TransDigm Group Incorporated (NYSE:TDG) Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,720 shares of the aerospace company's stock after purchasing an additional 1,480 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.22% of TransDigm Group worth $158,055,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. First Personal Financial Services acquired a new position in TransDigm Group in the third quarter valued at approximately $29,000. Erste Asset Management GmbH purchased a new position in shares of TransDigm Group during the 3rd quarter worth $29,000. Trust Co. of Vermont raised its holdings in TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock valued at $32,000 after buying an additional 15 shares during the period. Versant Capital Management Inc lifted its position in TransDigm Group by 225.0% in the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock valued at $33,000 after buying an additional 18 shares during the last quarter. Finally, DT Investment Partners LLC increased its holdings in TransDigm Group by 68.8% in the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company's stock valued at $39,000 after purchasing an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Wall Street Analyst Weigh In

TDG has been the subject of several analyst reports. Citigroup boosted their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Truist Financial lifted their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. upped their price objective on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a "neutral" rating in a research note on Monday, October 14th. Barclays reiterated an "equal weight" rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. Finally, KeyCorp boosted their price target on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, TransDigm Group presently has a consensus rating of "Moderate Buy" and an average target price of $1,462.35.

TransDigm Group Price Performance

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. TransDigm Group Incorporated has a 1-year low of $1,100.86 and a 1-year high of $1,451.32. The stock has a market capitalization of $76.43 billion, a PE ratio of 48.07, a P/E/G ratio of 2.86 and a beta of 1.40. The business's 50-day moving average price is $1,296.16 and its 200 day moving average price is $1,315.82.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.73 by $0.84. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.16 EPS. As a group, analysts expect that TransDigm Group Incorporated will post 34.11 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Robert J. Small sold 38,053 shares of the stock in a transaction dated 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 transaction, the director now directly owns 567,323 shares in the company, valued at approximately $708,461,615.94. This represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company's stock, valued at $4,892,616. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 89,525 shares of company stock worth $112,769,801. 4.09% of the stock is owned by corporate insiders.

TransDigm Group 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.