Stratos Wealth Partners LTD. Cuts Stock Position in Transdigm Group Incorporated (NYSE:TDG)

Stratos Wealth Partners LTD. decreased its holdings in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 15.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,441 shares of the aerospace company's stock after selling 436 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Transdigm Group were worth $3,377,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TDG. Proficio Capital Partners LLC lifted its holdings in shares of Transdigm Group by 125.9% in the 4th quarter. Proficio Capital Partners LLC now owns 576 shares of the aerospace company's stock valued at $730,000 after acquiring an additional 321 shares during the last quarter. Amundi raised its position in Transdigm Group by 213.5% during the fourth quarter. Amundi now owns 24,017 shares of the aerospace company's stock valued at $30,797,000 after purchasing an additional 16,355 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Transdigm Group by 7.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 7,469 shares of the aerospace company's stock valued at $9,465,000 after purchasing an additional 531 shares during the last quarter. Johnson Investment Counsel Inc. boosted its holdings in shares of Transdigm Group by 64.9% in the 4th quarter. Johnson Investment Counsel Inc. now owns 310 shares of the aerospace company's stock worth $393,000 after purchasing an additional 122 shares during the period. Finally, Independent Advisor Alliance bought a new position in Transdigm Group during the fourth quarter valued at $354,000. Hedge funds and other institutional investors own 95.78% of the company's stock.

Analyst Ratings Changes

TDG has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Stifel Nicolaus assumed coverage on Transdigm Group in a research report on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 target price for the company. Susquehanna increased their price target on Transdigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. Wells Fargo & Company boosted their price objective on Transdigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, KeyCorp increased their target price on Transdigm Group from $1,500.00 to $1,700.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 2nd. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,545.80.

Transdigm Group Stock Down 0.2%

Shares of NYSE:TDG opened at $1,526.92 on Thursday. The firm has a 50 day moving average of $1,449.61 and a 200 day moving average of $1,370.31. The company has a market capitalization of $85.77 billion, a price-to-earnings ratio of 51.55, a price-to-earnings-growth ratio of 3.26 and a beta of 1.04. Transdigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,541.88.

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 analysts' consensus estimates of $8.83 by $0.28. The firm had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.17 billion. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The firm's quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the business posted $7.99 EPS. On average, sell-side analysts expect that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Insider Buying and Selling

In related news, Director Sean P. Hennessy sold 4,700 shares of the company'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 transaction, the director directly owned 33,713 shares of the company's stock, valued at $48,429,398.76. This represents a 12.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert J. Small sold 45,700 shares of the firm's stock in a transaction dated 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 sale, the director directly owned 88,419 shares of the company's stock, valued at approximately $125,997,959.19. This represents a 34.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold 142,149 shares of company stock valued at $202,651,767 over the last quarter. Insiders own 4.09% of the company's stock.

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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