Toronto Dominion Bank Has $34.63 Million Stake in TransDigm Group Incorporated (NYSE:TDG)

Toronto Dominion Bank boosted its stake in TransDigm Group Incorporated (NYSE:TDG) by 20.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,327 shares of the aerospace company’s stock after buying an additional 4,651 shares during the quarter. Toronto Dominion Bank’s holdings in TransDigm Group were worth $34,630,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TDG. Norges Bank acquired a new stake in TransDigm Group in the 4th quarter valued at $973,353,000. Proficio Capital Partners LLC grew its holdings in shares of TransDigm Group by 286,247.1% during the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock worth $925,349,000 after purchasing an additional 729,930 shares during the last quarter. Edgewood Management LLC bought a new stake in shares of TransDigm Group during the fourth quarter worth $399,595,000. JPMorgan Chase & Co. grew its holdings in shares of TransDigm Group by 10.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock worth $2,793,908,000 after purchasing an additional 206,822 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of TransDigm Group by 9.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock worth $2,694,585,000 after purchasing an additional 185,422 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Up 1.2%

TransDigm Group stock opened at $1,422.28 on Monday. The business’s 50-day simple moving average is $1,360.42 and its 200 day simple moving average is $1,324.25. The stock has a market cap of $79.89 billion, a price-to-earnings ratio of 50.17, a P/E/G ratio of 2.76 and a beta of 1.09. TransDigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,488.54.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.83 by $0.28. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter last year, the business earned $7.99 earnings per share. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. As a group, sell-side analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,300 shares of the firm’s stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $1,321.80, for a total transaction of $4,361,940.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,758,480. This trade represents a 47.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total value of $7,200,768.96. Following the transaction, the director now owns 21,548 shares in the company, valued at approximately $28,355,659.64. This trade represents a 20.25% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 150,485 shares of company stock worth $208,214,992. Insiders own 4.09% of the company’s stock.

Analyst Upgrades and Downgrades

TDG has been the topic of several research analyst reports. Northcoast Research upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 target price on the stock in a report on Wednesday, April 9th. Wells Fargo & Company increased their target price on TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Truist Financial decreased their target price on TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Susquehanna increased their target price on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Wednesday, April 2nd. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,490.20.

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.