TransDigm Group Incorporated (NYSE:TDG) Stock Holdings Lifted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,630 shares of the aerospace company’s stock after purchasing an additional 3,311 shares during the period. Envestnet Asset Management Inc. owned 0.13% of TransDigm Group worth $94,577,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in TransDigm Group during the 4th quarter worth $973,353,000. Proficio Capital Partners LLC lifted its position in shares of TransDigm Group by 286,247.1% during the 4th quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock worth $925,349,000 after purchasing an additional 729,930 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in TransDigm Group by 10.4% during the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock valued at $2,793,908,000 after purchasing an additional 206,822 shares during the period. Principal Financial Group Inc. grew its holdings in TransDigm Group by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock valued at $2,694,585,000 after buying an additional 185,422 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in TransDigm Group by 14.1% in the 4th quarter. Geode Capital Management LLC now owns 1,293,282 shares of the aerospace company’s stock worth $1,636,409,000 after buying an additional 159,839 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the sale, the director now owns 21,548 shares in the company, valued at $27,942,799.96. This represents a 20.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total value of $25,344,200.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at $10,337,899.18. The trade was a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 124,594 shares of company stock valued at $165,646,468 in the last three months. Insiders own 4.09% of the company’s stock.

TransDigm Group Stock Down 1.6 %

TransDigm Group stock opened at $1,229.86 on Wednesday. The stock has a market cap of $68.98 billion, a PE ratio of 43.38, a P/E/G ratio of 2.76 and a beta of 1.08. TransDigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,451.32. The business’s 50-day moving average price is $1,337.88 and its two-hundred day moving average price is $1,326.41.

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

Analyst Upgrades and Downgrades

TDG has been the topic of a number of research reports. Susquehanna boosted their target price on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Truist Financial lifted their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Wells Fargo & Company decreased their price objective on TransDigm Group from $1,580.00 to $1,410.00 and set an “overweight” rating on the stock in a report on Tuesday. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,470.12.

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.