abrdn plc Has $24.36 Million Holdings in TransDigm Group Incorporated (NYSE:TDG)

abrdn plc lessened its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,133 shares of the aerospace company's stock after selling 1,598 shares during the period. abrdn plc's holdings in TransDigm Group were worth $24,356,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp increased its holdings in shares of TransDigm Group by 1.3% in the 3rd quarter. State Street Corp now owns 2,229,199 shares of the aerospace company's stock valued at $3,181,357,000 after purchasing an additional 29,489 shares during the period. JPMorgan Chase & Co. increased its stake 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 period. FMR LLC lifted its position in TransDigm Group by 2.3% in the 3rd quarter. FMR LLC now owns 1,920,181 shares of the aerospace company's stock worth $2,740,348,000 after buying an additional 43,604 shares in the last quarter. Geode Capital Management LLC boosted its stake 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 valued at $1,612,583,000 after buying an additional 19,314 shares during the period. Finally, Windacre Partnership LLC grew its holdings in shares of TransDigm Group by 42.7% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TDG. Citigroup increased their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Wells Fargo & Company raised TransDigm Group from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $1,375.00 to $1,500.00 in a research note on Friday. Barclays reissued an "equal weight" rating and issued a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a "buy" rating to a "hold" rating and cut their price objective for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Finally, Truist Financial boosted their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,462.35.

Insider Activity at TransDigm Group

In other news, Director Robert J. Small sold 38,053 shares of the firm'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 directly owns 567,323 shares of the company's stock, valued at approximately $708,461,615.94. This trade represents a 6.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,181,755.06. The trade was a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,525 shares of company stock worth $112,769,801 over the last three months. Company insiders own 4.09% of the company's stock.

TransDigm Group Stock Up 0.5 %

Shares of NYSE:TDG opened at $1,334.35 on Tuesday. The business has a 50 day moving average price of $1,294.68 and a 200 day moving average price of $1,315.07. The company has a market cap of $74.83 billion, a price-to-earnings ratio of 47.07, a PEG ratio of 2.86 and a beta of 1.40. TransDigm Group Incorporated has a twelve month low of $1,100.86 and a twelve month high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last announced 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 for 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 was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $7.16 earnings per share. Analysts anticipate that TransDigm Group Incorporated will post 34.11 EPS for the current year.

TransDigm Group 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.