Vestmark Advisory Solutions Inc. Increases Position in Transdigm Group Incorporated $TDG

Vestmark Advisory Solutions Inc. boosted its stake in Transdigm Group Incorporated (NYSE:TDG) by 42.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 444 shares of the aerospace company’s stock after acquiring an additional 133 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Transdigm Group were worth $675,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Nuveen LLC bought a new position in Transdigm Group in the 1st quarter worth about $168,048,000. Bain Capital Public Equity Management II LLC purchased a new stake in Transdigm Group in the first quarter worth approximately $157,890,000. Vanguard Group Inc. raised its position in Transdigm Group by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company’s stock worth $8,797,619,000 after purchasing an additional 89,121 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Transdigm Group by 56.9% during 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 acquiring an additional 71,399 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Transdigm Group by 32.7% in the first 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. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Transdigm Group Stock Up 0.3%

TDG stock opened at $1,292.88 on Wednesday. The firm has a market cap of $72.85 billion, a price-to-earnings ratio of 42.91, a PEG ratio of 3.25 and a beta of 1.02. The business’s fifty day simple moving average is $1,294.41 and its two-hundred day simple moving average is $1,404.22. Transdigm Group Incorporated has a twelve month low of $1,183.60 and a twelve month high of $1,623.82.

Transdigm Group Increases Dividend

The company also recently announced a special dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were issued a $90.00 dividend. This is a boost from Transdigm Group’s previous special dividend of $75.00. The ex-dividend date was Tuesday, September 2nd.

Analyst Ratings Changes

Several analysts have commented on the stock. BMO Capital Markets began coverage on shares of Transdigm Group in a report on Tuesday, September 30th. They issued an “outperform” rating and a $1,420.00 price objective for the company. JPMorgan Chase & Co. upped their target price on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. KeyCorp lowered their target price on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Royal Bank Of Canada lowered Transdigm Group from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $1,550.00 to $1,385.00 in a report on Monday, September 8th. Finally, Zacks Research cut shares of Transdigm Group from a “hold” rating to a “strong sell” rating in a research note on Monday, October 27th. Twelve research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,564.56.

Insider Activity

In other news, COO Patrick Joseph Murphy sold 290 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $1,310.00, for a total transaction of $379,900.00. Following the transaction, the chief operating officer owned 1,055 shares in the company, valued at $1,382,050. This represents a 21.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 22,802 shares of company stock worth $29,917,993. Company insiders own 4.09% of the company’s stock.

Transdigm Group Company 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.