Dorsey & Whitney Trust CO LLC decreased its position in shares of Transdigm Group Incorporated (NYSE:TDG – Free Report) by 6.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 718 shares of the aerospace company’s stock after selling 47 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Transdigm Group were worth $1,092,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in TDG. Private Advisor Group LLC boosted its holdings in Transdigm Group by 11.1% in the first quarter. Private Advisor Group LLC now owns 2,251 shares of the aerospace company’s stock valued at $3,114,000 after acquiring an additional 225 shares during the last quarter. IFP Advisors Inc lifted its position in Transdigm Group by 13.4% during the 1st quarter. IFP Advisors Inc now owns 271 shares of the aerospace company’s stock valued at $374,000 after purchasing an additional 32 shares during the period. J.W. Cole Advisors Inc. bought a new position in shares of Transdigm Group in the 1st quarter valued at about $1,140,000. Teachers Retirement System of The State of Kentucky grew its position in shares of Transdigm Group by 6.0% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 4,344 shares of the aerospace company’s stock worth $6,009,000 after buying an additional 246 shares during the period. Finally, Crestwood Advisors Group LLC bought a new stake in shares of Transdigm Group during the first quarter worth approximately $275,000. 95.78% of the stock is owned by institutional investors and hedge funds.
Transdigm Group Trading Up 1.3%
NYSE:TDG opened at $1,352.92 on Wednesday. Transdigm Group Incorporated has a 1 year low of $1,183.60 and a 1 year high of $1,623.82. The stock has a 50-day moving average price of $1,298.89 and a two-hundred day moving average price of $1,401.11. The stock has a market cap of $76.19 billion, a price-to-earnings ratio of 44.90, a PEG ratio of 3.25 and a beta of 1.02.
Wall Street Analyst Weigh In
TDG has been the topic of a number of recent research reports. Truist Financial reduced their price objective on shares of Transdigm Group from $1,730.00 to $1,647.00 and set a “buy” rating on the stock in a research note on Wednesday, October 15th. Jefferies Financial Group reduced their price target on Transdigm Group from $1,650.00 to $1,490.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. Royal Bank Of Canada increased their target price on Transdigm Group from $1,385.00 to $1,400.00 and gave the company a “sector perform” rating in a research note on Thursday, November 13th. Susquehanna reduced their target price on Transdigm Group from $1,500.00 to $1,450.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Transdigm Group in a research note on Monday. Thirteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Transdigm Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,576.29.
Get Our Latest Report on Transdigm Group
Insider Buying and Selling
In related news, CEO Michael Lisman acquired 1,954 shares of the stock in a transaction dated Friday, November 14th. The stock was bought at an average price of $1,339.14 per share, with a total value of $2,616,679.56. Following the completion of the transaction, the chief executive officer directly owned 1,954 shares of the company’s stock, valued at approximately $2,616,679.56. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert J. Small sold 5,000 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $1,276.98, for a total transaction of $6,384,900.00. Following the completion of the sale, the director directly owned 83,419 shares in the company, valued at $106,524,394.62. This represents a 5.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 26,438 shares of company stock valued at $34,578,124. 4.09% of the stock is owned by corporate insiders.
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.
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