Coalescence Partners Investment Management LP Acquires New Stake in TransDigm Group Incorporated (NYSE:TDG)

Coalescence Partners Investment Management LP purchased a new position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,142 shares of the aerospace company's stock, valued at approximately $7,784,000. TransDigm Group accounts for about 2.9% of Coalescence Partners Investment Management LP's investment portfolio, making the stock its 14th largest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp increased its stake 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 worth $3,181,357,000 after buying an additional 29,489 shares during the period. Principal Financial Group Inc. increased its stake in shares of TransDigm Group by 9.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock worth $2,694,585,000 after buying an additional 185,422 shares during the period. JPMorgan Chase & Co. increased its stake in shares of TransDigm Group by 9.5% during the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock worth $2,851,160,000 after buying an additional 173,642 shares during the period. FMR LLC increased its stake in shares of TransDigm Group by 2.3% during the third 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 during the period. Finally, Geode Capital Management LLC increased its stake in shares of TransDigm Group by 1.7% during the third 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 during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other TransDigm Group news, Director Robert J. Small sold 38,053 shares of the stock in a transaction on 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 transaction, the director now owns 567,323 shares in the company, valued at approximately $708,461,615.94. This represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company's stock, valued at $10,181,755.06. The trade was a 71.03 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 121,647 shares of company stock worth $155,847,223. 4.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TDG. StockNews.com raised TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 8th. Barclays reaffirmed an "equal weight" rating and issued a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a "buy" rating to a "hold" rating and lowered their price target for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Wells Fargo & Company raised TransDigm Group from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Finally, 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 report on Tuesday, January 14th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $1,472.47.

TransDigm Group Stock Down 0.4 %

Shares of NYSE TDG traded down $4.91 during mid-day trading on Friday, hitting $1,339.77. 329,032 shares of the company were exchanged, compared to its average volume of 258,144. The stock has a 50 day simple moving average of $1,319.94 and a 200-day simple moving average of $1,326.81. TransDigm Group Incorporated has a 1-year low of $1,136.27 and a 1-year high of $1,451.32. The firm has a market cap of $75.14 billion, a price-to-earnings ratio of 47.26, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping the consensus estimate of $6.73 by $0.84. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company's revenue for the quarter was up 12.1% on a year-over-year basis. During the same period last year, the company earned $7.16 earnings per share. Analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

TransDigm Group Company 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.