Sageworth Trust Co acquired a new position in shares of Transdigm Group Incorporated (NYSE:TDG – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 487 shares of the aerospace company’s stock, valued at approximately $564,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Ares Financial Consulting LLC acquired a new position in Transdigm Group during the 4th quarter worth $25,000. Elyxium Wealth LLC acquired a new stake in shares of Transdigm Group in the fourth quarter valued at about $25,000. MCF Advisors LLC increased its stake in shares of Transdigm Group by 900.0% in the fourth quarter. MCF Advisors LLC now owns 20 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 18 shares during the period. Transamerica Financial Advisors LLC increased its stake in shares of Transdigm Group by 1,900.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 20 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 19 shares during the period. Finally, Colonial Trust Co SC lifted its position in shares of Transdigm Group by 162.5% during the 4th quarter. Colonial Trust Co SC now owns 21 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 13 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.
Transdigm Group Trading Down 2.5%
TDG opened at $1,296.28 on Thursday. The stock’s 50 day simple moving average is $1,251.29 and its 200-day simple moving average is $1,277.00. The stock has a market cap of $72.50 billion, a PE ratio of 40.46, a P/E/G ratio of 2.32 and a beta of 0.90. Transdigm Group Incorporated has a 1 year low of $1,123.61 and a 1 year high of $1,623.82.
Insider Transactions at Transdigm Group
In related news, Director W Nicholas Howley sold 10,132 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $1,319.55, for a total value of $13,369,680.60. Following the completion of the transaction, the director owned 21,548 shares of the company’s stock, valued at $28,433,663.40. This represents a 31.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Joel Reiss sold 3,900 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $1,276.78, for a total transaction of $4,979,442.00. Following the transaction, the chief operating officer owned 3,600 shares of the company’s stock, valued at approximately $4,596,408. This represents a 52.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 42,096 shares of company stock worth $52,625,524. 3.20% of the stock is currently owned by insiders.
Analyst Ratings Changes
TDG has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on Transdigm Group from $1,306.00 to $1,350.00 and gave the company a “hold” rating in a report on Wednesday, May 6th. Royal Bank Of Canada reduced their price objective on Transdigm Group from $1,400.00 to $1,350.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. BMO Capital Markets raised their price objective on shares of Transdigm Group from $1,450.00 to $1,525.00 and gave the stock an “outperform” rating in a research note on Thursday, July 2nd. BNP Paribas Exane cut their target price on shares of Transdigm Group from $1,800.00 to $1,750.00 and set an “outperform” rating for the company in a research note on Thursday, May 14th. Finally, UBS Group reduced their price target on shares of Transdigm Group from $1,745.00 to $1,645.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,518.25.
Transdigm Group Profile
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components and systems for commercial and military aerospace applications. The company’s product portfolio covers a broad range of mission-critical parts and subsystems, including mechanical and electromechanical components, ignition and fuel system parts, sensors and actuators, cockpit and cabin systems, and other safety-critical hardware. TransDigm supplies original equipment manufacturers (OEMs) as well as the aftermarket, providing spare parts, repair and overhaul services and component support throughout an asset’s life cycle.
TransDigm’s operating model places emphasis on proprietary, niche components that are difficult to replace, and the company operates through a collection of independently run subsidiaries and brands that sell specialized products.
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