Cerity Partners LLC Buys 522 Shares of Transdigm Group Incorporated (NYSE:TDG)

Cerity Partners LLC increased its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 8.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,594 shares of the aerospace company's stock after purchasing an additional 522 shares during the quarter. Cerity Partners LLC's holdings in Transdigm Group were worth $9,123,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in TDG. GAMMA Investing LLC lifted its stake in Transdigm Group by 177,412.3% in the first quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company's stock valued at $1,716,401,000 after acquiring an additional 1,240,112 shares during the last quarter. Norges Bank acquired a new position in Transdigm Group during the fourth quarter worth $973,353,000. Edgewood Management LLC acquired a new position in Transdigm Group during the fourth quarter worth $399,595,000. JPMorgan Chase & Co. raised its position in shares of Transdigm Group by 10.4% in 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 purchasing an additional 206,822 shares during the period. Finally, Geode Capital Management LLC lifted its position in Transdigm Group by 14.1% during the 4th quarter. Geode Capital Management LLC now owns 1,293,282 shares of the aerospace company's stock worth $1,636,409,000 after acquiring an additional 159,839 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TDG shares. KeyCorp lifted their price objective 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. Stifel Nicolaus initiated coverage on shares of Transdigm Group in a research note on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 target price for the company. Susquehanna raised their price target on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a research report on Monday. Wall Street Zen upgraded shares of Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Finally, UBS Group increased their target price on shares of Transdigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,594.80.

Insider Buying and Selling

In other Transdigm Group news, COO Joel Reiss sold 3,300 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $1,321.80, for a total transaction of $4,361,940.00. Following the transaction, the chief operating officer owned 3,600 shares in the company, valued at approximately $4,758,480. This trade represents a 47.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 sale, the director directly owned 88,419 shares in the company, valued at $125,997,959.19. The trade was a 34.07% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 119,413 shares of company stock worth $172,987,751. 4.09% of the stock is currently owned by company insiders.

Transdigm Group Price Performance

Shares of NYSE:TDG traded up $1.76 during trading on Tuesday, reaching $1,576.61. The stock had a trading volume of 477,319 shares, compared to its average volume of 261,815. The stock has a market capitalization of $88.56 billion, a PE ratio of 53.23, a P/E/G ratio of 3.12 and a beta of 1.04. Transdigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,585.83. The business's 50-day moving average price is $1,455.52 and its 200 day moving average price is $1,376.68.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, beating analysts' consensus estimates of $8.83 by $0.28. The company had revenue of $2.15 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company posted $7.99 earnings per share. Analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current 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.