Rockefeller Capital Management L.P. Sells 4,269 Shares of TransDigm Group Incorporated (NYSE:TDG)

Rockefeller Capital Management L.P. lessened its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 29.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,452 shares of the aerospace company’s stock after selling 4,269 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in TransDigm Group were worth $13,246,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TDG. Resonant Capital Advisors LLC raised its position in shares of TransDigm Group by 1.8% during the fourth quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock worth $585,000 after purchasing an additional 8 shares during the period. Quent Capital LLC increased its stake in TransDigm Group by 6.5% during the 4th quarter. Quent Capital LLC now owns 132 shares of the aerospace company’s stock worth $167,000 after purchasing an additional 8 shares in the last quarter. Lindbrook Capital LLC raised its holdings in TransDigm Group by 3.6% during the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company’s stock worth $293,000 after buying an additional 8 shares during the period. CX Institutional boosted its holdings in shares of TransDigm Group by 5.4% in the fourth quarter. CX Institutional now owns 175 shares of the aerospace company’s stock valued at $222,000 after buying an additional 9 shares during the period. Finally, Western Financial Corp CA increased its position in shares of TransDigm Group by 0.6% during the fourth quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company’s stock worth $1,902,000 after acquiring an additional 9 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Stock Up 1.7 %

Shares of NYSE TDG opened at $1,360.10 on Wednesday. The business’s 50 day moving average price is $1,337.24 and its two-hundred day moving average price is $1,323.23. The company has a market cap of $76.28 billion, a PE ratio of 47.98, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,451.32.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the previous year, the firm earned $7.16 EPS. The firm’s revenue was up 12.1% compared to the same quarter last year. As a group, research analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In related news, Director Robert J. Small sold 3,650 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $1,322.19, for a total value of $4,825,993.50. Following the transaction, the director now owns 15,539 shares in the company, valued at approximately $20,545,510.41. This represents a 19.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,892,616. This represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 124,594 shares of company stock worth $167,165,496 over the last ninety days. Insiders own 4.09% of the company’s stock.

Wall Street Analyst Weigh In

TDG has been the topic of several research reports. Barclays reaffirmed an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Truist Financial upped their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company lowered their price objective on shares of TransDigm Group from $1,410.00 to $1,375.00 and set an “overweight” rating on the stock in a report on Tuesday. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,469.83.

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.