Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in TransDigm Group Incorporated (NYSE:TDG) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,080 shares of the aerospace company’s stock after acquiring an additional 241 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in TransDigm Group were worth $7,296,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TDG. Riverstone Advisors LLC increased its stake in TransDigm Group by 10.2% in the 2nd quarter. Riverstone Advisors LLC now owns 8,237 shares of the aerospace company’s stock valued at $3,985,000 after buying an additional 762 shares during the period. Janney Montgomery Scott LLC increased its stake in TransDigm Group by 11.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 1,449 shares of the aerospace company’s stock valued at $701,000 after buying an additional 154 shares during the period. BP PLC increased its stake in TransDigm Group by 25.0% in the 2nd quarter. BP PLC now owns 5,000 shares of the aerospace company’s stock valued at $2,419,000 after buying an additional 1,000 shares during the period. Advisor Partners LLC acquired a new position in TransDigm Group in the 2nd quarter valued at approximately $212,000. Finally, Creative Planning increased its stake in TransDigm Group by 48.7% in the 2nd quarter. Creative Planning now owns 2,845 shares of the aerospace company’s stock valued at $1,376,000 after buying an additional 932 shares during the period. Institutional investors and hedge funds own 98.92% of the company’s stock.

TDG stock traded up $1.40 during trading hours on Tuesday, hitting $543.26. The company’s stock had a trading volume of 5,971 shares, compared to its average volume of 300,775. The stock has a market cap of $29.05 billion, a P/E ratio of 31.94, a PEG ratio of 2.72 and a beta of 1.06. TransDigm Group Incorporated has a 12 month low of $307.36 and a 12 month high of $555.27. The stock has a 50 day moving average of $495.79.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, August 6th. The aerospace company reported $4.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.01 by $0.94. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.58 billion. TransDigm Group had a net margin of 15.26% and a negative return on equity of 59.21%. The company’s revenue for the quarter was up 69.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.59 earnings per share. As a group, research analysts predict that TransDigm Group Incorporated will post 16.92 EPS for the current year.

The firm also recently announced a dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 16th will be given a $30.00 dividend. The ex-dividend date is Thursday, August 15th.

Several research firms have weighed in on TDG. Canaccord Genuity reiterated a “buy” rating and issued a $520.00 price objective (up previously from $460.00) on shares of TransDigm Group in a research note on Wednesday, May 8th. Zacks Investment Research upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating and set a $513.00 price objective on the stock in a research note on Tuesday, April 16th. JPMorgan Chase & Co. upped their price objective on shares of TransDigm Group from $465.00 to $515.00 and gave the company an “underweight” rating in a research note on Tuesday, May 14th. Credit Suisse Group upped their price objective on shares of TransDigm Group from $539.00 to $617.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, Barclays set a $610.00 price objective on shares of TransDigm Group and gave the company a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $520.00.

In other TransDigm Group news, Chairman W Nicholas Howley sold 17,083 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $547.65, for a total value of $9,355,504.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Staer sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $464.67, for a total transaction of $1,161,675.00. Following the completion of the sale, the director now directly owns 1,691 shares of the company’s stock, valued at $785,756.97. The disclosure for this sale can be found here. Insiders sold 63,749 shares of company stock valued at $31,514,641 over the last three months. Insiders own 11.00% of the company’s stock.

About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.

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Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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