TransDigm Group Incorporated (NYSE:TDG) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its position in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 0.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 320,771 shares of the aerospace company's stock after acquiring an additional 1,035 shares during the period. Bank of New York Mellon Corp owned about 0.57% of TransDigm Group worth $409,821,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TDG. Advisory Services Network LLC boosted its position in TransDigm Group by 15.0% in the fourth quarter. Advisory Services Network LLC now owns 5,846 shares of the aerospace company's stock worth $5,913,000 after purchasing an additional 762 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of TransDigm Group by 68.2% in the 4th quarter. Intech Investment Management LLC now owns 8,531 shares of the aerospace company's stock worth $8,630,000 after purchasing an additional 3,458 shares in the last quarter. Brevan Howard Capital Management LP bought a new position in TransDigm Group in the 4th quarter worth $1,909,000. Wealth Enhancement Advisory Services LLC lifted its position in TransDigm Group by 17.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company's stock valued at $4,980,000 after purchasing an additional 567 shares in the last quarter. Finally, UBS Group AG grew its holdings in TransDigm Group by 9.4% during the fourth quarter. UBS Group AG now owns 36,433 shares of the aerospace company's stock valued at $36,856,000 after purchasing an additional 3,120 shares during the period. 95.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TDG has been the topic of several analyst reports. TD Cowen lifted their price target on shares of TransDigm Group from $1,300.00 to $1,400.00 and gave the company a "buy" rating in a report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft raised their price objective on TransDigm Group from $1,435.00 to $1,524.00 and gave the company a "buy" rating in a research report on Thursday, June 20th. Robert W. Baird increased their price target 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. UBS Group reduced their price objective on TransDigm Group from $1,466.00 to $1,423.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group cut their target price on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a "buy" rating for the company in a report on Tuesday, August 13th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,422.94.

Insiders Place Their Bets

In other news, CEO Kevin M. Stein sold 10,000 shares of the business's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company's stock, valued at approximately $10,019,981.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Kevin M. Stein sold 10,000 shares of the firm's stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the sale, the chief executive officer now owns 8,158 shares in the company, valued at $10,019,981.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director W Nicholas Howley sold 5,073 shares of the company's stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the completion of the transaction, the director now owns 21,548 shares of the company's stock, valued at approximately $26,769,080.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,708 shares of company stock valued at $133,146,005. 4.96% of the stock is owned by insiders.

TransDigm Group Trading Up 1.8 %

Shares of TransDigm Group stock traded up $23.98 during trading on Tuesday, hitting $1,326.23. 159,943 shares of the stock traded hands, compared to its average volume of 225,358. TransDigm Group Incorporated has a 52-week low of $802.46 and a 52-week high of $1,369.57. The stock's fifty day simple moving average is $1,271.48 and its 200 day simple moving average is $1,251.25. The firm has a market cap of $74.41 billion, a P/E ratio of 52.11, a price-to-earnings-growth ratio of 2.06 and a beta of 1.38.

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