Douglass Winthrop Advisors LLC Buys 358 Shares of TransDigm Group Incorporated (NYSE:TDG)

Douglass Winthrop Advisors LLC boosted its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 102,269 shares of the aerospace company’s stock after buying an additional 358 shares during the quarter. TransDigm Group makes up approximately 2.5% of Douglass Winthrop Advisors LLC’s portfolio, making the stock its 14th largest holding. Douglass Winthrop Advisors LLC owned about 0.18% of TransDigm Group worth $129,603,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TDG. Pathstone Holdings LLC grew its position in TransDigm Group by 0.9% during the third quarter. Pathstone Holdings LLC now owns 6,883 shares of the aerospace company’s stock valued at $9,824,000 after buying an additional 60 shares during the period. Prospera Financial Services Inc bought a new position in TransDigm Group during the third quarter valued at about $207,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in TransDigm Group during the third quarter valued at about $1,043,000. PNC Financial Services Group Inc. grew its position in TransDigm Group by 5.0% during the third quarter. PNC Financial Services Group Inc. now owns 29,881 shares of the aerospace company’s stock valued at $42,645,000 after buying an additional 1,431 shares during the period. Finally, Moors & Cabot Inc. grew its position in TransDigm Group by 10.5% during the third quarter. Moors & Cabot Inc. now owns 263 shares of the aerospace company’s stock valued at $375,000 after buying an additional 25 shares during the period. Institutional investors own 95.78% of the company’s stock.

Insider Activity at TransDigm Group

In related news, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $27,942,799.96. This trade represents a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert J. Small sold 3,650 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $1,322.19, for a total transaction of $4,825,993.50. Following the completion of the sale, the director now directly owns 15,539 shares in the company, valued at $20,545,510.41. This represents a 19.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 121,594 shares of company stock valued at $161,566,348 over the last three months. 4.09% of the stock is owned by corporate insiders.

TransDigm Group Price Performance

Shares of TDG opened at $1,359.90 on Friday. The firm’s 50 day simple moving average is $1,333.54 and its 200 day simple moving average is $1,327.55. The company has a market capitalization of $76.27 billion, a P/E ratio of 47.97, a P/E/G ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,451.32.

TransDigm Group (NYSE:TDG) last announced its earnings results 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. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. TransDigm Group’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the firm posted $7.16 earnings per share. On average, equities analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TDG has been the topic of several recent research reports. Truist Financial upped 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. Citigroup upped their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Finally, UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective on the stock in a report on Monday, February 24th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,472.47.

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.