Pinnacle Wealth Planning Services Inc. Sells 59 Shares of TransDigm Group Incorporated (NYSE:TDG)

Pinnacle Wealth Planning Services Inc. decreased its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 14.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 343 shares of the aerospace company’s stock after selling 59 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in TransDigm Group were worth $435,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CIBC Asset Management Inc boosted its stake in TransDigm Group by 8.6% during the 3rd quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock worth $11,658,000 after acquiring an additional 644 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in TransDigm Group by 3.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company’s stock worth $391,918,000 after acquiring an additional 7,947 shares during the last quarter. Westfield Capital Management Co. LP raised its holdings in TransDigm Group by 2.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company’s stock worth $530,980,000 after buying an additional 8,655 shares during the period. JPMorgan Chase & Co. raised its holdings in TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after buying an additional 173,642 shares during the period. Finally, Swiss National Bank raised its holdings in TransDigm Group by 0.9% during the 3rd quarter. Swiss National Bank now owns 166,100 shares of the aerospace company’s stock worth $237,046,000 after buying an additional 1,400 shares during the period. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Down 2.2 %

NYSE:TDG opened at $1,344.37 on Friday. TransDigm Group Incorporated has a 1-year low of $1,136.27 and a 1-year high of $1,451.32. The firm has a fifty day simple moving average of $1,318.97 and a 200 day simple moving average of $1,326.39. The stock has a market capitalization of $75.40 billion, a PE ratio of 47.42, a P/E/G ratio of 2.76 and a beta of 1.38.

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

Insiders Place Their Bets

In other TransDigm Group news, Director Robert J. Small sold 38,053 shares of TransDigm Group stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the completion of the transaction, the director now directly owns 567,323 shares of the company’s stock, valued at $708,461,615.94. The trade was a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,892,616. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 121,647 shares of company stock valued at $155,847,223 over the last ninety days. 4.09% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have commented on the stock. Citigroup raised their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Wells Fargo & Company upgraded shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Finally, UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price on the stock in a report on Monday, February 24th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus target price of $1,472.47.

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.