares in the last quarter. Institutional investors own 95.78% of the company's stock.

Insider Activity at Transdigm Group

In other Transdigm Group news, Director Robert J. Small sold 45,700 shares of the stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $1,425.01, for a total value of $65,122,957.00. Following the completion of the sale, the director owned 88,419 shares in the company, valued at $125,997,959.19. This trade represents a 34.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sean P. Hennessy sold 4,700 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $1,436.52, for a total transaction of $6,751,644.00. Following the transaction, the director owned 33,713 shares in the company, valued at $48,429,398.76. This represents a 12.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 116,677 shares of company stock worth $168,692,614. Insiders own 4.09% of the company's stock.

Transdigm Group Trading Up 2.0%

Shares of TDG opened at $1,574.21 on Tuesday. The stock has a market capitalization of $88.42 billion, a price-to-earnings ratio of 53.15, a PEG ratio of 3.12 and a beta of 1.04. Transdigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,574.85. The firm has a fifty day simple moving average of $1,455.52 and a 200 day simple moving average of $1,376.68.

Transdigm Group (NYSE:TDG - Get Free Report) last posted 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%. The company's quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the business posted $7.99 EPS. As a group, research analysts predict that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on TDG shares. UBS Group raised their price objective on Transdigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. KeyCorp raised their price target on Transdigm Group from $1,500.00 to $1,700.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 2nd. Wells Fargo & Company lifted their price objective on Transdigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Truist Financial increased their target price on Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Northcoast Research upgraded shares of Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price on the stock in a report on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, Transdigm Group has a consensus rating of "Moderate Buy" and an average price target of $1,594.80.

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.

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