Transdigm Group Incorporated (NYSE:TDG) Shares Sold by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. reduced its stake in Transdigm Group by 9.8%, selling 214,990 shares, leaving it with approximately 1,989,659 shares valued at $2.75 billion.
• Recent analyst upgrades have seen Citigroup raise its price target for Transdigm Group to $1,795.00, with a majority of analysts issuing a "buy" rating for the stock.
• Insider trading activity has included significant sales by executives, with total insider sales amounting to $100.7 million over the past ninety days.

JPMorgan Chase & Co. lessened its holdings in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 9.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,989,659 shares of the aerospace company's stock after selling 214,990 shares during the quarter. JPMorgan Chase & Co. owned 3.54% of Transdigm Group worth $2,752,277,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Winch Advisory Services LLC grew its holdings in Transdigm Group by 53.8% in the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock worth $28,000 after acquiring an additional 7 shares during the last quarter. Rothschild Investment LLC boosted its stake in shares of Transdigm Group by 13.1% during the 1st quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company's stock valued at $95,000 after purchasing an additional 8 shares in the last quarter. Balefire LLC boosted its stake in shares of Transdigm Group by 4.9% during the 1st 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. New Republic Capital LLC boosted its stake in shares of Transdigm Group by 4.6% during the 1st quarter. New Republic Capital LLC now owns 183 shares of the aerospace company's stock valued at $253,000 after purchasing an additional 8 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC boosted its stake in shares of Transdigm Group by 3.7% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 225 shares of the aerospace company's stock valued at $311,000 after purchasing an additional 8 shares in the last quarter. Institutional investors own 95.78% of the company's stock.

Insider Activity

In related news, CFO Sarah Wynne sold 3,200 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $1,452.15, for a total transaction of $4,646,880.00. Following the completion of the transaction, the chief financial officer owned 3,400 shares in the company, valued at approximately $4,937,310. This represents a 48.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sean P. Hennessy sold 4,700 shares of the stock in a transaction on Tuesday, May 20th. The shares were 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 of the company's stock, valued at $48,429,398.76. This trade represents a 12.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold 69,872 shares of company stock valued at $100,747,061 over the last three months. Corporate insiders own 4.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TDG. KeyCorp cut 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 research note on Friday. Susquehanna boosted their price objective on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Citigroup boosted their price objective on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Morgan Stanley boosted their price objective on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Finally, Wells Fargo & Company boosted their price objective on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and eleven 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 an average target price of $1,616.86.

Transdigm Group Stock Up 0.1%

Transdigm Group stock traded up $1.57 during trading hours on Tuesday, hitting $1,411.12. The stock had a trading volume of 310,025 shares, compared to its average volume of 287,981. The stock has a market capitalization of $79.52 billion, a P/E ratio of 46.83, a price-to-earnings-growth ratio of 2.89 and a beta of 1.07. Transdigm Group Incorporated has a 12-month low of $1,183.60 and a 12-month high of $1,623.82. The stock's 50-day moving average price is $1,506.57 and its 200-day moving average price is $1,411.92.

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

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.