Franklin Resources Inc. Has $175.93 Million Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Franklin Resources Inc. reduced its stake in TransDigm Group Incorporated (NYSE:TDG) by 32.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 138,826 shares of the aerospace company’s stock after selling 66,717 shares during the quarter. Franklin Resources Inc. owned about 0.25% of TransDigm Group worth $175,931,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Resonant Capital Advisors LLC lifted its position in shares of TransDigm Group by 1.8% in the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock worth $585,000 after purchasing an additional 8 shares during the period. Quent Capital LLC raised its stake in TransDigm Group by 6.5% during the fourth quarter. Quent Capital LLC now owns 132 shares of the aerospace company’s stock worth $167,000 after buying an additional 8 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in TransDigm Group by 3.6% in the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company’s stock valued at $293,000 after buying an additional 8 shares during the period. CX Institutional boosted its position in TransDigm Group by 5.4% during the fourth quarter. CX Institutional now owns 175 shares of the aerospace company’s stock valued at $222,000 after acquiring an additional 9 shares during the last quarter. Finally, Western Financial Corp CA grew its holdings in TransDigm Group by 0.6% during the 4th quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company’s stock worth $1,902,000 after acquiring an additional 9 shares during the period. 95.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TDG has been the topic of several research analyst reports. Truist Financial upped their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Barclays reaffirmed an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. StockNews.com downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday. UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target for the company in a report on Monday, February 24th. Finally, Wells Fargo & Company upped their price objective on shares of TransDigm Group from $1,500.00 to $1,580.00 and gave the company an “overweight” rating in a report on Tuesday, March 25th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, TransDigm Group has a consensus rating of “Moderate Buy” and a consensus target price of $1,477.18.

TransDigm Group Price Performance

TDG opened at $1,395.22 on Wednesday. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,451.32. The company’s 50-day moving average is $1,344.78 and its 200 day moving average is $1,330.16. The firm has a market capitalization of $78.25 billion, a P/E ratio of 49.21, a PEG ratio of 2.76 and a beta of 1.38.

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

Insider Buying and Selling at TransDigm Group

In related news, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,337,899.18. This represents a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,896,144. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 124,594 shares of company stock worth $165,646,468 in the last quarter. 4.09% of the stock is currently owned by company insiders.

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.