Sumitomo Mitsui Trust Group Inc. Has $158.06 Million Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Sumitomo Mitsui Trust Group Inc. raised its position in TransDigm Group Incorporated (NYSE:TDG) by 1.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 124,720 shares of the aerospace company’s stock after acquiring an additional 1,480 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.22% of TransDigm Group worth $158,055,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of TDG. Atomi Financial Group Inc. acquired a new stake in TransDigm Group in the 3rd quarter valued at $280,000. Wedmont Private Capital lifted its stake in shares of TransDigm Group by 4.6% in the third quarter. Wedmont Private Capital now owns 746 shares of the aerospace company’s stock valued at $1,012,000 after buying an additional 33 shares in the last quarter. Quotient Wealth Partners LLC acquired a new position in shares of TransDigm Group during the third quarter valued at about $217,000. Strong Tower Advisory Services increased its position in shares of TransDigm Group by 3.2% during the third quarter. Strong Tower Advisory Services now owns 641 shares of the aerospace company’s stock worth $914,000 after acquiring an additional 20 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of TransDigm Group by 207.5% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 246 shares of the aerospace company’s stock worth $351,000 after acquiring an additional 166 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Truist Financial lifted their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Wells Fargo & Company upgraded TransDigm Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $1,375.00 to $1,500.00 in a research note on Friday. KeyCorp upped their target price on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Finally, Citigroup raised their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, TransDigm Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,462.35.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,892,616. This trade represents a 45.45 % decrease 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, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,337,899.18. This represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,525 shares of company stock valued at $112,769,801 over the last three months. Company insiders own 4.09% of the company’s stock.

TransDigm Group Stock Performance

Shares of TransDigm Group stock opened at $1,329.35 on Friday. The stock has a market capitalization of $74.50 billion, a P/E ratio of 51.93, a P/E/G ratio of 3.06 and a beta of 1.40. TransDigm Group Incorporated has a 52-week low of $1,100.86 and a 52-week high of $1,451.32. The stock’s 50-day simple moving average is $1,293.18 and its 200 day simple moving average is $1,313.89.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.73 by $0.84. TransDigm Group had a net margin of 19.93% and a negative return on equity of 50.40%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the firm posted $7.16 earnings per share. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. Equities research analysts forecast that TransDigm Group Incorporated will post 34.11 EPS for the current fiscal year.

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.