US Bancorp DE Has $139.46 Million Stock Position in TransDigm Group Incorporated (NYSE:TDG)

US Bancorp DE lessened its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 0.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 97,723 shares of the aerospace company’s stock after selling 735 shares during the period. US Bancorp DE owned about 0.17% of TransDigm Group worth $139,463,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its position in shares of TransDigm Group by 10.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,331 shares of the aerospace company’s stock valued at $4,102,000 after buying an additional 315 shares in the last quarter. Hennion & Walsh Asset Management Inc. bought a new stake in TransDigm Group during the first quarter worth $325,000. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of TransDigm Group by 0.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 131,149 shares of the aerospace company’s stock valued at $161,523,000 after purchasing an additional 1,142 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of TransDigm Group by 0.9% in the 1st quarter. State of Alaska Department of Revenue now owns 6,030 shares of the aerospace company’s stock valued at $7,426,000 after purchasing an additional 55 shares during the last quarter. Finally, Norden Group LLC acquired a new position in shares of TransDigm Group during the 1st quarter worth $443,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Down 1.4 %

TDG traded down $19.18 during trading on Thursday, reaching $1,310.45. 29,385 shares of the stock traded hands, compared to its average volume of 213,635. The stock’s 50-day moving average is $1,368.33 and its 200 day moving average is $1,310.91. TransDigm Group Incorporated has a 12 month low of $817.62 and a 12 month high of $1,451.32. The stock has a market capitalization of $73.53 billion, a PE ratio of 49.22, a P/E/G ratio of 1.84 and a beta of 1.43.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, topping the consensus estimate of $7.77 by $1.23. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The firm’s revenue was up 17.3% on a year-over-year basis. During the same quarter last year, the firm posted $6.55 earnings per share. As a group, equities research analysts anticipate that TransDigm Group Incorporated will post 30.71 EPS for the current year.

TransDigm Group Increases Dividend

The business also recently announced a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were given a dividend of $75.00 per share. The ex-dividend date of this dividend was Friday, October 4th. This is an increase from TransDigm Group’s previous special dividend of $32.50.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TDG. Jefferies Financial Group lowered their price objective on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Wells Fargo & Company dropped their price target on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. StockNews.com downgraded TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Finally, Susquehanna boosted their price target on TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,451.94.

Insider Buying and Selling

In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,019,981.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the transaction, the director now directly owns 21,548 shares in the company, valued at $29,659,098.16. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,019,981.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,944 shares of company stock valued at $35,823,485 over the last ninety days. 4.96% of the stock is owned by corporate insiders.

About TransDigm Group

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.