Select Equity Group L.P. Makes New $2.26 Million Investment in TransDigm Group Incorporated (NYSE:TDG)

Select Equity Group L.P. bought a new position in TransDigm Group Incorporated (NYSE:TDG) in the first quarter, HoldingsChannel reports. The institutional investor bought 3,842 shares of the aerospace company’s stock, valued at approximately $2,259,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Point72 Asset Management L.P. grew its holdings in shares of TransDigm Group by 43.7% in the first quarter. Point72 Asset Management L.P. now owns 187,833 shares of the aerospace company’s stock worth $110,431,000 after acquiring an additional 57,163 shares during the period. Eaton Vance Management grew its holdings in shares of TransDigm Group by 32.8% in the first quarter. Eaton Vance Management now owns 5,663 shares of the aerospace company’s stock worth $3,329,000 after acquiring an additional 1,400 shares during the period. Evercore Wealth Management LLC grew its holdings in shares of TransDigm Group by 880.3% in the first quarter. Evercore Wealth Management LLC now owns 10,028 shares of the aerospace company’s stock worth $5,896,000 after acquiring an additional 9,005 shares during the period. State of Wisconsin Investment Board grew its holdings in shares of TransDigm Group by 19.2% in the first quarter. State of Wisconsin Investment Board now owns 66,692 shares of the aerospace company’s stock worth $39,210,000 after acquiring an additional 10,722 shares during the period. Finally, Tudor Investment Corp Et Al grew its holdings in shares of TransDigm Group by 66.5% in the first quarter. Tudor Investment Corp Et Al now owns 2,186 shares of the aerospace company’s stock worth $1,285,000 after acquiring an additional 873 shares during the period. 95.30% of the stock is owned by institutional investors.

Several equities analysts recently weighed in on the company. Morgan Stanley lowered their target price on TransDigm Group from $780.00 to $762.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 12th. Canaccord Genuity lifted their target price on TransDigm Group from $660.00 to $670.00 and gave the company a “buy” rating in a research report on Wednesday, May 12th. Credit Suisse Group lowered their target price on TransDigm Group from $663.00 to $660.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 12th. Wells Fargo & Company assumed coverage on TransDigm Group in a research report on Tuesday, May 18th. They set an “overweight” rating and a $718.00 target price on the stock. Finally, Vertical Research upgraded TransDigm Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $604.00 to $667.00 in a research report on Wednesday, May 12th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. TransDigm Group has an average rating of “Buy” and an average price target of $673.14.

In other TransDigm Group news, Chairman W Nicholas Howley sold 11,500 shares of the business’s stock in a transaction that occurred on Thursday, July 15th. The stock was sold at an average price of $639.34, for a total transaction of $7,352,410.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Robert S. Henderson sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 1st. The stock was sold at an average price of $654.67, for a total value of $6,546,700.00. The disclosure for this sale can be found here. Insiders sold 83,000 shares of company stock worth $54,835,440 over the last quarter. 9.13% of the stock is owned by company insiders.

Shares of NYSE:TDG traded up $12.17 during mid-day trading on Thursday, reaching $648.85. The stock had a trading volume of 136,308 shares, compared to its average volume of 227,874. The firm has a market cap of $35.62 billion, a P/E ratio of 83.23, a P/E/G ratio of 4.89 and a beta of 1.63. TransDigm Group Incorporated has a 1 year low of $418.02 and a 1 year high of $688.03. The business has a 50 day moving average of $645.78.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, May 11th. The aerospace company reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.38. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. TransDigm Group had a negative return on equity of 13.26% and a net margin of 5.11%. The firm’s revenue for the quarter was down 17.3% on a year-over-year basis. During the same period in the previous year, the business earned $5.10 earnings per share. As a group, equities analysts anticipate that TransDigm Group Incorporated will post 9.55 EPS for the current fiscal year.

About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its 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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Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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