Transdigm Group Incorporated $TDG Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its stake in Transdigm Group Incorporated (NYSE:TDG) by 35.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 116,623 shares of the aerospace company’s stock after selling 64,782 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Transdigm Group were worth $126,256,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Transdigm Group during the second quarter valued at $6,489,039,000. State Street Corp boosted its stake in shares of Transdigm Group by 1.7% during the 2nd quarter. State Street Corp now owns 2,559,096 shares of the aerospace company’s stock worth $3,408,818,000 after acquiring an additional 42,490 shares during the last quarter. Soroban Capital Partners LP grew its position in shares of Transdigm Group by 14.5% during the 1st quarter. Soroban Capital Partners LP now owns 856,197 shares of the aerospace company’s stock valued at $992,298,000 after acquiring an additional 108,227 shares during the period. Stockbridge Partners LLC purchased a new stake in shares of Transdigm Group in the 2nd quarter worth $578,480,000. Finally, Primecap Management Co. CA purchased a new stake in shares of Transdigm Group in the 2nd quarter worth $546,425,000. Institutional investors own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TDG shares. Morgan Stanley lowered their target price on Transdigm Group from $1,400.00 to $1,300.00 and set an “equal weight” rating on the stock in a research report on Monday, October 19th. Wall Street Zen cut Transdigm Group from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Royal Bank Of Canada decreased their price objective on Transdigm Group from $1,350.00 to $1,200.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 15th. UBS Group lifted their price objective on Transdigm Group from $1,585.00 to $1,695.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. lowered their price objective on Transdigm Group from $1,450.00 to $1,415.00 and set a “neutral” rating on the stock in a research report on Thursday, September 17th. Five investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $1,428.40.

Insider Activity

In related news, COO Joel Reiss sold 4,100 shares of Transdigm Group stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $1,128.04, for a total transaction of $4,624,964.00. Following the completion of the transaction, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at approximately $4,060,944. The trade was a 53.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W. Howley sold 10,132 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $1,236.28, for a total value of $12,525,988.96. Following the transaction, the director owned 21,548 shares of the company’s stock, valued at $26,639,361.44. This trade represents a 31.98% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 22,032 shares of company stock valued at $26,250,979. 3.20% of the stock is currently owned by company insiders.

Transdigm Group Stock Up 5.6%

TDG opened at $1,211.47 on Tuesday. The firm has a 50-day simple moving average of $1,129.45 and a two-hundred day simple moving average of $1,227.88. Transdigm Group Incorporated has a 52 week low of $1,071.25 and a 52 week high of $1,463.03. The company has a market capitalization of $67.76 billion, a PE ratio of 36.76, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96.

Transdigm Group (NYSE:TDG) last posted its earnings results on Tuesday, August 4th. The aerospace company reported $10.87 earnings per share for the quarter, beating analysts’ consensus estimates of $10.30 by $0.57. Transdigm Group had a net margin of 19.69% and a negative return on equity of 23.65%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.68 billion. During the same period last year, the firm posted $9.60 earnings per share. Transdigm Group’s revenue for the quarter was up 22.5% compared to the same quarter last year. As a group, sell-side analysts expect that Transdigm Group Incorporated will post 38.81 earnings per share for the current year.

About Transdigm Group

TransDigm Group Incorporated (NYSE: TDG) is a global aerospace manufacturing company that designs, produces and supplies aircraft components, systems and related products. Its portfolio includes mechanical and electrical systems, cockpit and cabin products, airframe components, power and control systems, engine components, and other specialized equipment used in commercial, business and general aviation, and military aircraft.

The company serves aircraft manufacturers, airlines, aircraft operators, maintenance providers and defense customers.