Massmutual Trust Co. FSB ADV Sells 9 Shares of TransDigm Group Incorporated (NYSE:TDG)

Massmutual Trust Co. FSB ADV lessened its stake in TransDigm Group Incorporated (NYSE:TDG) by 5.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 160 shares of the aerospace company’s stock after selling 9 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in TransDigm Group were worth $228,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TDG. Capital World Investors grew 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 buying an additional 442,182 shares during the period. JPMorgan Chase & Co. grew its holdings in 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 purchasing an additional 192,962 shares during the period. Darsana Capital Partners LP bought a new stake in TransDigm Group in the second quarter valued at approximately $210,806,000. Argent Capital Management LLC acquired a new stake in TransDigm Group in the first quarter worth $75,910,000. Finally, Vanguard Group Inc. raised its holdings in TransDigm Group by 1.0% in the first quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock worth $7,447,587,000 after purchasing an additional 58,243 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Activity

In related news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $10,186,078.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director W Nicholas Howley sold 5,073 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at approximately $26,769,080.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,186,078.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 36,545 shares of company stock valued at $46,454,828 over the last three months. Insiders own 4.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TDG shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the company a “buy” rating in a report on Thursday. Wells Fargo & Company lowered their price target on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a report on Wednesday, August 7th. Susquehanna raised their price target 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. JPMorgan Chase & Co. boosted their price objective on 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, StockNews.com downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,441.35.

TransDigm Group Price Performance

Shares of NYSE:TDG opened at $1,355.46 on Friday. The stock has a market capitalization of $76.05 billion, a PE ratio of 53.77, a price-to-earnings-growth ratio of 1.87 and a beta of 1.43. The company’s 50-day moving average price is $1,326.86 and its two-hundred day moving average price is $1,292.36. TransDigm Group Incorporated has a one year low of $811.42 and a one year high of $1,451.32.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.77 by $1.23. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. TransDigm Group’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.55 earnings per share. On average, analysts anticipate that TransDigm Group Incorporated will post 30.7 earnings per share for the current fiscal year.

TransDigm Group Increases Dividend

The firm also recently disclosed 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 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.