Johnson Financial Group Inc. Has $99,000 Position in TransDigm Group Incorporated (NYSE:TDG)

Johnson Financial Group Inc. raised its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 121.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 73 shares of the aerospace company’s stock after purchasing an additional 40 shares during the quarter. Johnson Financial Group Inc.’s holdings in TransDigm Group were worth $99,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TDG. Norges Bank acquired a new position in shares of TransDigm Group during the 4th quarter worth about $973,353,000. Proficio Capital Partners LLC grew its position in shares of TransDigm Group by 286,247.1% in the 4th quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock valued at $925,349,000 after purchasing an additional 729,930 shares during the period. Edgewood Management LLC acquired a new position in shares of TransDigm Group in the 4th quarter valued at approximately $399,595,000. JPMorgan Chase & Co. grew its position in shares of TransDigm Group by 10.4% in 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. Finally, Principal Financial Group Inc. grew its position in shares of 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 purchasing an additional 185,422 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TDG has been the subject of several research analyst reports. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, April 23rd. Barclays reiterated an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. Truist Financial decreased their price objective on TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company decreased their price objective on TransDigm Group from $1,410.00 to $1,375.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. Finally, Susquehanna boosted their target price on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Wednesday, April 2nd. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,464.41.

TransDigm Group Price Performance

Shares of TDG opened at $1,397.71 on Tuesday. The firm has a 50-day moving average of $1,339.86 and a 200-day moving average of $1,319.51. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,451.32. The company has a market cap of $78.39 billion, a PE ratio of 49.30, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG) last announced 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. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the firm posted $7.16 EPS. The company’s quarterly revenue was up 12.1% on a year-over-year basis. Analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Activity

In related news, COO Joel Reiss sold 3,300 shares of TransDigm Group stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $1,321.80, for a total transaction of $4,361,940.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,758,480. The trade was a 47.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $1,354.08, for a total transaction of $27,081,600.00. Following the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $11,046,584.64. The trade was a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 124,894 shares of company stock valued at $167,450,256 in the last quarter. Company insiders own 4.09% of the company’s stock.

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.