Raymond James Trust N.A. Sells 44 Shares of TransDigm Group Incorporated (NYSE:TDG)

Raymond James Trust N.A. decreased its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 2.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 2,079 shares of the aerospace company’s stock after selling 44 shares during the period. Raymond James Trust N.A.’s holdings in TransDigm Group were worth $2,656,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Sigma Investment Counselors Inc. grew its stake in TransDigm Group by 7.4% in the second quarter. Sigma Investment Counselors Inc. now owns 3,470 shares of the aerospace company’s stock worth $4,433,000 after purchasing an additional 239 shares during the period. Vivid Wealth Management LLC grew its position in shares of TransDigm Group by 204.6% in the 2nd quarter. Vivid Wealth Management LLC now owns 1,383 shares of the aerospace company’s stock worth $1,767,000 after buying an additional 929 shares during the period. TrueWealth Advisors LLC bought a new position in shares of TransDigm Group in the 2nd quarter worth about $250,000. Everhart Financial Group Inc. lifted its position in TransDigm Group by 13.1% during the 2nd quarter. Everhart Financial Group Inc. now owns 519 shares of the aerospace company’s stock valued at $663,000 after acquiring an additional 60 shares during the period. Finally, Premier Path Wealth Partners LLC boosted its stake in TransDigm Group by 3.1% during the second quarter. Premier Path Wealth Partners LLC now owns 497 shares of the aerospace company’s stock worth $635,000 after acquiring an additional 15 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Insider Buying and Selling

In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were 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 directly owns 8,158 shares in the company, valued at $10,019,981.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Jessica L. Warren sold 925 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 50 shares in the company, valued at $66,967. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction that occurred 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 directly owns 8,158 shares in the company, valued at $10,019,981.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,708 shares of company stock valued at $133,146,005. 4.96% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. KeyCorp raised their target price on shares of 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. UBS Group reduced their price objective on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft boosted their target price on TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Wells Fargo & Company lowered their price target on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. Finally, Barclays lifted their target price on shares of TransDigm Group from $1,250.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Monday, May 13th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,422.94.

TransDigm Group Price Performance

Shares of TDG traded down $4.70 on Monday, reaching $1,321.98. The company’s stock had a trading volume of 8,055 shares, compared to its average volume of 224,230. 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 $73.98 billion, a P/E ratio of 52.63, a PEG ratio of 2.02 and a beta of 1.38. The stock’s 50 day simple moving average is $1,271.82 and its two-hundred day simple moving average is $1,250.03.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, topping the consensus estimate of $7.77 by $1.23. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. TransDigm Group’s revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the business posted $6.55 EPS. Analysts expect that TransDigm Group Incorporated will post 30.58 earnings per share for the current year.

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.