Transdigm Group Incorporated (NYSE:TDG) Shares Purchased by Federated Hermes Inc.

Key Points

• Federated Hermes Inc. increased its stake in Transdigm Group by 11.3% during the first quarter, now owning approximately 0.08% of the company, valued at $64,784,000.
• Insider selling includes CFO Sarah Wynne liquidating 1,800 shares for a total of $2.61 million, which represented a 34.62% decrease in her position.
• Transdigm Group's recent quarterly earnings showed $9.11 earnings per share, beating estimates, with a revenue increase of 12.0% year-over-year.

Federated Hermes Inc. lifted its holdings in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 11.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,833 shares of the aerospace company's stock after buying an additional 4,763 shares during the period. Federated Hermes Inc. owned about 0.08% of Transdigm Group worth $64,784,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Orion Portfolio Solutions LLC boosted its position in Transdigm Group by 4.3% in the 4th quarter. Orion Portfolio Solutions LLC now owns 1,114 shares of the aerospace company's stock valued at $1,412,000 after buying an additional 46 shares during the period. O Shaughnessy Asset Management LLC lifted its position in shares of Transdigm Group by 24.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 4,394 shares of the aerospace company's stock worth $5,568,000 after purchasing an additional 858 shares during the period. Wellington Management Group LLP lifted its position in Transdigm Group by 26.5% during the fourth quarter. Wellington Management Group LLP now owns 2,419 shares of the aerospace company's stock valued at $3,066,000 after acquiring an additional 506 shares during the last quarter. Meeder Asset Management Inc. lifted its position in Transdigm Group by 210.0% during the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock valued at $39,000 after acquiring an additional 21 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. lifted its position in Transdigm Group by 105.7% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 288 shares of the aerospace company's stock valued at $365,000 after acquiring an additional 148 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TDG. Wall Street Zen upgraded shares of Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Truist Financial increased their price target on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a "buy" rating in a report on Friday, July 11th. KeyCorp increased their price objective on shares of Transdigm Group from $1,500.00 to $1,700.00 and gave the company an "overweight" rating in a report on Wednesday, July 2nd. Susquehanna increased their price objective on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Finally, UBS Group raised their price target 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. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $1,606.47.

Insider Buying and Selling

In other news, Director Robert J. Small sold 45,700 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $1,425.01, for a total transaction of $65,122,957.00. Following the transaction, the director directly owned 88,419 shares of the company's stock, valued at $125,997,959.19. This represents a 34.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sarah Wynne sold 3,200 shares of the company's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $1,452.15, for a total transaction of $4,646,880.00. Following the transaction, the chief financial officer directly owned 3,400 shares in the company, valued at approximately $4,937,310. This trade represents a 48.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 119,113 shares of company stock worth $173,419,391 in the last ninety days. Insiders own 4.09% of the company's stock.

Transdigm Group Stock Down 1.6%

Transdigm Group stock traded down $25.70 during trading on Friday, reaching $1,582.76. The stock had a trading volume of 322,169 shares, compared to its average volume of 272,039. The stock has a market cap of $88.90 billion, a PE ratio of 53.44, a P/E/G ratio of 3.27 and a beta of 1.04. Transdigm Group Incorporated has a 52-week low of $1,176.31 and a 52-week high of $1,623.82. The business has a 50 day moving average price of $1,505.00 and a 200 day moving average price of $1,404.53.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, topping the consensus estimate of $8.83 by $0.28. The business 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 revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.99 EPS. On average, equities analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

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.