Equitable Trust Co. Acquires 450 Shares of Transdigm Group Incorporated (NYSE:TDG)

Key Points

• Equitable Trust Co. increased its holdings in Transdigm Group by 8.3%, acquiring an additional 450 shares, bringing its total to 5,887 shares valued at approximately $8,143,000.
• A significant number of institutional investors, including GAMMA Investing LLC and JPMorgan Chase & Co., have also substantially increased their positions in Transdigm Group recently, indicating strong institutional interest in the stock.
• Transdigm Group's stock is rated as a "Moderate Buy" with an average target price of $1,606.47, as per analyst reports, with several firms raising their target prices on the stock in recent months.

Equitable Trust Co. boosted its position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 8.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,887 shares of the aerospace company's stock after acquiring an additional 450 shares during the quarter. Equitable Trust Co.'s holdings in Transdigm Group were worth $8,143,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TDG. GAMMA Investing LLC raised its position in Transdigm Group by 177,412.3% during the first quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company's stock worth $1,716,401,000 after acquiring an additional 1,240,112 shares in the last quarter. Norges Bank bought a new stake in Transdigm Group during the fourth quarter worth $973,353,000. Edgewood Management LLC bought a new stake in Transdigm Group during the fourth quarter worth $399,595,000. JPMorgan Chase & Co. raised its position in Transdigm Group by 10.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock worth $2,793,908,000 after acquiring an additional 206,822 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Transdigm Group by 14.1% during the fourth quarter. Geode Capital Management LLC now owns 1,293,282 shares of the aerospace company's stock worth $1,636,409,000 after acquiring an additional 159,839 shares in the last quarter. 95.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on TDG. Stifel Nicolaus began coverage on shares of Transdigm Group in a research note on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 target price for the company. Northcoast Research upgraded shares of Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price for the company in a research note on Wednesday, April 9th. UBS Group raised their target price on shares of 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. Citigroup raised their price target on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, Wells Fargo & Company raised 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 research report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,606.47.

Insider Buying and Selling at Transdigm Group

In related news, CFO Sarah Wynne sold 1,800 shares of Transdigm Group stock in a transaction that occurred 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 sale, the chief financial officer directly owned 3,400 shares in the company, valued at $4,930,000. This trade represents a 34.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director W Nicholas Howley sold 2,736 shares of Transdigm Group stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $1,569.86, for a total transaction of $4,295,136.96. Following the sale, the director owned 21,548 shares in the company, valued at approximately $33,827,343.28. This represents a 11.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 119,113 shares of company stock worth $173,419,391 over the last quarter. Insiders own 4.09% of the company's stock.

Transdigm Group Price Performance

NYSE:TDG opened at $1,598.60 on Friday. The firm's 50 day simple moving average is $1,486.15 and its 200 day simple moving average is $1,392.88. Transdigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,615.35. The company has a market cap of $89.79 billion, a PE ratio of 53.97, a P/E/G ratio of 3.23 and a beta of 1.04.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping 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 business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period last year, the company earned $7.99 EPS. The firm's revenue was up 12.0% compared to the same quarter last year. Equities research analysts expect that Transdigm Group Incorporated will post 35.13 EPS for the current year.

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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