Pictet Asset Management Ltd. Has $11.95 Million Stake in TransDigm Group Incorporated (NYSE:TDG)

Pictet Asset Management Ltd. decreased its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 2.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 24,702 shares of the aerospace company’s stock after selling 590 shares during the period. Pictet Asset Management Ltd.’s holdings in TransDigm Group were worth $11,951,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. lifted its stake in TransDigm Group by 2.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 1,125 shares of the aerospace company’s stock valued at $511,000 after acquiring an additional 27 shares during the last quarter. Commonwealth Bank of Australia lifted its stake in TransDigm Group by 65.9% in the second quarter. Commonwealth Bank of Australia now owns 73 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 29 shares during the last quarter. Raymond James Trust N.A. lifted its stake in TransDigm Group by 2.4% in the second quarter. Raymond James Trust N.A. now owns 1,679 shares of the aerospace company’s stock valued at $812,000 after acquiring an additional 40 shares during the last quarter. First Republic Investment Management Inc. raised its position in shares of TransDigm Group by 6.4% in the second quarter. First Republic Investment Management Inc. now owns 662 shares of the aerospace company’s stock valued at $320,000 after purchasing an additional 40 shares during the period. Finally, Hartford Investment Management Co. raised its position in shares of TransDigm Group by 0.8% in the second quarter. Hartford Investment Management Co. now owns 5,358 shares of the aerospace company’s stock valued at $2,592,000 after purchasing an additional 43 shares during the period. Institutional investors and hedge funds own 99.64% of the company’s stock.

In related news, Chairman W Nicholas Howley sold 17,083 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $521.36, for a total transaction of $8,906,392.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Robert S. Henderson sold 15,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $538.71, for a total transaction of $8,080,650.00. Following the transaction, the vice president now directly owns 40,000 shares in the company, valued at $21,548,400. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 273,700 shares of company stock worth $145,335,349. 11.89% of the stock is owned by insiders.

Several equities analysts have recently weighed in on TDG shares. UBS Group increased their price objective on shares of TransDigm Group to $605.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. SunTrust Banks increased their price objective on shares of TransDigm Group to $560.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Cowen reissued a “buy” rating and issued a $520.00 price objective on shares of TransDigm Group in a research report on Tuesday, August 6th. Credit Suisse Group increased their price objective on shares of TransDigm Group from $539.00 to $617.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, Morgan Stanley increased their price objective on shares of TransDigm Group from $520.00 to $570.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. TransDigm Group currently has a consensus rating of “Buy” and a consensus target price of $540.42.

Shares of TDG traded up $5.06 during trading hours on Friday, hitting $519.82. The company had a trading volume of 259,295 shares, compared to its average volume of 396,520. TransDigm Group Incorporated has a 12 month low of $307.36 and a 12 month high of $555.27. The firm has a market cap of $27.48 billion, a price-to-earnings ratio of 31.12, a PEG ratio of 2.41 and a beta of 0.97. The business has a fifty day moving average of $519.62 and a 200-day moving average of $478.53.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $4.95 EPS for the quarter, topping analysts’ consensus estimates of $4.01 by $0.94. TransDigm Group had a net margin of 15.26% and a negative return on equity of 59.21%. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the firm earned $3.59 earnings per share. TransDigm Group’s revenue for the quarter was up 69.1% compared to the same quarter last year. On average, sell-side analysts forecast that TransDigm Group Incorporated will post 16.92 earnings per share for the current fiscal year.

The firm also recently declared a dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 16th were given a dividend of $30.00 per share. The ex-dividend date was Thursday, August 15th.

About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.

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Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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