Transdigm Group Incorporated (NYSE:TDG) Shares Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC raised its position in Transdigm Group Incorporated (NYSE:TDG) by 32.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 4,354 shares of the aerospace company’s stock after purchasing an additional 1,056 shares during the period. Frank Rimerman Advisors LLC’s holdings in Transdigm Group were worth $6,023,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC lifted its stake in Transdigm Group by 111.1% in the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company’s stock valued at $26,000 after buying an additional 10 shares during the last quarter. Winch Advisory Services LLC lifted its stake in Transdigm Group by 53.8% in the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company’s stock valued at $28,000 after buying an additional 7 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in Transdigm Group in the fourth quarter valued at approximately $32,000. Wayfinding Financial LLC purchased a new stake in Transdigm Group in the first quarter valued at approximately $75,000. Finally, CVA Family Office LLC lifted its stake in Transdigm Group by 123.1% in the first quarter. CVA Family Office LLC now owns 58 shares of the aerospace company’s stock valued at $80,000 after buying an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Transdigm Group Stock Performance

NYSE:TDG opened at $1,392.54 on Friday. The stock has a fifty day moving average price of $1,507.43 and a two-hundred day moving average price of $1,410.61. The stock has a market capitalization of $78.47 billion, a price-to-earnings ratio of 46.22, a PEG ratio of 2.89 and a beta of 1.07. Transdigm Group Incorporated has a 1 year low of $1,183.60 and a 1 year high of $1,623.82.

Transdigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.75 by ($0.15). The business had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.00 EPS. On average, analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Analyst Ratings Changes

TDG has been the subject of a number of research reports. Susquehanna boosted their price objective on Transdigm Group from $1,300.00 to $1,600.00 and gave the company a “neutral” rating in a research note on Monday, July 14th. Stifel Nicolaus started coverage on Transdigm Group in a research note on Tuesday, June 24th. They set a “buy” rating and a $1,710.00 price target for the company. Wells Fargo & Company upped their price target on Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. The Goldman Sachs Group upped their price target on Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a “buy” rating in a research note on Monday, June 23rd. Finally, UBS Group upped their price target on Transdigm Group from $1,815.00 to $1,839.00 and gave the stock a “buy” rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,616.86.

Insider Transactions at Transdigm Group

In other Transdigm Group news, Director W Nicholas Howley sold 2,736 shares of the company’s stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $1,569.86, for a total value of $4,295,136.96. Following the sale, the director owned 21,548 shares of the company’s stock, valued at approximately $33,827,343.28. This represents a 11.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $1,434.35, for a total value of $4,303,050.00. Following the completion of the sale, the chief operating officer directly owned 3,600 shares in the company, valued at $5,163,660. This trade represents a 45.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,872 shares of company stock valued at $100,747,061 in the last three months. Insiders own 4.09% of the company’s stock.

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.