Hartford Investment Management Co. Sells 47 Shares of TransDigm Group Incorporated (NYSE:TDG)

Hartford Investment Management Co. reduced its position in TransDigm Group Incorporated (NYSE:TDG) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,485 shares of the aerospace company’s stock after selling 47 shares during the period. Hartford Investment Management Co.’s holdings in TransDigm Group were worth $4,416,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. State Street Corp grew its holdings in shares of TransDigm Group by 1.3% during the third quarter. State Street Corp now owns 2,229,199 shares of the aerospace company’s stock valued at $3,181,357,000 after buying an additional 29,489 shares during the last quarter. JPMorgan Chase & Co. raised its position in TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock valued at $2,851,160,000 after buying an additional 173,642 shares during the last quarter. FMR LLC raised its holdings in shares of TransDigm Group by 2.3% in the third quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock valued at $2,740,348,000 after purchasing an additional 43,604 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of TransDigm Group by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company’s stock worth $1,612,583,000 after buying an additional 19,314 shares in the last quarter. Finally, Windacre Partnership LLC increased its position in shares of TransDigm Group by 42.7% during the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock valued at $1,038,951,000 after acquiring an additional 217,700 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TDG. Barclays restated an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. KeyCorp upped their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Wells Fargo & Company upgraded shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Finally, Citigroup raised their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, TransDigm Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,462.35.

Insider Activity at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,892,616. The trade was a 45.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $27,942,799.96. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,525 shares of company stock valued at $112,769,801 over the last 90 days. 4.09% of the stock is owned by insiders.

TransDigm Group Trading Down 0.6 %

Shares of TDG opened at $1,353.69 on Thursday. TransDigm Group Incorporated has a 12-month low of $1,100.86 and a 12-month high of $1,451.32. The company has a market cap of $75.91 billion, a PE ratio of 47.75, a price-to-earnings-growth ratio of 2.86 and a beta of 1.40. The stock has a 50-day moving average price of $1,298.24 and a 200-day moving average price of $1,316.72.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.73 by $0.84. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. TransDigm Group’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the business posted $7.16 earnings per share. As a group, analysts predict that TransDigm Group Incorporated will post 34.11 earnings per share for the current year.

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.