Chesley Taft & Associates LLC Acquires Shares of 1,611 TransDigm Group Incorporated (NYSE:TDG)

Chesley Taft & Associates LLC bought a new position in shares of TransDigm Group Incorporated (NYSE:TDG) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,611 shares of the aerospace company’s stock, valued at approximately $1,984,000.

Several other institutional investors have also recently made changes to their positions in TDG. Mariner LLC boosted its stake in TransDigm Group by 8.6% in the 3rd quarter. Mariner LLC now owns 3,819 shares of the aerospace company’s stock worth $3,220,000 after purchasing an additional 303 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of TransDigm Group by 956.5% in the third quarter. Federated Hermes Inc. now owns 13,735 shares of the aerospace company’s stock worth $11,580,000 after purchasing an additional 12,435 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in TransDigm Group by 15.2% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 607 shares of the aerospace company’s stock valued at $512,000 after acquiring an additional 80 shares during the period. Profund Advisors LLC raised its holdings in shares of TransDigm Group by 2.6% during the third quarter. Profund Advisors LLC now owns 637 shares of the aerospace company’s stock valued at $537,000 after purchasing an additional 16 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in TransDigm Group by 11.6% in the third quarter. O Shaughnessy Asset Management LLC now owns 1,819 shares of the aerospace company’s stock worth $1,534,000 after purchasing an additional 189 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Price Performance

TransDigm Group stock opened at $1,288.65 on Friday. TransDigm Group Incorporated has a 12 month low of $802.46 and a 12 month high of $1,369.57. The stock has a market capitalization of $72.11 billion, a PE ratio of 51.12, a price-to-earnings-growth ratio of 2.20 and a beta of 1.39. The business has a 50 day simple moving average of $1,300.46 and a 200-day simple moving average of $1,181.65.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.42 by $0.57. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the firm earned $5.39 EPS. TransDigm Group’s revenue was up 20.5% on a year-over-year basis. On average, equities research analysts anticipate that TransDigm Group Incorporated will post 29.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Barclays boosted their price target on TransDigm Group from $1,250.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Monday, May 13th. JPMorgan Chase & Co. increased their price target on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the company a “neutral” rating in a report on Wednesday, March 27th. Bank of America raised their price objective on TransDigm Group from $1,310.00 to $1,460.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Citigroup increased their price target on TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Finally, Robert W. Baird boosted their price objective on shares of TransDigm Group from $1,290.00 to $1,357.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,410.13.

Insider Transactions at TransDigm Group

In other news, insider Jessica L. Warren sold 925 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the sale, the insider now owns 50 shares of the company’s stock, valued at $66,967. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,439,160. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jessica L. Warren sold 925 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the transaction, the insider now directly owns 50 shares in the company, valued at $66,967. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,833 shares of company stock valued at $131,249,183. 4.96% of the stock is currently owned by corporate insiders.

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.