Douglas Lane & Associates LLC Has $117.52 Million Stake in TransDigm Group Incorporated (NYSE:TDG)

Douglas Lane & Associates LLC decreased its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,345 shares of the aerospace company’s stock after selling 1,387 shares during the quarter. TransDigm Group accounts for approximately 1.6% of Douglas Lane & Associates LLC’s investment portfolio, making the stock its 9th largest position. Douglas Lane & Associates LLC owned 0.15% of TransDigm Group worth $117,517,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in TransDigm Group by 1.0% during the first quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock worth $7,447,587,000 after purchasing an additional 58,243 shares during the period. Capital World Investors lifted its position in TransDigm Group by 14.3% during the first quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock worth $4,354,369,000 after purchasing an additional 442,182 shares during the period. Capital Research Global Investors lifted 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 period. JPMorgan Chase & Co. lifted its position 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 lifted its holdings in shares of TransDigm Group by 2.6% in the second quarter. Legal & General Group Plc now owns 365,745 shares of the aerospace company’s stock worth $467,282,000 after acquiring an additional 9,180 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,019,981.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,019,981.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,469,760. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,545 shares of company stock worth $33,968,828. Corporate insiders own 4.96% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on TDG. Jefferies Financial Group dropped 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. Truist Financial increased their target price on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Susquehanna increased their target price on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Northcoast Research initiated coverage on shares of TransDigm Group in a report on Thursday, August 1st. They issued a “neutral” rating for the company. Finally, StockNews.com downgraded TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,441.35.

TransDigm Group Stock Performance

Shares of TDG stock traded up $41.44 during trading hours on Friday, hitting $1,410.42. 192,089 shares of the company were exchanged, compared to its average volume of 182,795. The firm has a market cap of $79.14 billion, a P/E ratio of 52.18, a P/E/G ratio of 1.84 and a beta of 1.43. TransDigm Group Incorporated has a fifty-two week low of $811.42 and a fifty-two week high of $1,451.32. The company has a 50 day simple moving average of $1,339.33 and a two-hundred day simple moving average of $1,297.76.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $2.01 billion. During the same period last year, the business earned $6.55 EPS. TransDigm Group’s quarterly revenue was up 17.3% compared to the same quarter last year. As a group, sell-side analysts expect that TransDigm Group Incorporated will post 30.71 EPS for the current fiscal year.

TransDigm Group Increases Dividend

The company also recently announced a special dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be issued a $75.00 dividend. This is a boost from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date is Friday, October 4th.

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.