Ballentine Partners LLC Boosts Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Ballentine Partners LLC increased its stake in TransDigm Group Incorporated (NYSE:TDG) by 24.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 341 shares of the aerospace company’s stock after purchasing an additional 68 shares during the quarter. Ballentine Partners LLC’s holdings in TransDigm Group were worth $436,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of TransDigm Group by 1.0% during the first quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock valued at $7,447,587,000 after buying an additional 58,243 shares during the period. Capital World Investors increased its holdings in TransDigm Group by 14.3% during the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock worth $4,354,369,000 after acquiring an additional 442,182 shares during the period. Capital Research Global Investors lifted its stake in TransDigm Group by 1.6% in the 1st quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company’s stock worth $2,420,882,000 after purchasing an additional 30,393 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in TransDigm Group by 13.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock valued at $2,056,109,000 after purchasing an additional 192,962 shares during the period. Finally, Norges Bank purchased a new position in shares of TransDigm Group during the 4th quarter valued at $790,822,000. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Trading Up 0.6 %

TDG stock opened at $1,310.75 on Wednesday. The stock has a market capitalization of $73.55 billion, a price-to-earnings ratio of 51.99, a PEG ratio of 2.04 and a beta of 1.42. The firm’s 50-day moving average price is $1,277.86 and its two-hundred day moving average price is $1,265.50. TransDigm Group Incorporated has a 12-month low of $802.46 and a 12-month high of $1,380.83.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the business earned $6.55 EPS. TransDigm Group’s revenue was up 17.3% compared to the same quarter last year. Equities analysts predict that TransDigm Group Incorporated will post 30.69 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TDG shares. KeyCorp lifted their price objective on TransDigm Group from $1,325.00 to $1,440.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Morgan Stanley increased their price target on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Bank of America upped their target price on shares of TransDigm Group from $1,310.00 to $1,460.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $1,500.00 price target on shares of TransDigm Group in a research report on Wednesday, August 7th. Eight 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.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,438.24.

Insider Activity at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,019,981.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $1,241.60, for a total transaction of $3,724,800.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,469,760. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,019,981.92. The disclosure for this sale can be found here. Insiders sold a total of 28,073 shares of company stock worth $34,795,388 over the last quarter. 4.96% of the stock is 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.