Transdigm Group Incorporated $TDG Shares Bought by Equitable Trust Co.

Equitable Trust Co. increased its holdings in Transdigm Group Incorporated (NYSE:TDG) by 9.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,897 shares of the aerospace company’s stock after purchasing an additional 567 shares during the quarter. Equitable Trust Co.’s holdings in Transdigm Group were worth $7,993,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Transdigm Group in the fourth quarter valued at $1,025,591,000. Franklin Resources Inc. boosted its stake in shares of Transdigm Group by 161.7% during 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. Capital Research Global Investors boosted its stake in shares of Transdigm Group by 12.2% during the 4th quarter. Capital Research Global Investors now owns 2,476,661 shares of the aerospace company’s stock worth $3,293,527,000 after acquiring an additional 268,824 shares in the last quarter. Temasek Holdings Private Ltd acquired a new position in shares of Transdigm Group in the 4th quarter worth $193,544,000. Finally, Veritas Asset Management LLP acquired a new position in shares of Transdigm Group in the 4th quarter worth $188,629,000. 95.78% of the stock is currently owned by institutional investors.

Transdigm Group Stock Performance

Shares of NYSE TDG opened at $1,294.84 on Friday. The stock has a market cap of $72.42 billion, a price-to-earnings ratio of 40.41, a PEG ratio of 2.26 and a beta of 0.90. The business has a 50 day simple moving average of $1,254.11 and a 200 day simple moving average of $1,277.12. Transdigm Group Incorporated has a 52 week low of $1,123.61 and a 52 week high of $1,623.82.

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

Analysts Set New Price Targets

A number of research firms recently weighed in on TDG. Jefferies Financial Group increased their price target on Transdigm Group from $1,565.00 to $1,575.00 in a research report on Monday, May 11th. BMO Capital Markets boosted their price objective on Transdigm Group from $1,450.00 to $1,525.00 and gave the stock an “outperform” rating in a report on Thursday, July 2nd. 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 for the company. Morgan Stanley upped 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, Susquehanna decreased 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 report on Wednesday, May 6th. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,518.25.

Insiders Place Their Bets

In related news, COO Joel Reiss sold 3,900 shares of Transdigm Group stock in a transaction on Monday, June 15th. The shares were sold at an average price of $1,276.78, for a total value of $4,979,442.00. Following the completion of the sale, the chief operating officer owned 3,600 shares of the company’s stock, valued at approximately $4,596,408. The trade was a 52.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director W Nicholas Howley sold 10,132 shares of the company’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $1,265.06, for a total transaction of $12,817,587.92. Following the completion of the sale, the director owned 21,548 shares of the company’s stock, valued at $27,259,512.88. This represents a 31.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 42,096 shares of company stock worth $52,625,524 in the last 90 days. 3.20% of the stock is owned by insiders.

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.