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

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in TransDigm Group Incorporated (NYSE:TDG) by 5.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,273 shares of the aerospace company’s stock after buying an additional 400 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in TransDigm Group were worth $10,484,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Windacre Partnership LLC raised its stake in shares of TransDigm Group by 42.7% during the 3rd quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock valued at $1,038,951,000 after purchasing an additional 217,700 shares during the period. JPMorgan Chase & Co. grew its holdings in TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock valued at $2,851,160,000 after buying an additional 173,642 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of TransDigm Group by 108,517.8% during the third quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company’s stock valued at $69,755,000 after buying an additional 48,833 shares during the period. FMR LLC lifted its holdings in shares of 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 buying an additional 43,604 shares in the last quarter. Finally, Citigroup Inc. boosted its position in shares of TransDigm Group by 36.9% in the third quarter. Citigroup Inc. now owns 120,876 shares of the aerospace company’s stock valued at $172,506,000 after acquiring an additional 32,609 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

TransDigm Group Trading Up 2.3 %

Shares of NYSE:TDG opened at $1,329.35 on Friday. TransDigm Group Incorporated has a 12-month low of $1,100.86 and a 12-month high of $1,451.32. The stock’s 50-day moving average price is $1,293.18 and its 200-day moving average price is $1,313.89. The stock has a market capitalization of $74.50 billion, a P/E ratio of 51.93, a price-to-earnings-growth ratio of 3.06 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results 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 business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a negative return on equity of 50.40% and a net margin of 19.93%. TransDigm Group’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period last year, the company earned $7.16 EPS. As a group, research analysts predict that TransDigm Group Incorporated will post 34.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TDG shares. 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 research note on Monday, October 14th. Truist Financial increased their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. KeyCorp boosted their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Wells Fargo & Company raised TransDigm Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $1,375.00 to $1,500.00 in a report on Friday. Finally, StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,462.35.

Insider Buying and Selling

In related news, Director Robert J. Small sold 38,053 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the sale, the director now directly owns 567,323 shares of the company’s stock, valued at $708,461,615.94. This trade represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,181,755.06. This trade represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,525 shares of company stock valued at $112,769,801 over the last three months. 4.09% of the stock is owned by company 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.