Schmidt P J Investment Management Inc. Increases Position in TransDigm Group Incorporated (NYSE:TDG)

Schmidt P J Investment Management Inc. increased its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 10.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 232 shares of the aerospace company’s stock after buying an additional 22 shares during the period. Schmidt P J Investment Management Inc.’s holdings in TransDigm Group were worth $294,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Personal Financial Services purchased a new stake in shares of TransDigm Group during the 3rd quarter worth approximately $29,000. Erste Asset Management GmbH purchased a new stake in TransDigm Group during the third quarter worth $29,000. Trust Co. of Vermont grew its holdings in TransDigm Group by 150.0% in the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 15 shares during the last quarter. Versant Capital Management Inc increased its position in shares of TransDigm Group by 225.0% in the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after buying an additional 18 shares in the last quarter. Finally, DT Investment Partners LLC boosted its position in shares of TransDigm Group by 68.8% in the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after buying an additional 11 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

TransDigm Group Trading Down 1.2 %

Shares of TransDigm Group stock opened at $1,292.03 on Thursday. The business’s fifty day moving average price is $1,291.32 and its 200 day moving average price is $1,314.15. TransDigm Group Incorporated has a twelve month low of $1,100.86 and a twelve month high of $1,451.32. The stock has a market capitalization of $72.41 billion, a P/E ratio of 50.47, a PEG ratio of 3.06 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. TransDigm Group had a negative return on equity of 50.40% and a net margin of 19.93%. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $7.16 EPS. As a group, sell-side analysts predict that TransDigm Group Incorporated will post 34.11 EPS for the current year.

Wall Street Analysts Forecast Growth

TDG has been the subject of several recent research reports. JPMorgan Chase & Co. raised their target price on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a report on Monday, October 14th. KeyCorp increased their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Barclays reissued an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Truist Financial increased their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, Wells Fargo & Company dropped their price objective on TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 11th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus price target of $1,455.00.

Insider Transactions at TransDigm Group

In other news, Director Robert J. Small sold 38,053 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the completion of the sale, the director now owns 567,323 shares in the company, valued at approximately $708,461,615.94. This trade represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,525,524. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 89,525 shares of company stock valued at $112,769,801 over the last 90 days. Corporate insiders own 4.09% 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.