Intermede Investment Partners Ltd Sells 898 Shares of TransDigm Group Incorporated (NYSE:TDG)

Intermede Investment Partners Ltd cut its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,206 shares of the aerospace company's stock after selling 898 shares during the period. TransDigm Group accounts for 3.3% of Intermede Investment Partners Ltd's portfolio, making the stock its 13th largest position. Intermede Investment Partners Ltd owned approximately 0.17% of TransDigm Group worth $123,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. 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 acquiring an additional 29,489 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in TransDigm Group by 9.6% in 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 purchasing an additional 185,422 shares during the period. JPMorgan Chase & Co. increased its stake in TransDigm Group by 9.5% during the third 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 during the last quarter. FMR LLC raised its holdings 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 purchasing an additional 43,604 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of TransDigm Group by 1.7% in 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 during the last quarter. 95.78% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In related news, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the sale, the chief operating officer now owns 3,600 shares of the company's stock, valued at $4,525,524. The trade was a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the transaction, the director now directly owns 21,548 shares of the company's stock, valued at $27,942,799.96. This trade represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 123,594 shares of company stock worth $164,002,398 in the last ninety days. Insiders own 4.09% of the company's stock.

TransDigm Group Stock Performance

Shares of NYSE:TDG traded up $11.90 during midday trading on Monday, hitting $1,358.40. The company's stock had a trading volume of 190,987 shares, compared to its average volume of 230,584. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,451.32. The stock has a market capitalization of $76.19 billion, a price-to-earnings ratio of 47.92, a PEG ratio of 2.76 and a beta of 1.38. The stock's 50 day simple moving average is $1,326.27 and its 200 day simple moving average is $1,327.28.

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TDG. StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Wednesday, January 8th. Barclays reiterated an "equal weight" rating and set a $1,500.00 price target on shares of TransDigm Group in a research report on Monday, January 6th. UBS Group upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price objective for the company in a research report on Monday, February 24th. Wells Fargo & Company upgraded TransDigm Group from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a "buy" rating to a "hold" rating and lowered their price target for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $1,472.47.

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.