Equitable Trust Co. Cuts Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Equitable Trust Co. lowered its holdings in TransDigm Group Incorporated (NYSE:TDG) by 5.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,516 shares of the aerospace company’s stock after selling 338 shares during the period. Equitable Trust Co.’s holdings in TransDigm Group were worth $7,872,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of TransDigm Group by 1.0% in the first quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock worth $7,447,587,000 after acquiring an additional 58,243 shares in the last quarter. Capital World Investors grew its holdings in TransDigm Group by 14.3% during the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock valued at $4,354,369,000 after purchasing an additional 442,182 shares in the last quarter. Capital Research Global Investors grew its holdings in TransDigm Group by 1.6% during the 1st quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company’s stock valued at $2,420,882,000 after purchasing an additional 30,393 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in TransDigm Group by 13.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock valued at $2,056,109,000 after purchasing an additional 192,962 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in TransDigm Group by 2.6% during the 2nd quarter. Legal & General Group Plc now owns 365,745 shares of the aerospace company’s stock valued at $467,282,000 after purchasing an additional 9,180 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Buying and Selling at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at approximately $30,228,611.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $5,046,300. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at $30,228,611.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,944 shares of company stock worth $35,823,485 over the last ninety days. 4.96% of the stock is currently owned by insiders.

TransDigm Group Stock Performance

TDG stock opened at $1,351.89 on Friday. The stock has a market cap of $75.85 billion, a P/E ratio of 50.01, a P/E/G ratio of 1.88 and a beta of 1.43. The firm has a 50 day simple moving average of $1,368.14 and a 200 day simple moving average of $1,316.15. TransDigm Group Incorporated has a 52 week low of $935.84 and a 52 week high of $1,451.32.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, topping the consensus estimate of $7.77 by $1.23. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The firm’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period last year, the company posted $6.55 earnings per share. Sell-side analysts predict that TransDigm Group Incorporated will post 30.71 EPS for the current year.

TransDigm Group Increases Dividend

The firm also recently announced a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were paid a $75.00 dividend. The ex-dividend date of this dividend was Friday, October 4th. This is a boost from TransDigm Group’s previous special dividend of $32.50.

Analyst Ratings Changes

TDG has been the subject of a number of recent analyst reports. Northcoast Research initiated coverage on shares of TransDigm Group in a report on Thursday, August 1st. They set a “neutral” rating for the company. Truist Financial raised their price objective on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Citigroup decreased their price objective on shares of TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating for the company in a report on Wednesday. KeyCorp raised their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Finally, Susquehanna raised their price objective on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, TransDigm Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,461.82.

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.