Mitsubishi UFJ Asset Management Co. Ltd. Acquires 7,922 Shares of Transdigm Group Incorporated $TDG

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Transdigm Group Incorporated (NYSE:TDG) by 7.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 109,022 shares of the aerospace company’s stock after buying an additional 7,922 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.19% of Transdigm Group worth $165,783,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TDG. Nuveen LLC bought a new stake in shares of Transdigm Group in the first quarter valued at approximately $168,048,000. Bain Capital Public Equity Management II LLC acquired a new position in Transdigm Group during the 1st quarter valued at $157,890,000. Vanguard Group Inc. raised its stake in Transdigm Group by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company’s stock valued at $8,797,619,000 after purchasing an additional 89,121 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Transdigm Group by 56.9% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 196,866 shares of the aerospace company’s stock valued at $299,362,000 after purchasing an additional 71,399 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Transdigm Group by 32.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 273,924 shares of the aerospace company’s stock worth $378,917,000 after purchasing an additional 67,547 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Morgan Stanley dropped their price objective on shares of Transdigm Group from $1,750.00 to $1,600.00 and set an “overweight” rating on the stock in a report on Wednesday, October 15th. JPMorgan Chase & Co. lifted their target price on Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Royal Bank Of Canada lowered Transdigm Group from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $1,550.00 to $1,385.00 in a research note on Monday, September 8th. KeyCorp reduced their price objective on Transdigm Group from $1,700.00 to $1,600.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Finally, Truist Financial decreased their price objective on Transdigm Group from $1,730.00 to $1,647.00 and set a “buy” rating on the stock in a report on Wednesday, October 15th. Twelve equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,564.56.

Insider Transactions at Transdigm Group

In other news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $1,279.59, for a total value of $3,838,770.00. Following the sale, the chief operating officer owned 3,600 shares in the company, valued at approximately $4,606,524. The trade was a 45.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director W Nicholas Howley sold 2,736 shares of the company’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $1,298.87, for a total transaction of $3,553,708.32. Following the completion of the sale, the director directly owned 21,548 shares in the company, valued at approximately $27,988,050.76. The trade was a 11.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 22,802 shares of company stock valued at $29,917,993. 4.09% of the stock is owned by insiders.

Transdigm Group Stock Up 1.1%

Shares of TDG opened at $1,284.99 on Friday. The company has a 50-day moving average price of $1,296.85 and a two-hundred day moving average price of $1,404.99. The stock has a market cap of $72.41 billion, a price-to-earnings ratio of 42.65, a P/E/G ratio of 3.25 and a beta of 1.02. Transdigm Group Incorporated has a 12 month low of $1,183.60 and a 12 month high of $1,623.82.

Transdigm Group Increases Dividend

The business also recently declared a special dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were paid a $90.00 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a positive change from Transdigm Group’s previous special dividend of $75.00.

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.