Frank Rimerman Advisors LLC Raises Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Frank Rimerman Advisors LLC boosted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 109,600.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,291 shares of the aerospace company’s stock after acquiring an additional 3,288 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in TransDigm Group were worth $4,205,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Fortitude Family Office LLC boosted its stake in shares of TransDigm Group by 283.3% during the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 17 shares during the period. ORG Partners LLC bought a new stake in TransDigm Group during the 1st quarter valued at about $30,000. Meeder Asset Management Inc. boosted its position in TransDigm Group by 275.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after buying an additional 22 shares during the period. Central Pacific Bank Trust Division bought a new position in TransDigm Group in the 1st quarter worth about $39,000. Finally, Crewe Advisors LLC purchased a new position in shares of TransDigm Group during the first quarter worth approximately $46,000. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Up 1.3 %

NYSE:TDG opened at $1,408.03 on Friday. The firm has a fifty day simple moving average of $1,294.01 and a 200-day simple moving average of $1,275.77. TransDigm Group Incorporated has a 12 month low of $802.46 and a 12 month high of $1,419.99. The company has a market capitalization of $78.79 billion, a P/E ratio of 55.85, a PEG ratio of 2.16 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share 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 business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the prior year, the company earned $6.55 earnings per share. The company’s revenue was up 17.3% on a year-over-year basis. Equities analysts forecast that TransDigm Group Incorporated will post 30.69 EPS for the current year.

TransDigm Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be issued a $75.00 dividend. This is an increase from TransDigm Group’s previous dividend of $32.50. The ex-dividend date of this dividend is Friday, October 4th.

Insider Transactions at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $1,248.60, for a total value of $12,486,000.00. Following the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,186,078.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $1,248.60, for a total value of $12,486,000.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,186,078.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at approximately $29,659,098.16. The disclosure for this sale can be found here. Insiders have sold 36,545 shares of company stock worth $46,454,828 over the last 90 days. 4.96% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TDG has been the topic of several research analyst reports. Truist Financial increased their price objective on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Susquehanna raised their price target on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. StockNews.com downgraded TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Bank of America increased 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 report on Wednesday, May 29th. Finally, Northcoast Research initiated coverage on shares of TransDigm Group in a report on Thursday, August 1st. They issued a “neutral” rating for the company. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, TransDigm Group presently has an average rating of “Moderate Buy” and an average target price of $1,438.24.

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.