TransDigm Group Incorporated (NYSE:TDG) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can increased its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 35.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 75,592 shares of the aerospace company’s stock after purchasing an additional 19,829 shares during the quarter. Bank of Montreal Can owned 0.14% of TransDigm Group worth $100,671,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TDG. D.A. Davidson & CO. acquired a new stake in shares of TransDigm Group during the fourth quarter worth $291,000. Commerce Bank raised its position in TransDigm Group by 27.5% in the fourth quarter. Commerce Bank now owns 2,230 shares of the aerospace company’s stock worth $2,256,000 after acquiring an additional 481 shares in the last quarter. Orion Portfolio Solutions LLC raised its position in TransDigm Group by 22.7% in the fourth quarter. Orion Portfolio Solutions LLC now owns 594 shares of the aerospace company’s stock worth $592,000 after acquiring an additional 110 shares in the last quarter. Hsbc Holdings PLC raised its position in TransDigm Group by 58.0% in the fourth quarter. Hsbc Holdings PLC now owns 86,954 shares of the aerospace company’s stock worth $87,923,000 after acquiring an additional 31,909 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in TransDigm Group by 17.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,791 shares of the aerospace company’s stock worth $6,870,000 after acquiring an additional 988 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price objective on TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Bank of America increased their price objective on 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. Morgan Stanley increased their price objective on 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. Truist Financial raised their price target on TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Finally, UBS Group dropped their price target 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. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,438.24.

Insiders Place Their Bets

In other TransDigm Group 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 value of $3,724,800.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,469,760. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group 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 transaction, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $29,659,098.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,469,760. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,545 shares of company stock valued at $46,454,828. Insiders own 4.96% of the company’s stock.

TransDigm Group Stock Up 0.2 %

TDG opened at $1,420.90 on Wednesday. The firm has a market cap of $79.73 billion, a P/E ratio of 56.36, a PEG ratio of 2.23 and a beta of 1.42. TransDigm Group Incorporated has a 52 week low of $802.46 and a 52 week high of $1,423.02. The business’s fifty day simple moving average is $1,300.33 and its 200 day simple moving average is $1,280.03.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, 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 quarter last year, the company earned $6.55 earnings per share. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, equities analysts expect that TransDigm Group Incorporated will post 30.7 EPS for the current fiscal year.

TransDigm Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be paid a $75.00 dividend. This is a positive change from TransDigm Group’s previous dividend of $32.50. The ex-dividend date of this dividend is Friday, October 4th.

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.