Northern Trust Corp Purchases 39,590 Shares of TransDigm Group Incorporated (NYSE:TDG)

Northern Trust Corp raised its position in TransDigm Group Incorporated (NYSE:TDG) by 8.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 489,710 shares of the aerospace company’s stock after purchasing an additional 39,590 shares during the period. Northern Trust Corp owned approximately 0.87% of TransDigm Group worth $620,600,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Anchor Investment Management LLC increased its position in shares of TransDigm Group by 5.0% during the third quarter. Anchor Investment Management LLC now owns 917 shares of the aerospace company’s stock worth $1,309,000 after acquiring an additional 44 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of TransDigm Group during the third quarter worth $618,000. Franklin Resources Inc. increased its position in shares of TransDigm Group by 2.2% during the third quarter. Franklin Resources Inc. now owns 205,543 shares of the aerospace company’s stock worth $290,151,000 after acquiring an additional 4,442 shares in the last quarter. Oddo BHF Asset Management Sas bought a new stake in shares of TransDigm Group during the third quarter worth $716,000. Finally, JPMorgan Chase & Co. increased its position in shares of TransDigm Group by 9.5% during the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after acquiring an additional 173,642 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Performance

Shares of TDG stock opened at $1,397.71 on Tuesday. TransDigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,451.32. The company has a market capitalization of $78.39 billion, a price-to-earnings ratio of 49.30, a PEG ratio of 2.76 and a beta of 1.08. The company has a 50-day simple moving average of $1,339.86 and a 200 day simple moving average of $1,319.51.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 in the previous year, the company posted $7.16 earnings per share. The business’s revenue was up 12.1% on a year-over-year basis. Sell-side analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Insider Buying and Selling at TransDigm Group

In other news, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $1,354.08, for a total value of $27,081,600.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $11,046,584.64. This represents a 71.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert J. Small sold 40,000 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $1,345.81, for a total value of $53,832,400.00. Following the completion of the transaction, the director now owns 98,185 shares of the company’s stock, valued at $132,138,354.85. The trade was a 28.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 124,894 shares of company stock valued at $167,450,256. 4.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TDG has been the subject of several research reports. Wells Fargo & Company lowered their price objective on shares of TransDigm Group from $1,410.00 to $1,375.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price for the company in a report on Monday, February 24th. Truist Financial reduced their target price on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Barclays restated an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Finally, Northcoast Research upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 target price for the company in a report on Wednesday, April 9th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,464.41.

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.