Principal Financial Group Inc. Has $2.77 Billion Position in TransDigm Group Incorporated (NYSE:TDG)

Principal Financial Group Inc. decreased its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 2.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,940,852 shares of the aerospace company's stock after selling 58,906 shares during the period. TransDigm Group makes up 1.5% of Principal Financial Group Inc.'s investment portfolio, making the stock its 6th largest holding. Principal Financial Group Inc. owned 3.46% of TransDigm Group worth $2,769,848,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in TransDigm Group by 1.0% in the first quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company's stock valued at $7,447,587,000 after purchasing an additional 58,243 shares during the last quarter. Capital World Investors grew its holdings in TransDigm Group by 14.3% in the first quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company's stock valued at $4,354,369,000 after purchasing an additional 442,182 shares during the period. Capital Research Global Investors increased its position in TransDigm Group by 1.6% during the first quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company's stock worth $2,420,882,000 after purchasing an additional 30,393 shares during the last quarter. JPMorgan Chase & Co. raised its stake in TransDigm Group by 13.1% during the first quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company's stock worth $2,056,109,000 after purchasing an additional 192,962 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of TransDigm Group by 2.6% in the 2nd quarter. Legal & General Group Plc now owns 365,745 shares of the aerospace company's stock valued at $467,282,000 after purchasing an additional 9,180 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Analyst Upgrades and Downgrades

TDG has been the topic of several research reports. Truist Financial increased their target price on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a "buy" rating in a research report on Wednesday, July 17th. UBS Group cut their price target on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a "neutral" rating on the stock in a report on Wednesday, August 7th. KeyCorp increased their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Citigroup reduced their target price on shares of TransDigm Group from $1,648.00 to $1,563.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, StockNews.com downgraded TransDigm Group from a "buy" rating to a "hold" rating in a report on Monday, August 5th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $1,461.82.

TransDigm Group Stock Performance

Shares of NYSE:TDG traded down $52.22 during midday trading on Thursday, reaching $1,330.38. The company had a trading volume of 367,543 shares, compared to its average volume of 215,947. TransDigm Group Incorporated has a 1-year low of $886.76 and a 1-year high of $1,451.32. The company has a fifty day simple moving average of $1,369.27 and a two-hundred day simple moving average of $1,315.00. The firm has a market cap of $74.65 billion, a price-to-earnings ratio of 51.08, a price-to-earnings-growth ratio of 1.79 and a beta of 1.43.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, beating analysts' consensus estimates of $7.77 by $1.23. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the company earned $6.55 EPS. The firm's quarterly revenue was up 17.3% on a year-over-year basis. Analysts expect that TransDigm Group Incorporated will post 30.71 EPS for the current year.

TransDigm Group Increases Dividend

The company also recently declared a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were issued a dividend of $75.00 per share. This is a positive change from TransDigm Group's previous special dividend of $32.50. The ex-dividend date of this dividend was Friday, October 4th.

Insider Activity at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,953,204. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Kevin M. Stein sold 10,000 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,019,981.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,953,204. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,944 shares of company stock valued at $35,823,485. 4.96% of the stock is owned by corporate insiders.

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.