TransDigm Group Incorporated (NYSE:TDG) Stock Holdings Trimmed by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. trimmed its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 7.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 121,252 shares of the aerospace company's stock after selling 9,897 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.22% of TransDigm Group worth $154,913,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. grew its position in TransDigm Group by 0.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 966 shares of the aerospace company's stock valued at $1,190,000 after acquiring an additional 8 shares in the last quarter. Team Hewins LLC grew its position in TransDigm Group by 3.0% in the 1st quarter. Team Hewins LLC now owns 275 shares of the aerospace company's stock valued at $339,000 after acquiring an additional 8 shares in the last quarter. Souders Financial Advisors grew its position in TransDigm Group by 1.1% in the 1st quarter. Souders Financial Advisors now owns 767 shares of the aerospace company's stock valued at $945,000 after acquiring an additional 8 shares in the last quarter. Bennett Selby Investments LP grew its position in TransDigm Group by 2.4% in the 2nd quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company's stock valued at $429,000 after acquiring an additional 8 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its stake in shares of TransDigm Group by 1.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 570 shares of the aerospace company's stock valued at $577,000 after buying an additional 9 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Morgan Stanley lifted their price objective on TransDigm Group from $1,550.00 to $1,575.00 and gave the company an "overweight" rating in a research note on Wednesday, August 7th. Bank of America lifted their price objective on TransDigm Group from $1,310.00 to $1,460.00 and gave the company a "buy" rating in a research note on Wednesday, May 29th. UBS Group decreased their price objective on TransDigm Group from $1,466.00 to $1,423.00 and set a "neutral" rating for the company in a research note on Wednesday, August 7th. Robert W. Baird lifted their price objective on TransDigm Group from $1,290.00 to $1,357.00 and gave the company an "outperform" rating in a research note on Wednesday, May 8th. Finally, TD Cowen lifted their price objective on TransDigm Group from $1,300.00 to $1,400.00 and gave the company a "buy" rating in a research note on Wednesday, May 8th. Eight investment 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, TransDigm Group has a consensus rating of "Moderate Buy" and an average target price of $1,422.94.

TransDigm Group Stock Up 0.6 %

TDG traded up $7.74 during trading on Friday, hitting $1,280.08. 188,182 shares of the stock were exchanged, compared to its average volume of 243,209. The firm has a market capitalization of $71.63 billion, a P/E ratio of 50.78, a PEG ratio of 2.04 and a beta of 1.38. TransDigm Group Incorporated has a 1-year low of $802.46 and a 1-year high of $1,369.57. The stock has a fifty day moving average price of $1,271.32 and a two-hundred day moving average price of $1,243.68.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, topping the consensus estimate of $7.77 by $1.23. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The firm's revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.55 earnings per share. Analysts predict that TransDigm Group Incorporated will post 30.58 EPS for the current year.

Insider Activity

In other news, insider Jessica L. Warren sold 925 shares of the business's stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the transaction, the insider now owns 50 shares of the company's stock, valued at $66,967. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other TransDigm Group news, Director W Nicholas Howley sold 5,073 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total value of $6,302,187.90. Following the completion of the transaction, the director now owns 21,548 shares in the company, valued at $26,769,080.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jessica L. Warren sold 925 shares of the company's stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the transaction, the insider now directly owns 50 shares of the company's stock, valued at approximately $66,967. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,708 shares of company stock valued at $133,146,005. Company insiders own 4.96% of the company's stock.

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.