Pictet Asset Management Holding SA boosted its stake in Transdigm Group Incorporated (NYSE:TDG – Free Report) by 54.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 54,729 shares of the aerospace company’s stock after buying an additional 19,400 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Transdigm Group were worth $59,250,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new position in Transdigm Group during the 2nd quarter worth $6,489,039,000. Stockbridge Partners LLC bought a new stake in shares of Transdigm Group in the 2nd quarter worth $578,480,000. Primecap Management Co. CA purchased a new stake in shares of Transdigm Group in the second quarter valued at about $546,425,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Transdigm Group in the second quarter valued at about $522,754,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Transdigm Group during the second quarter valued at about $424,587,000. 95.78% of the stock is owned by hedge funds and other institutional investors.
Transdigm Group Price Performance
Shares of Transdigm Group stock opened at $1,221.45 on Tuesday. The firm has a market cap of $68.32 billion, a PE ratio of 37.06, a P/E/G ratio of 1.74 and a beta of 0.98. Transdigm Group Incorporated has a 1 year low of $1,071.25 and a 1 year high of $1,463.03. The stock has a fifty day moving average price of $1,130.72 and a 200-day moving average price of $1,222.01.
Analyst Upgrades and Downgrades
TDG has been the topic of several analyst reports. Morgan Stanley cut their price target on shares of Transdigm Group from $1,400.00 to $1,300.00 and set an “equal weight” rating on the stock in a report on Monday, October 19th. BMO Capital Markets reduced their price objective on shares of Transdigm Group from $1,525.00 to $1,400.00 and set an “outperform” rating for the company in a research report on Monday, September 28th. Melius Research cut shares of Transdigm Group from a “buy” rating to a “hold” rating and set a $1,331.00 target price on the stock. in a research report on Monday, September 14th. Guggenheim assumed coverage on Transdigm Group in a research note on Tuesday, September 15th. They issued a “neutral” rating on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Transdigm Group in a report on Friday, August 28th. Five research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $1,428.40.
View Our Latest Analysis on TDG
Insider Activity
In related news, COO Joel Reiss sold 4,100 shares of the stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $1,128.04, for a total transaction of $4,624,964.00. Following the completion of the transaction, the chief operating officer owned 3,600 shares in the company, valued at approximately $4,060,944. This represents a 53.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W. Howley sold 10,132 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $1,236.28, for a total transaction of $12,525,988.96. Following the sale, the director owned 21,548 shares of the company’s stock, valued at $26,639,361.44. This trade represents a 31.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 22,032 shares of company stock valued at $26,250,979. 3.20% of the stock is owned by company insiders.
About Transdigm Group
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