Exxonmobil Investment Management Inc. TX cut its position in shares of TransDigm Group Inc. (NYSE:TDG) by 6.8% during the third quarter, Holdings Channel reports. The institutional investor owned 12,784 shares of the company’s stock after selling 930 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in TransDigm Group were worth $3,696,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Evercore Wealth Management LLC raised its position in TransDigm Group by 5.0% in the second quarter. Evercore Wealth Management LLC now owns 1,250 shares of the company’s stock worth $329,000 after buying an additional 60 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of TransDigm Group during the second quarter valued at $564,000. Kentucky Retirement Systems purchased a new stake in shares of TransDigm Group during the second quarter valued at $1,188,000. Northwestern Mutual Investment Management Company LLC purchased a new stake in shares of TransDigm Group during the second quarter valued at $533,000. Finally, Mason Street Advisors LLC purchased a new stake in shares of TransDigm Group during the second quarter valued at $1,882,000.
Shares of TransDigm Group Inc. (NYSE:TDG) traded down 0.60% during mid-day trading on Monday, hitting $258.48. 507,246 shares of the company’s stock traded hands. TransDigm Group Inc. has a 1-year low of $180.76 and a 1-year high of $294.38. The stock has a market cap of $13.79 billion, a P/E ratio of 24.88 and a beta of 0.61. The stock has a 50 day moving average price of $268.21 and a 200-day moving average price of $271.59.
TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Monday, November 14th. The company reported $3.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.20 by $0.09. TransDigm Group had a net margin of 17.30% and a negative return on equity of 71.44%. The business had revenue of $875.20 million for the quarter, compared to analysts’ expectations of $884.26 million. During the same quarter last year, the company earned $2.83 EPS. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. Equities research analysts anticipate that TransDigm Group Inc. will post $12.30 EPS for the current fiscal year.
The company also recently disclosed a special dividend, which was paid on Tuesday, November 1st. Investors of record on Monday, October 24th were issued a $24.00 dividend. The ex-dividend date of this dividend was Thursday, October 20th.
Several analysts have recently weighed in on the stock. Canaccord Genuity reaffirmed a “buy” rating and issued a $325.00 target price on shares of TransDigm Group in a report on Wednesday, September 7th. Zacks Investment Research downgraded shares of TransDigm Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. Deutsche Bank AG lifted their target price on shares of TransDigm Group from $260.00 to $300.00 and gave the company a “hold” rating in a report on Wednesday, August 10th. Barclays PLC lifted their target price on shares of TransDigm Group from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Wednesday, August 10th. Finally, Robert W. Baird assumed coverage on shares of TransDigm Group in a report on Wednesday, October 5th. They issued an “outperform” rating and a $341.00 target price on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $262.33.
In related news, insider Bernt G. Iversen II sold 10,000 shares of the stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $287.16, for a total value of $2,871,600.00. Following the sale, the insider now owns 15,010 shares of the company’s stock, valued at approximately $4,310,271.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Peter Palmer sold 20,500 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $281.84, for a total transaction of $5,777,720.00. Following the transaction, the insider now directly owns 14,000 shares in the company, valued at approximately $3,945,760. The disclosure for this sale can be found here. 9.30% of the stock is currently owned by corporate insiders.
TransDigm Group Company Profile
TransDigm Group Incorporated (TransDigm) is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft. The Company operates through three segments: Power & Control, Airframe and Non-aviation. Its Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.