Settian Capital LP Purchases New Shares in TransDigm Group Incorporated (NYSE:TDG)

Settian Capital LP purchased a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 800 shares of the aerospace company’s stock, valued at approximately $1,014,000. TransDigm Group accounts for about 0.7% of Settian Capital LP’s holdings, making the stock its 27th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of TDG. Pathstone Holdings LLC increased its stake in TransDigm Group by 0.9% in the third quarter. Pathstone Holdings LLC now owns 6,883 shares of the aerospace company’s stock worth $9,824,000 after purchasing an additional 60 shares during the period. Prospera Financial Services Inc purchased a new position in shares of TransDigm Group during the third quarter valued at $207,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of TransDigm Group during the third quarter valued at $1,043,000. PNC Financial Services Group Inc. increased its stake in shares of TransDigm Group by 5.0% during the third quarter. PNC Financial Services Group Inc. now owns 29,881 shares of the aerospace company’s stock valued at $42,645,000 after buying an additional 1,431 shares during the period. Finally, Strategy Asset Managers LLC purchased a new position in shares of TransDigm Group during the third quarter valued at $776,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

TDG has been the topic of a number of recent research reports. Barclays reaffirmed an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. Wells Fargo & Company raised TransDigm Group from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Citigroup raised their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,472.47.

TransDigm Group Trading Up 2.1 %

Shares of TDG stock opened at $1,370.81 on Thursday. The stock has a 50 day moving average of $1,331.97 and a 200 day moving average of $1,327.33. The stock has a market cap of $76.88 billion, a P/E ratio of 48.35, a P/E/G ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,451.32.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business’s revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business earned $7.16 earnings per share. On average, research analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Robert J. Small sold 40,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $1,345.81, for a total value of $53,832,400.00. Following the sale, the director now directly owns 98,185 shares of the company’s stock, valued at $132,138,354.85. The trade was a 28.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,762,872. This represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 124,594 shares of company stock worth $165,337,618 over the last three months. 4.09% of the stock is currently owned by corporate insiders.

TransDigm Group 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.