OVERSEA CHINESE BANKING Corp Ltd Buys Shares of 194 Transdigm Group Incorporated (NYSE:TDG)

OVERSEA CHINESE BANKING Corp Ltd purchased a new position in Transdigm Group Incorporated (NYSE:TDG - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 194 shares of the aerospace company's stock, valued at approximately $268,000.

Other institutional investors have also made changes to their positions in the company. Winch Advisory Services LLC lifted its position 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 buying an additional 7 shares in the last quarter. Rothschild Investment LLC increased its stake in shares of Transdigm Group by 13.1% in the first quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company's stock worth $95,000 after acquiring an additional 8 shares during the last quarter. Balefire LLC boosted its position in Transdigm Group by 4.9% during the first quarter. Balefire LLC now owns 171 shares of the aerospace company's stock valued at $237,000 after purchasing an additional 8 shares during the last quarter. New Republic Capital LLC increased its position in Transdigm Group by 4.6% in the 1st quarter. New Republic Capital LLC now owns 183 shares of the aerospace company's stock worth $253,000 after purchasing an additional 8 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC raised its position in Transdigm Group by 3.7% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 225 shares of the aerospace company's stock valued at $311,000 after acquiring an additional 8 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Sean P. Hennessy sold 4,700 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $1,436.52, for a total value of $6,751,644.00. Following the completion of the transaction, the director directly owned 33,713 shares in the company, valued at approximately $48,429,398.76. This represents a 12.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert J. Small sold 45,700 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $1,425.01, for a total value of $65,122,957.00. Following the completion of the transaction, the director directly owned 88,419 shares of the company's stock, valued at approximately $125,997,959.19. This trade represents a 34.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,872 shares of company stock valued at $100,747,061. Corporate insiders own 4.09% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TDG. The Goldman Sachs Group increased their price target on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Stifel Nicolaus assumed coverage on Transdigm Group in a report on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 target price on the stock. Citigroup boosted their price target on 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. KeyCorp increased their price objective on Transdigm Group from $1,500.00 to $1,700.00 and gave the company an "overweight" rating in a report on Wednesday, July 2nd. Finally, Truist Financial boosted their target price on Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $1,606.47.

Transdigm Group Trading Down 1.6%

Shares of TDG stock opened at $1,582.76 on Monday. The firm has a market capitalization of $88.90 billion, a P/E ratio of 53.44, a price-to-earnings-growth ratio of 3.20 and a beta of 1.07. Transdigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,623.82. The firm's fifty day simple moving average is $1,507.98 and its 200 day simple moving average is $1,407.88.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.83 by $0.28. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.17 billion. Transdigm Group had a net margin of 21.09% and a negative return on equity of 38.71%. The business's quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the business posted $7.99 EPS. Equities research analysts anticipate 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.

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