Dorsey & Whitney Trust CO LLC Acquires 48 Shares of TransDigm Group Incorporated (NYSE:TDG)

Dorsey & Whitney Trust CO LLC grew its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 6.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 803 shares of the aerospace company’s stock after purchasing an additional 48 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in TransDigm Group were worth $1,018,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. CIBC Asset Management Inc raised its holdings in shares of TransDigm Group by 8.6% during the 3rd quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock valued at $11,658,000 after purchasing an additional 644 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of TransDigm Group by 3.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company’s stock valued at $391,918,000 after purchasing an additional 7,947 shares in the last quarter. Westfield Capital Management Co. LP raised its holdings in shares of TransDigm Group by 2.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company’s stock valued at $530,980,000 after purchasing an additional 8,655 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of TransDigm Group by 9.5% during 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 purchasing an additional 173,642 shares in the last quarter. Finally, Swiss National Bank raised its holdings in shares of TransDigm Group by 0.9% during the 3rd quarter. Swiss National Bank now owns 166,100 shares of the aerospace company’s stock valued at $237,046,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

TDG has been the topic of a number of research analyst reports. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Citigroup raised their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Truist Financial raised their target price on shares of 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. Barclays reiterated an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. Finally, UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price on the stock in a research note on Monday, February 24th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,472.47.

Insider Activity at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,762,872. The trade was a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert J. Small sold 38,053 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 121,647 shares of company stock valued at $155,847,223 over the last quarter. 4.09% of the stock is owned by company insiders.

TransDigm Group Stock Down 0.4 %

NYSE TDG opened at $1,339.77 on Monday. The stock has a market cap of $75.14 billion, a P/E ratio of 47.26, a PEG ratio of 2.76 and a beta of 1.38. The company’s 50-day simple moving average is $1,319.94 and its 200 day simple moving average is $1,326.81. TransDigm Group Incorporated has a twelve month low of $1,136.27 and a twelve month high of $1,451.32.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.16 earnings per share. Research analysts anticipate that TransDigm Group Incorporated will post 35.13 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.