TransDigm Group Incorporated (NYSE:TDG) Shares Acquired by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. increased its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 2.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,993 shares of the aerospace company’s stock after purchasing an additional 47 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in TransDigm Group were worth $2,844,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TDG. Syon Capital LLC boosted its stake in TransDigm Group by 5.9% during the fourth quarter. Syon Capital LLC now owns 304 shares of the aerospace company’s stock worth $308,000 after buying an additional 17 shares during the period. Wellington Management Group LLP lifted its holdings in shares of TransDigm Group by 22.2% in the 4th quarter. Wellington Management Group LLP now owns 2,640 shares of the aerospace company’s stock worth $2,671,000 after acquiring an additional 479 shares during the last quarter. Fisher Asset Management LLC purchased a new position in shares of TransDigm Group during the 4th quarter worth approximately $227,000. HighPoint Advisor Group LLC purchased a new position in shares of TransDigm Group during the 4th quarter worth approximately $344,000. Finally, Nomura Holdings Inc. acquired a new stake in TransDigm Group in the 4th quarter valued at approximately $1,135,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at TransDigm Group

In related news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $29,659,098.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at approximately $29,659,098.16. 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. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,953,204. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,472 shares of company stock worth $23,941,840. Corporate insiders own 4.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TDG shares. Northcoast Research assumed coverage on TransDigm Group in a research note on Thursday, August 1st. They set a “neutral” rating on the stock. Truist Financial boosted their price target on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Royal Bank of Canada reissued an “outperform” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research note on Wednesday, August 7th. StockNews.com downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,448.41.

TransDigm Group Price Performance

Shares of NYSE TDG traded down $12.82 during midday trading on Wednesday, hitting $1,377.70. 39,496 shares of the company’s stock were exchanged, compared to its average volume of 216,228. The firm’s fifty day simple moving average is $1,346.47 and its 200-day simple moving average is $1,300.60. The company has a market cap of $77.09 billion, a PE ratio of 55.16, a P/E/G ratio of 1.84 and a beta of 1.43. TransDigm Group Incorporated has a twelve month low of $811.42 and a twelve month high of $1,451.32.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, topping analysts’ consensus estimates of $7.77 by $1.23. The company had revenue of $2.05 billion for 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 revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter last year, the company earned $6.55 earnings per share. Equities analysts anticipate that TransDigm Group Incorporated will post 30.71 EPS for the current fiscal year.

TransDigm Group Increases Dividend

The company also recently disclosed a special dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be issued a dividend of $75.00 per share. This is a positive change from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date of this dividend is Friday, October 4th.

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.