Diversified Trust Co Sells 469 Shares of Transdigm Group Incorporated (NYSE:TDG)

Diversified Trust Co cut its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 11.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,548 shares of the aerospace company's stock after selling 469 shares during the period. Diversified Trust Co's holdings in Transdigm Group were worth $4,908,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Wealthspire Advisors LLC raised its position in Transdigm Group by 25.0% in the 4th quarter. Wealthspire Advisors LLC now owns 180 shares of the aerospace company's stock worth $228,000 after purchasing an additional 36 shares during the last quarter. IFP Advisors Inc raised its position in shares of Transdigm Group by 15.5% during the fourth quarter. IFP Advisors Inc now owns 239 shares of the aerospace company's stock worth $303,000 after acquiring an additional 32 shares during the last quarter. Simmons Bank bought a new stake in shares of Transdigm Group during the fourth quarter worth $433,000. Whipplewood Advisors LLC acquired a new position in shares of Transdigm Group during the fourth quarter valued at $74,000. Finally, New York Life Investment Management LLC boosted its holdings in Transdigm Group by 1.0% in the fourth quarter. New York Life Investment Management LLC now owns 7,551 shares of the aerospace company's stock valued at $9,569,000 after acquiring an additional 74 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

Insider Transactions at Transdigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction on 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 sale, the director now owns 21,548 shares of the company's stock, valued at $29,010,072.40. The trade was a 20.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Sarah Wynne sold 1,800 shares of Transdigm Group stock in a transaction on Friday, June 13th. The shares were sold at an average price of $1,450.00, for a total transaction of $2,610,000.00. Following the completion of the sale, the chief financial officer now owns 3,400 shares in the company, valued at $4,930,000. The trade was a 34.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 142,149 shares of company stock valued at $202,651,767 over the last three months. Company insiders own 4.09% of the company's stock.

Transdigm Group Stock Performance

Shares of TDG opened at $1,475.16 on Friday. The stock has a 50 day simple moving average of $1,421.39 and a 200 day simple moving average of $1,354.20. Transdigm Group Incorporated has a 52-week low of $1,176.31 and a 52-week high of $1,488.54. The firm has a market capitalization of $82.86 billion, a PE ratio of 49.80, a P/E/G ratio of 3.11 and a beta of 1.05.

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

Analyst Upgrades and Downgrades

TDG has been the topic of a number of research reports. Truist Financial cut their target price on shares of Transdigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Susquehanna increased 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 report on Wednesday, April 2nd. Wall Street Zen raised shares of Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. UBS Group upped their target price on shares of Transdigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Finally, Wells Fargo & Company raised their price target on Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Transdigm Group currently has an average rating of "Moderate Buy" and a consensus price target of $1,532.47.

Transdigm Group Company 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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