Pictet Asset Management Holding SA Sells 1,367 Shares of Transdigm Group Incorporated $TDG

Pictet Asset Management Holding SA decreased its holdings in shares of Transdigm Group Incorporated (NYSE:TDG) by 3.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 38,065 shares of the aerospace company’s stock after selling 1,367 shares during the period. Pictet Asset Management Holding SA’s holdings in Transdigm Group were worth $44,099,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TDG. Union Bancaire Privee UBP SA boosted its position in shares of Transdigm Group by 4.4% during the 1st quarter. Union Bancaire Privee UBP SA now owns 1,013 shares of the aerospace company’s stock valued at $1,174,000 after acquiring an additional 43 shares during the last quarter. GHP Investment Advisors Inc. grew its holdings in shares of Transdigm Group by 31.1% during the first quarter. GHP Investment Advisors Inc. now owns 413 shares of the aerospace company’s stock worth $479,000 after purchasing an additional 98 shares in the last quarter. Haven Capital Group Inc. increased its position in shares of Transdigm Group by 10.0% in the first quarter. Haven Capital Group Inc. now owns 703 shares of the aerospace company’s stock worth $815,000 after purchasing an additional 64 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in Transdigm Group in the first quarter valued at approximately $3,361,000. Finally, Kestra Private Wealth Services LLC lifted its position in Transdigm Group by 1.0% during the first quarter. Kestra Private Wealth Services LLC now owns 986 shares of the aerospace company’s stock valued at $1,142,000 after purchasing an additional 10 shares during the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TDG has been the subject of a number of research reports. Royal Bank Of Canada cut their price target on shares of Transdigm Group from $1,400.00 to $1,350.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. Susquehanna cut their target price on shares of Transdigm Group from $1,400.00 to $1,350.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Wells Fargo & Company initiated coverage on Transdigm Group in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $1,200.00 target price on the stock. Morgan Stanley raised their price target on Transdigm Group from $1,660.00 to $1,680.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, BNP Paribas Exane dropped their price target on Transdigm Group from $1,800.00 to $1,750.00 and set an “outperform” rating for the company in a research note on Thursday, May 14th. Nine equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Transdigm Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,513.56.

Insider Activity

In other news, Director W Nicholas Howley sold 10,132 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $1,319.55, for a total value of $13,369,680.60. Following the completion of the sale, the director owned 21,548 shares of the company’s stock, valued at approximately $28,433,663.40. The trade was a 31.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Joel Reiss sold 3,900 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $1,276.78, for a total value of $4,979,442.00. Following the transaction, the chief operating officer owned 3,600 shares in the company, valued at approximately $4,596,408. The trade was a 52.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 42,096 shares of company stock valued at $52,625,524. Company insiders own 3.20% of the company’s stock.

Transdigm Group Stock Performance

Shares of TDG opened at $1,326.39 on Wednesday. The firm has a market cap of $74.19 billion, a price-to-earnings ratio of 41.40, a PEG ratio of 2.31 and a beta of 0.91. Transdigm Group Incorporated has a fifty-two week low of $1,123.61 and a fifty-two week high of $1,623.82. The firm has a 50 day moving average price of $1,234.44 and a 200-day moving average price of $1,274.96.

Transdigm Group (NYSE:TDG) last released its earnings results on Tuesday, May 5th. The aerospace company reported $9.85 EPS for the quarter, beating the consensus estimate of $9.46 by $0.39. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.47 billion. Transdigm Group had a net margin of 20.24% and a negative return on equity of 26.49%. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the firm earned $9.11 EPS. Transdigm Group has set its FY 2026 guidance at 38.830-40.210 EPS. As a group, equities research analysts predict that Transdigm Group Incorporated will post 37.99 earnings per share for the current year.

Transdigm Group Company Profile

TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components and systems for commercial and military aerospace applications. The company’s product portfolio covers a broad range of mission-critical parts and subsystems, including mechanical and electromechanical components, ignition and fuel system parts, sensors and actuators, cockpit and cabin systems, and other safety-critical hardware. TransDigm supplies original equipment manufacturers (OEMs) as well as the aftermarket, providing spare parts, repair and overhaul services and component support throughout an asset’s life cycle.

TransDigm’s operating model places emphasis on proprietary, niche components that are difficult to replace, and the company operates through a collection of independently run subsidiaries and brands that sell specialized products.