IFM Investors Pty Ltd Raises Stake in Transdigm Group Incorporated (NYSE:TDG)

IFM Investors Pty Ltd lifted its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 27.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,576 shares of the aerospace company's stock after purchasing an additional 1,206 shares during the quarter. IFM Investors Pty Ltd's holdings in Transdigm Group were worth $7,958,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Transdigm Group by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company's stock worth $7,946,863,000 after purchasing an additional 79,284 shares during the last quarter. Capital World Investors increased its stake in shares of Transdigm Group by 4.3% during the fourth quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company's stock worth $4,805,434,000 after purchasing an additional 155,541 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Transdigm Group by 10.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock valued at $2,793,908,000 after acquiring an additional 206,822 shares during the last quarter. FMR LLC grew its holdings in shares of Transdigm Group by 0.3% during the fourth quarter. FMR LLC now owns 1,925,595 shares of the aerospace company's stock worth $2,440,268,000 after buying an additional 5,414 shares in the last quarter. Finally, Capital Research Global Investors grew its stake in Transdigm Group by 4.8% during the 4th quarter. Capital Research Global Investors now owns 1,911,128 shares of the aerospace company's stock valued at $2,421,979,000 after acquiring an additional 87,309 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Transdigm Group news, COO Joel Reiss sold 3,000 shares of Transdigm Group stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $1,424.27, for a total transaction of $4,272,810.00. Following the transaction, the chief operating officer owned 3,600 shares of the company's stock, valued at $5,127,372. The trade was a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director W Nicholas Howley sold 2,736 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $1,444.08, for a total transaction of $3,951,002.88. Following the transaction, the director owned 21,548 shares in the company, valued at approximately $31,117,035.84. This trade represents a 11.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 142,149 shares of company stock worth $202,651,767. Corporate insiders own 4.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TDG. 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 report on Wednesday, May 7th. Truist Financial reduced their target price on Transdigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Northcoast Research upgraded Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target for the company in a report on Wednesday, April 9th. Wall Street Zen upgraded shares of Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Finally, Susquehanna increased their target price on shares of Transdigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,545.80.

Transdigm Group Stock Down 0.0%

Transdigm Group stock traded down $0.48 during trading on Monday, reaching $1,522.50. The stock had a trading volume of 308,774 shares, compared to its average volume of 262,075. Transdigm Group Incorporated has a 52-week low of $1,176.31 and a 52-week high of $1,536.76. The stock has a market cap of $85.52 billion, a PE ratio of 51.40, a P/E/G ratio of 3.25 and a beta of 1.04. The business has a 50 day moving average price of $1,442.36 and a 200 day moving average price of $1,366.38.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.83 by $0.28. Transdigm Group had a net margin of 21.09% and a negative return on equity of 38.71%. The business had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter in the prior year, the business posted $7.99 EPS. The company's revenue for the quarter was up 12.0% on a year-over-year basis. On average, equities analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

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.