Cyndeo Wealth Partners LLC Cuts Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Cyndeo Wealth Partners LLC lowered its holdings in TransDigm Group Incorporated (NYSE:TDG) by 11.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,999 shares of the aerospace company’s stock after selling 261 shares during the period. Cyndeo Wealth Partners LLC’s holdings in TransDigm Group were worth $2,766,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Itau Unibanco Holding S.A. lifted its position in shares of TransDigm Group by 89.7% during the 4th quarter. Itau Unibanco Holding S.A. now owns 3,284 shares of the aerospace company’s stock valued at $4,202,000 after buying an additional 1,553 shares during the last quarter. Paragon Advisors LLC lifted its position in shares of TransDigm Group by 14.2% during the 1st quarter. Paragon Advisors LLC now owns 1,800 shares of the aerospace company’s stock valued at $2,490,000 after buying an additional 224 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of TransDigm Group by 4.7% during the 4th quarter. CIBC Asset Management Inc now owns 8,554 shares of the aerospace company’s stock valued at $10,840,000 after buying an additional 385 shares during the last quarter. DnB Asset Management AS lifted its position in shares of TransDigm Group by 2.5% during the 4th quarter. DnB Asset Management AS now owns 24,623 shares of the aerospace company’s stock valued at $31,204,000 after buying an additional 599 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its position in shares of TransDigm Group by 3.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 25,574 shares of the aerospace company’s stock valued at $32,409,000 after buying an additional 846 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Down 1.0%

Shares of NYSE TDG opened at $1,425.74 on Tuesday. The firm has a market capitalization of $80.08 billion, a P/E ratio of 50.29, a P/E/G ratio of 2.76 and a beta of 1.05. The stock’s 50-day simple moving average is $1,402.18 and its two-hundred day simple moving average is $1,345.74. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,488.54.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, topping analysts’ consensus estimates of $8.83 by $0.28. The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.17 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company earned $7.99 EPS. As a group, research analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on TDG. Wells Fargo & Company upped their price target on TransDigm Group from $1,375.00 to $1,540.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Northcoast Research raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price target on the stock in a research report on Wednesday, April 9th. Susquehanna upped their price target on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a research report on Wednesday, April 2nd. Wall Street Zen upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 17th. Finally, Truist Financial decreased their price objective on TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,505.23.

Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,300 shares of the 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 directly owns 3,600 shares in the company, valued at approximately $4,758,480. This represents a 47.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $1,346.30, for a total value of $7,366,953.60. Following the transaction, the director now owns 21,548 shares in the company, valued at $29,010,072.40. This trade represents a 20.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 139,413 shares of company stock worth $198,508,074 in the last ninety days. 4.09% of the stock is currently owned by insiders.

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.