Resona Asset Management Co. Ltd. Purchases 871 Shares of Transdigm Group Incorporated $TDG

Resona Asset Management Co. Ltd. boosted its holdings in Transdigm Group Incorporated (NYSE:TDG) by 5.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,249 shares of the aerospace company’s stock after acquiring an additional 871 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Transdigm Group were worth $27,690,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TDG. Simmons Bank lifted its holdings in shares of Transdigm Group by 5.1% during the second quarter. Simmons Bank now owns 395 shares of the aerospace company’s stock valued at $601,000 after purchasing an additional 19 shares in the last quarter. Ellevest Inc. raised its position in Transdigm Group by 9.9% in the 2nd quarter. Ellevest Inc. now owns 200 shares of the aerospace company’s stock worth $304,000 after buying an additional 18 shares during the last quarter. FWG Holdings LLC lifted its stake in Transdigm Group by 9.0% during the 2nd quarter. FWG Holdings LLC now owns 495 shares of the aerospace company’s stock valued at $797,000 after acquiring an additional 41 shares during the period. Cassaday & Co Wealth Management LLC boosted its holdings in shares of Transdigm Group by 4.0% during the 2nd quarter. Cassaday & Co Wealth Management LLC now owns 208 shares of the aerospace company’s stock valued at $316,000 after acquiring an additional 8 shares during the last quarter. Finally, NewSquare Capital LLC grew its stake in shares of Transdigm Group by 48.3% in the second quarter. NewSquare Capital LLC now owns 43 shares of the aerospace company’s stock worth $65,000 after acquiring an additional 14 shares during the period. Institutional investors own 95.78% of the company’s stock.

Transdigm Group Trading Up 0.5%

NYSE TDG opened at $1,272.41 on Friday. Transdigm Group Incorporated has a 12 month low of $1,183.60 and a 12 month high of $1,623.82. The stock has a market cap of $71.70 billion, a price-to-earnings ratio of 42.23, a PEG ratio of 3.25 and a beta of 1.02. The company’s 50 day moving average is $1,299.17 and its two-hundred day moving average is $1,404.46.

Transdigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.75 by ($0.15). Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period last year, the company earned $9.00 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. Sell-side analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

The firm also recently disclosed a special dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were given a $90.00 dividend. The ex-dividend date was Tuesday, September 2nd. This is a positive change from Transdigm Group’s previous special dividend of $75.00.

Insider Transactions at Transdigm Group

In other Transdigm Group news, Director Michael Graff sold 1,760 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $1,402.10, for a total value of $2,467,696.00. Following the completion of the transaction, the director directly owned 1,964 shares in the company, valued at $2,753,724.40. This represents a 47.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of Transdigm Group stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $1,276.07, for a total transaction of $3,828,210.00. Following the sale, the chief operating officer owned 3,600 shares in the company, valued at approximately $4,593,852. The trade was a 45.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 22,802 shares of company stock valued at $29,917,993. 4.09% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TDG. BMO Capital Markets initiated coverage on shares of Transdigm Group in a report on Tuesday, September 30th. They issued an “outperform” rating and a $1,420.00 target price on the stock. Zacks Research cut Transdigm Group from a “hold” rating to a “strong sell” rating in a report on Monday, October 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Transdigm Group in a report on Wednesday, October 8th. Morgan Stanley reduced their price objective on Transdigm Group from $1,750.00 to $1,600.00 and set an “overweight” rating for the company in a research report on Wednesday, October 15th. Finally, Royal Bank Of Canada cut Transdigm Group from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $1,550.00 to $1,385.00 in a research report on Monday, September 8th. Twelve research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,564.56.

Transdigm Group Company Profile

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.