Frank Rimerman Advisors LLC Grows Position in Transdigm Group Incorporated (NYSE:TDG)

Key Points

• Frank Rimerman Advisors LLC increased its stake in Transdigm Group by 32.0%, holding 4,354 shares now valued at approximately $6.02 million.
• Transdigm Group's latest earnings report showed an EPS of $9.60, which was below analysts' expectations of $9.75, with revenues also falling short at $2.24 billion.
• Analysts remain optimistic, with a consensus rating of "Moderate Buy" and a price target average of $1,616.86 for the stock.

Frank Rimerman Advisors LLC raised its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 32.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,354 shares of the aerospace company's stock after buying an additional 1,056 shares during the period. Frank Rimerman Advisors LLC's holdings in Transdigm Group were worth $6,023,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vontobel Holding Ltd. bought a new position in shares of Transdigm Group during the 1st quarter valued at $387,000. Dynamic Advisor Solutions LLC bought a new position in shares of Transdigm Group during the 1st quarter valued at $1,113,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Transdigm Group by 4.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,653 shares of the aerospace company's stock valued at $11,970,000 after purchasing an additional 380 shares during the last quarter. Mutual Advisors LLC bought a new position in shares of Transdigm Group during the 1st quarter valued at $263,000. Finally, Paragon Advisors LLC grew its holdings in shares of Transdigm Group by 14.2% during the 1st quarter. Paragon Advisors LLC now owns 1,800 shares of the aerospace company's stock valued at $2,490,000 after purchasing an additional 224 shares during the last quarter. Institutional investors own 95.78% of the company's stock.

Wall Street Analyst Weigh In

TDG has been the topic of several recent research reports. KeyCorp reduced their target price on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating on the stock in a report on Friday. UBS Group increased their price target on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the company a "buy" rating in a research report on Thursday. JPMorgan Chase & Co. increased their price target on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the company a "neutral" rating in a research report on Thursday. Citigroup increased their price target on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Finally, The Goldman Sachs Group increased their price target on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,616.86.

Transdigm Group Trading Up 1.5%

TDG traded up $21.15 on Monday, hitting $1,410.92. 365,941 shares of the company's stock were exchanged, compared to its average volume of 347,571. Transdigm Group Incorporated has a fifty-two week low of $1,183.60 and a fifty-two week high of $1,623.82. The firm has a 50-day moving average price of $1,506.57 and a 200-day moving average price of $1,411.92. The stock has a market cap of $79.51 billion, a price-to-earnings ratio of 46.83, a P/E/G ratio of 2.89 and a beta of 1.07.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing the consensus estimate of $9.75 by ($0.15). Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%. The company had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.29 billion. During the same quarter in the prior year, the firm earned $9.00 EPS. The firm's revenue was up 9.3% on a year-over-year basis. On average, equities analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Insider Buying and Selling

In other news, 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 completion of the transaction, the director directly owned 33,713 shares of the company's stock, valued at approximately $48,429,398.76. The trade was a 12.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 2,736 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $1,569.86, for a total value of $4,295,136.96. Following the completion of the transaction, the director directly owned 21,548 shares of the company's stock, valued at $33,827,343.28. This trade represents a 11.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,872 shares of company stock worth $100,747,061 over the last 90 days. 4.09% of the stock is owned by insiders.

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.