Sumitomo Mitsui DS Asset Management Company Ltd Purchases 400 Shares of TransDigm Group Incorporated (NYSE:TDG)

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,273 shares of the aerospace company's stock after purchasing an additional 400 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in TransDigm Group were worth $10,484,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of TransDigm Group by 1.3% during 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 in the last quarter. JPMorgan Chase & Co. lifted its stake in TransDigm Group by 9.5% in 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 acquiring an additional 173,642 shares during the last quarter. FMR LLC boosted its holdings in TransDigm Group by 2.3% in 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 in the last quarter. Geode Capital Management LLC increased its position in TransDigm Group by 1.7% during the third 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. Finally, Windacre Partnership LLC increased its position in TransDigm Group by 42.7% during the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company's stock worth $1,038,951,000 after buying an additional 217,700 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TransDigm Group

In related news, Director Robert J. Small sold 38,053 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the sale, the director now directly owns 567,323 shares in the company, valued at $708,461,615.94. This represents a 6.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on 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 completion of the transaction, the chief operating officer now owns 3,600 shares of the company's stock, valued at approximately $4,525,524. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,525 shares of company stock worth $112,769,801 over the last three months. Company insiders own 4.09% of the company's stock.

Analysts Set New Price Targets

TDG has been the subject of a number of analyst reports. Barclays reaffirmed an "equal weight" rating and issued a $1,500.00 price target on shares of TransDigm Group in a research report on Monday, January 6th. StockNews.com raised TransDigm Group from a "hold" rating to a "buy" rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a "buy" rating to a "hold" rating and lowered their price target for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Truist Financial boosted their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Finally, Citigroup raised their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,462.35.

TransDigm Group Stock Performance

Shares of NYSE:TDG traded up $27.61 during midday trading on Tuesday, reaching $1,362.91. 262,933 shares of the company's stock were exchanged, compared to its average volume of 261,223. The firm has a market capitalization of $76.43 billion, a PE ratio of 48.07, a price-to-earnings-growth ratio of 2.86 and a beta of 1.40. The company's 50 day simple moving average is $1,296.16 and its two-hundred day simple moving average is $1,315.82. TransDigm Group Incorporated has a 12 month low of $1,100.86 and a 12 month high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating analysts' consensus estimates 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 earned $7.16 earnings per share. The company's quarterly revenue was up 12.1% on a year-over-year basis. On average, research analysts anticipate that TransDigm Group Incorporated will post 34.11 earnings per share 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.