Chesley Taft & Associates LLC Has $3.80 Million Position in TransDigm Group Incorporated (NYSE:TDG)

Chesley Taft & Associates LLC increased its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 4.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,664 shares of the aerospace company’s stock after purchasing an additional 117 shares during the quarter. Chesley Taft & Associates LLC’s holdings in TransDigm Group were worth $3,802,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TDG. Fortitude Family Office LLC increased its holdings 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 worth $29,000 after buying an additional 17 shares in the last quarter. ORG Partners LLC acquired a new position in TransDigm Group in the 1st quarter worth about $30,000. Meeder Asset Management Inc. increased its holdings in TransDigm Group by 275.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 22 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in TransDigm Group in the first quarter valued at about $39,000. Finally, Hershey Financial Advisers LLC acquired a new stake in shares of TransDigm Group during the second quarter valued at about $41,000. Institutional investors own 95.78% of the company’s stock.

Insider Activity

In related news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group 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 completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,186,078.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director W Nicholas Howley sold 5,073 shares of TransDigm Group stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at $26,769,080.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction on Friday, July 12th. The stock was sold at an average price of $1,248.60, for a total transaction of $12,486,000.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,186,078.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,545 shares of company stock worth $46,454,828 over the last quarter. 4.96% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Truist Financial raised their price objective on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. UBS Group cut their price target on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Morgan Stanley boosted their price objective on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Susquehanna raised their target price on TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Finally, Jefferies Financial Group reduced their price target on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, TransDigm Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,441.35.

TransDigm Group Stock Up 0.1 %

TransDigm Group stock opened at $1,356.55 on Tuesday. The company has a market capitalization of $75.91 billion, a PE ratio of 53.81, a PEG ratio of 1.87 and a beta of 1.43. TransDigm Group Incorporated has a 12-month low of $811.42 and a 12-month high of $1,451.32. The firm’s fifty day moving average is $1,326.86 and its 200 day moving average is $1,292.90.

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 the consensus estimate of $7.77 by $1.23. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.55 earnings per share. Sell-side analysts expect that TransDigm Group Incorporated will post 30.7 EPS for the current fiscal year.

TransDigm Group Increases Dividend

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

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.