TransDigm Group Incorporated (NYSE:TDG) Position Boosted by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 2.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 7,873 shares of the aerospace company’s stock after purchasing an additional 165 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in TransDigm Group were worth $11,236,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fortitude Family Office LLC grew its stake in shares of TransDigm Group by 283.3% in the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after buying an additional 17 shares in the last quarter. ORG Partners LLC bought a new stake in shares of TransDigm Group in the 1st quarter valued at approximately $30,000. Meeder Asset Management Inc. grew its stake in shares of TransDigm Group by 275.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after buying an additional 22 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of TransDigm Group in the 1st quarter valued at approximately $39,000. Finally, Hershey Financial Advisers LLC bought a new stake in shares of TransDigm Group in the 2nd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Down 0.3 %

TDG opened at $1,397.16 on Friday. The stock has a market cap of $78.18 billion, a PE ratio of 55.42, a P/E/G ratio of 1.90 and a beta of 1.43. TransDigm Group Incorporated has a 1 year low of $811.42 and a 1 year high of $1,451.32. The stock’s 50 day simple moving average is $1,356.51 and its 200-day simple moving average is $1,303.16.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. TransDigm Group’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the business posted $6.55 earnings per share. Equities analysts forecast that TransDigm Group Incorporated will post 30.71 earnings per share for the current fiscal year.

TransDigm Group Increases Dividend

The business also recently declared a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were given a $75.00 dividend. This is a boost from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date of this dividend was Friday, October 4th.

Analyst Ratings Changes

TDG has been the subject of several recent research reports. Susquehanna boosted their price target on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. StockNews.com lowered TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Northcoast Research began coverage on TransDigm Group in a report on Thursday, August 1st. They issued a “neutral” rating for the company. Jefferies Financial Group reduced their target price on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Finally, Truist Financial boosted their target price on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, TransDigm Group currently has an average rating of “Moderate Buy” and a consensus price target of $1,448.41.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,953,204. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the sale, the director now owns 21,548 shares in the company, valued at approximately $29,659,098.16. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,953,204. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,944 shares of company stock worth $35,823,485 over the last three months. Company insiders own 4.96% of the company’s stock.

About TransDigm Group

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.