Bank of New York Mellon Corp Purchases 49,379 Shares of Transdigm Group Incorporated $TDG

Bank of New York Mellon Corp boosted its position in shares of Transdigm Group Incorporated (NYSE:TDG) by 18.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 321,608 shares of the aerospace company’s stock after purchasing an additional 49,379 shares during the period. Bank of New York Mellon Corp’s holdings in Transdigm Group were worth $427,690,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vulcan Value Partners LLC grew its stake in Transdigm Group by 7.8% in the 3rd quarter. Vulcan Value Partners LLC now owns 249,643 shares of the aerospace company’s stock worth $328,977,000 after acquiring an additional 18,048 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Transdigm Group by 2.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 73,818 shares of the aerospace company’s stock worth $97,293,000 after acquiring an additional 1,706 shares in the last quarter. Thornburg Investment Management Inc. bought a new position in Transdigm Group in the 3rd quarter worth about $62,785,000. Franklin Resources Inc. grew its stake in Transdigm Group by 161.7% in the 3rd quarter. Franklin Resources Inc. now owns 475,489 shares of the aerospace company’s stock worth $626,704,000 after acquiring an additional 293,821 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in Transdigm Group in the 3rd quarter worth about $1,795,000. 95.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TDG. BMO Capital Markets dropped their price objective on shares of Transdigm Group from $1,550.00 to $1,450.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 31st. Wells Fargo & Company began coverage on shares of Transdigm Group in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $1,200.00 price objective on the stock. KeyCorp downgraded shares of Transdigm Group from an “overweight” rating to a “sector weight” rating in a research note on Thursday, February 5th. Morgan Stanley increased their price objective on shares of Transdigm Group from $1,660.00 to $1,680.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Transdigm Group from $1,306.00 to $1,350.00 and gave the company a “hold” rating in a research note on Wednesday, May 6th. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,524.18.

Insiders Place Their Bets

In other Transdigm Group news, Director W Nicholas Howley sold 10,132 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $1,213.05, for a total value of $12,290,622.60. Following the completion of the transaction, the director owned 21,548 shares of the company’s stock, valued at approximately $26,138,801.40. This trade represents a 31.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,900 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $1,154.09, for a total transaction of $4,500,951.00. Following the completion of the transaction, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at approximately $4,154,724. This represents a 52.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 42,096 shares of company stock valued at $51,417,454. Corporate insiders own 3.20% of the company’s stock.

Transdigm Group Stock Up 1.4%

NYSE:TDG opened at $1,228.12 on Friday. Transdigm Group Incorporated has a 52 week low of $1,123.61 and a 52 week high of $1,623.82. The firm has a 50 day moving average of $1,201.40 and a 200 day moving average of $1,281.72. The stock has a market capitalization of $68.69 billion, a price-to-earnings ratio of 38.33, a PEG ratio of 2.12 and a beta of 0.91.

Transdigm Group (NYSE:TDG) last posted its earnings results on Tuesday, May 5th. The aerospace company reported $9.85 EPS for the quarter, beating analysts’ consensus estimates of $9.46 by $0.39. Transdigm Group had a net margin of 20.24% and a negative return on equity of 26.49%. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter in the prior year, the company posted $9.11 earnings per share. Transdigm Group’s revenue for the quarter was up 18.3% compared to the same quarter last year. Transdigm Group has set its FY 2026 guidance at 38.830-40.210 EPS. As a group, analysts expect that Transdigm Group Incorporated will post 37.82 EPS for the current year.

About Transdigm Group

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.