Raymond James Financial Inc. Makes New $100.81 Million Investment in TransDigm Group Incorporated (NYSE:TDG)

Raymond James Financial Inc. bought a new stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 79,549 shares of the aerospace company's stock, valued at approximately $100,811,000. Raymond James Financial Inc. owned approximately 0.14% of TransDigm Group as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Proficio Capital Partners LLC boosted its holdings in shares of TransDigm Group by 286,247.1% in the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company's stock valued at $925,349,000 after acquiring an additional 729,930 shares in the last quarter. Windacre Partnership LLC boosted its stake in TransDigm Group by 42.7% during the 3rd quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company's stock valued at $1,038,951,000 after purchasing an additional 217,700 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of TransDigm Group by 9.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock valued at $2,694,585,000 after purchasing an additional 185,422 shares during the period. JPMorgan Chase & Co. raised its stake in shares of TransDigm Group by 9.5% in the 3rd 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 in the last quarter. Finally, FMR LLC lifted its holdings in shares of TransDigm Group by 2.3% in the third quarter. FMR LLC now owns 1,920,181 shares of the aerospace company's stock valued at $2,740,348,000 after buying an additional 43,604 shares during the period. Institutional investors and hedge funds own 95.78% of the company's stock.

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Analyst Ratings Changes

TDG has been the topic of several research reports. Citigroup boosted their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 8th. UBS Group upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 target price for the company in a report on Monday, February 24th. Wells Fargo & Company upgraded shares of TransDigm Group from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $1,375.00 to $1,500.00 in a research 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 research report on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,472.47.

TransDigm Group Stock Performance

Shares of NYSE TDG traded up $6.64 during mid-day trading on Wednesday, reaching $1,326.51. The company had a trading volume of 253,922 shares, compared to its average volume of 257,815. The company has a market capitalization of $74.40 billion, a price-to-earnings ratio of 46.79, a PEG ratio of 2.76 and a beta of 1.38. The stock has a fifty day moving average of $1,322.16 and a two-hundred day moving average of $1,327.00. TransDigm Group Incorporated has a 12-month low of $1,163.82 and a 12-month high of $1,451.32.

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

Insider Activity at TransDigm Group

In other news, Director Robert J. Small sold 40,000 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $1,345.81, for a total transaction of $53,832,400.00. Following the completion of the sale, the director now directly owns 98,185 shares of the company's stock, valued at $132,138,354.85. This trade represents a 28.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at approximately $4,762,872. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 181,647 shares of company stock valued at $236,483,623. Insiders own 4.09% of the company's stock.

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.