Clarius Group LLC Grows Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Clarius Group LLC boosted its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 11.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 400 shares of the aerospace company’s stock after buying an additional 42 shares during the quarter. Clarius Group LLC’s holdings in TransDigm Group were worth $507,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Ieq Capital LLC raised its holdings in shares of TransDigm Group by 16.1% in the second quarter. Ieq Capital LLC now owns 2,302 shares of the aerospace company’s stock worth $2,942,000 after buying an additional 320 shares during the period. Pacer Advisors Inc. increased its stake in TransDigm Group by 3.6% in the second quarter. Pacer Advisors Inc. now owns 4,651 shares of the aerospace company’s stock worth $5,942,000 after purchasing an additional 163 shares during the period. Sei Investments Co. lifted its position in shares of TransDigm Group by 33.0% during the second quarter. Sei Investments Co. now owns 31,113 shares of the aerospace company’s stock worth $39,758,000 after purchasing an additional 7,726 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of TransDigm Group by 188.1% during the second quarter. Thrivent Financial for Lutherans now owns 8,622 shares of the aerospace company’s stock valued at $11,016,000 after purchasing an additional 5,629 shares during the period. Finally, Summit Trail Advisors LLC boosted its stake in shares of TransDigm Group by 2.5% during the second quarter. Summit Trail Advisors LLC now owns 1,014 shares of the aerospace company’s stock valued at $1,296,000 after purchasing an additional 25 shares during the period. Institutional investors own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. 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 report on Tuesday, January 14th. KeyCorp lifted their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. increased their target price on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Barclays restated an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Finally, StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,455.00.

TransDigm Group Stock Performance

Shares of TDG stock opened at $1,340.40 on Monday. TransDigm Group Incorporated has a fifty-two week low of $1,032.43 and a fifty-two week high of $1,451.32. The firm has a market capitalization of $75.37 billion, a price-to-earnings ratio of 52.36, a PEG ratio of 2.84 and a beta of 1.38. The stock’s 50-day simple moving average is $1,277.54 and its 200-day simple moving average is $1,307.04.

Insider Buying and Selling

In related news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at $27,942,799.96. The trade was a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total value of $25,344,200.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,337,899.18. This represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 86,525 shares of company stock worth $108,692,621 in the last three months. Corporate insiders own 4.96% of the company’s stock.

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.