TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado reduced its stake in TransDigm Group Incorporated (NYSE:TDG) by 2.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,744 shares of the aerospace company’s stock after selling 179 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in TransDigm Group were worth $9,894,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of TransDigm Group by 0.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 966 shares of the aerospace company’s stock worth $1,190,000 after acquiring an additional 8 shares during the last quarter. Team Hewins LLC lifted its holdings in TransDigm Group by 3.0% during the 1st quarter. Team Hewins LLC now owns 275 shares of the aerospace company’s stock worth $339,000 after buying an additional 8 shares in the last quarter. Souders Financial Advisors lifted its holdings in TransDigm Group by 1.1% during the 1st quarter. Souders Financial Advisors now owns 767 shares of the aerospace company’s stock worth $945,000 after buying an additional 8 shares in the last quarter. Bennett Selby Investments LP raised its holdings in shares of TransDigm Group by 2.4% in the 2nd quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company’s stock valued at $429,000 after purchasing an additional 8 shares in the last quarter. Finally, Checchi Capital Advisers LLC raised its holdings in shares of TransDigm Group by 1.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 918 shares of the aerospace company’s stock valued at $1,131,000 after purchasing an additional 9 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of TransDigm Group from $1,435.00 to $1,524.00 and gave the company a “buy” rating in a report on Thursday, June 20th. StockNews.com lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 5th. UBS Group dropped their target price on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. JPMorgan Chase & Co. increased their target price on shares of TransDigm Group from $1,350.00 to $1,435.00 and gave the company a “neutral” rating in a research report on Wednesday, September 4th. Finally, Wells Fargo & Company dropped their target price on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 7th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,438.24.

Insiders Place Their Bets

In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares in the company, valued at $10,019,981.92. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares in the company, valued at $10,019,981.92. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,545 shares of company stock worth $46,454,828. Insiders own 4.96% of the company’s stock.

TransDigm Group Stock Up 1.3 %

Shares of NYSE TDG opened at $1,408.03 on Friday. TransDigm Group Incorporated has a 52 week low of $802.46 and a 52 week high of $1,419.99. The firm has a 50-day moving average price of $1,294.01 and a 200 day moving average price of $1,275.77. The stock has a market capitalization of $78.79 billion, a price-to-earnings ratio of 55.85, a price-to-earnings-growth 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 EPS for the quarter, beating the consensus estimate of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the business earned $6.55 earnings per share. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. Equities research analysts expect that TransDigm Group Incorporated will post 30.69 EPS for the current fiscal year.

TransDigm Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be paid a $75.00 dividend. This is a boost from TransDigm Group’s previous dividend of $32.50. The ex-dividend date is Friday, October 4th.

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.