Johnson Investment Counsel Inc. Has $393,000 Stake in TransDigm Group Incorporated (NYSE:TDG)

Johnson Investment Counsel Inc. grew its holdings in TransDigm Group Incorporated (NYSE:TDG) by 64.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 310 shares of the aerospace company’s stock after purchasing an additional 122 shares during the period. Johnson Investment Counsel Inc.’s holdings in TransDigm Group were worth $393,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. increased its holdings in TransDigm Group by 7.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 7,469 shares of the aerospace company’s stock worth $9,465,000 after buying an additional 531 shares during the last quarter. FWG Holdings LLC grew its position in TransDigm Group by 3.0% in the 4th quarter. FWG Holdings LLC now owns 373 shares of the aerospace company’s stock worth $505,000 after purchasing an additional 11 shares during the last quarter. Isthmus Partners LLC acquired a new stake in TransDigm Group during the fourth quarter worth about $208,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of TransDigm Group by 7.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,676 shares of the aerospace company’s stock valued at $49,013,000 after purchasing an additional 2,772 shares during the period. Finally, Coalescence Partners Investment Management LP acquired a new position in shares of TransDigm Group in the 4th quarter valued at $7,784,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Performance

NYSE TDG opened at $1,328.90 on Friday. TransDigm Group Incorporated has a 52 week low of $1,163.82 and a 52 week high of $1,451.32. The stock has a market capitalization of $74.53 billion, a price-to-earnings ratio of 46.87, a PEG ratio of 2.76 and a beta of 1.38. The stock’s 50 day moving average price is $1,324.84 and its two-hundred day moving average price is $1,327.01.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating the consensus estimate of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter last year, the company earned $7.16 EPS. TransDigm Group’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, equities research analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Insider Activity at TransDigm Group

In related news, Director Robert J. Small sold 3,650 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $1,322.19, for a total value of $4,825,993.50. Following the completion of the sale, the director now directly owns 15,539 shares in the company, valued at approximately $20,545,510.41. The trade was a 19.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction 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 owns 21,548 shares of the company’s stock, valued at approximately $27,942,799.96. The trade was a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 123,594 shares of company stock worth $164,002,398. Company insiders own 4.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TDG shares. Wells Fargo & Company raised TransDigm Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Barclays reissued an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. Citigroup upped their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Finally, Truist Financial boosted their target price 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. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, TransDigm Group has an average rating of “Moderate Buy” and a consensus target price of $1,472.47.

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.