Mount Yale Investment Advisors LLC Trims Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Mount Yale Investment Advisors LLC decreased its position in TransDigm Group Incorporated (NYSE:TDG) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 680 shares of the aerospace company’s stock after selling 20 shares during the period. Mount Yale Investment Advisors LLC’s holdings in TransDigm Group were worth $869,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TDG. Vanguard Group Inc. increased its stake in TransDigm Group by 1.0% during the first quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock worth $7,447,587,000 after acquiring an additional 58,243 shares during the last quarter. Capital World Investors increased its position in shares of 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 purchasing an additional 442,182 shares during the last quarter. Capital Research Global Investors raised its holdings 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 valued at $2,420,882,000 after buying an additional 30,393 shares during the period. JPMorgan Chase & Co. increased its position in shares of TransDigm Group by 13.1% during the first quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock valued at $2,056,109,000 after acquiring an additional 192,962 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of TransDigm Group by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 320,771 shares of the aerospace company’s stock valued at $409,821,000 after acquiring an additional 1,035 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. StockNews.com downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Northcoast Research began coverage on TransDigm Group in a research note on Thursday, August 1st. They issued a “neutral” rating for the company. Royal Bank of Canada reissued an “outperform” rating and set a $1,500.00 target price on shares of TransDigm Group in a research note on Wednesday, August 7th. Stifel Nicolaus lifted their target price on TransDigm Group from $1,300.00 to $1,325.00 and gave the company a “hold” rating in a research report on Friday, June 7th. Finally, 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 research report on Wednesday, August 7th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,438.24.

TransDigm Group Stock Performance

Shares of NYSE TDG opened at $1,408.03 on Monday. The stock’s 50-day simple moving average is $1,294.01 and its 200-day simple moving average is $1,276.52. The firm has a market capitalization of $78.79 billion, a PE ratio of 55.85, a price-to-earnings-growth ratio of 2.16 and a beta of 1.42. TransDigm Group Incorporated has a fifty-two week low of $802.46 and a fifty-two week high of $1,419.99.

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

TransDigm Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be given a dividend of $75.00 per share. The ex-dividend date is Friday, October 4th. This is a boost from TransDigm Group’s previous dividend of $32.50.

Insider Activity

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at $29,659,098.16. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,469,760. The transaction was disclosed in a 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 that occurred on Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $29,659,098.16. The disclosure for this sale can be found here. In the last three months, insiders sold 36,545 shares of company stock valued at $46,454,828. Insiders own 4.96% of the company’s stock.

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.