TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Bristol John W & Co. Inc. NY

Bristol John W & Co. Inc. NY lowered its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 97,849 shares of the aerospace company's stock after selling 4,790 shares during the quarter. TransDigm Group comprises about 1.8% of Bristol John W & Co. Inc. NY's portfolio, making the stock its 28th largest position. Bristol John W & Co. Inc. NY owned about 0.18% of TransDigm Group worth $98,984,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of TransDigm Group by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 5,903,014 shares of the aerospace company's stock valued at $4,977,008,000 after buying an additional 104,433 shares during the period. Deutsche Bank AG lifted its holdings in shares of TransDigm Group by 1,947.8% in the 3rd quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company's stock valued at $2,859,376,000 after buying an additional 3,225,771 shares during the period. FMR LLC lifted its holdings in shares of TransDigm Group by 9.0% in the 3rd quarter. FMR LLC now owns 1,651,413 shares of the aerospace company's stock valued at $1,392,355,000 after buying an additional 136,834 shares during the period. JPMorgan Chase & Co. raised its holdings in TransDigm Group by 46.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company's stock worth $933,765,000 after purchasing an additional 349,409 shares during the period. Finally, Geode Capital Management LLC raised its holdings in TransDigm Group by 2.6% in the 1st quarter. Geode Capital Management LLC now owns 1,063,539 shares of the aerospace company's stock worth $782,086,000 after purchasing an additional 27,365 shares during the period. Institutional investors and hedge funds own 95.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TDG. Stifel Nicolaus upped their price target on TransDigm Group from $1,000.00 to $1,050.00 and gave the stock a "hold" rating in a report on Tuesday, January 23rd. JPMorgan Chase & Co. upped their price target on TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a "neutral" rating in a report on Wednesday, March 27th. Truist Financial upped their price target on TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a "buy" rating in a report on Friday, February 9th. KeyCorp boosted their price objective on TransDigm Group from $1,180.00 to $1,220.00 and gave the stock an "overweight" rating in a research note on Thursday, February 15th. Finally, The Goldman Sachs Group boosted their price objective on TransDigm Group from $1,164.00 to $1,285.00 and gave the stock a "buy" rating in a research note on Friday, February 9th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,137.73.

TransDigm Group Stock Performance

Shares of TDG stock traded down $14.55 during trading hours on Friday, reaching $1,220.38. The company had a trading volume of 193,470 shares, compared to its average volume of 164,891. TransDigm Group Incorporated has a 12-month low of $741.74 and a 12-month high of $1,246.22. The company has a market capitalization of $67.87 billion, a price-to-earnings ratio of 51.80, a PEG ratio of 2.49 and a beta of 1.42. The stock has a fifty day moving average of $1,185.05 and a 200-day moving average of $1,035.89.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The aerospace company reported $7.16 EPS for the quarter, beating analysts' consensus estimates of $6.41 by $0.75. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The firm had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.68 billion. During the same period in the prior year, the firm posted $4.15 earnings per share. The firm's quarterly revenue was up 28.1% on a year-over-year basis. On average, analysts forecast that TransDigm Group Incorporated will post 29.03 EPS for the current year.

Insider Activity at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 3,530 shares of the company's stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $1,022.27, for a total transaction of $3,608,613.10. Following the transaction, the director now directly owns 21,548 shares in the company, valued at $22,027,873.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Michael Lisman sold 8,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $1,198.50, for a total value of $9,588,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director W Nicholas Howley sold 3,530 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $1,022.27, for a total value of $3,608,613.10. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at $22,027,873.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,617 shares of company stock worth $60,654,941. Insiders own 4.96% 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.