The Manufacturers Life Insurance Company Decreases Stake in Transdigm Group Incorporated (TDG)

The Manufacturers Life Insurance Company cut its holdings in Transdigm Group Incorporated (NYSE:TDG) by 6.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 172,072 shares of the aerospace company’s stock after selling 11,288 shares during the period. The Manufacturers Life Insurance Company owned about 0.33% of Transdigm Group worth $46,264,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. HPM Partners LLC boosted its holdings in shares of Transdigm Group by 196.7% in the 2nd quarter. HPM Partners LLC now owns 5,739 shares of the aerospace company’s stock valued at $810,000 after buying an additional 3,805 shares during the period. Soros Fund Management LLC acquired a new position in shares of Transdigm Group in the 1st quarter valued at about $308,000. Victory Capital Management Inc. boosted its holdings in shares of Transdigm Group by 14.6% in the 2nd quarter. Victory Capital Management Inc. now owns 25,758 shares of the aerospace company’s stock valued at $6,926,000 after buying an additional 3,273 shares during the period. Edgestream Partners L.P. boosted its holdings in shares of Transdigm Group by 27.9% in the 1st quarter. Edgestream Partners L.P. now owns 6,859 shares of the aerospace company’s stock valued at $1,510,000 after buying an additional 1,497 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of Transdigm Group by 2.2% in the 2nd quarter. Swiss National Bank now owns 193,200 shares of the aerospace company’s stock valued at $51,946,000 after buying an additional 4,200 shares during the period.

Transdigm Group Incorporated (NYSE:TDG) traded up 0.036% during mid-day trading on Thursday, hitting $264.655. 23,425 shares of the company were exchanged. The stock has a market cap of $13.74 billion, a P/E ratio of 29.406 and a beta of 0.53. Transdigm Group Incorporated has a 12-month low of $203.72 and a 12-month high of $295.00. The company has a 50 day moving average of $261.28 and a 200 day moving average of $260.76.

Transdigm Group (NYSE:TDG) last issued its earnings results on Tuesday, August 8th. The aerospace company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.32. The company had revenue of $907.67 million for the quarter, compared to analyst estimates of $903.99 million. Transdigm Group had a net margin of 14.47% and a negative return on equity of 40.12%. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the firm earned $3.09 EPS. On average, equities research analysts expect that Transdigm Group Incorporated will post $12.30 earnings per share for the current fiscal year.

The company also recently disclosed a special dividend, which was paid on Tuesday, September 12th. Investors of record on Tuesday, September 5th were paid a dividend of $22.00 per share. The ex-dividend date was Thursday, August 31st.

Several research analysts have recently commented on TDG shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $316.00 price target on shares of Transdigm Group in a report on Friday, September 1st. Zacks Investment Research lowered shares of Transdigm Group from a “buy” rating to a “hold” rating and set a $308.00 target price for the company. in a research note on Thursday, July 13th. Jefferies Group LLC reissued a “buy” rating and set a $283.00 target price on shares of Transdigm Group in a research note on Friday, July 14th. Wolfe Research lowered shares of Transdigm Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 20th. Finally, Canaccord Genuity reissued a “buy” rating and set a $330.00 target price on shares of Transdigm Group in a research note on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $295.58.

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In related news, insider Jorge Valladares sold 5,900 shares of Transdigm Group stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $278.03, for a total transaction of $1,640,377.00. Following the transaction, the insider now owns 14,900 shares of the company’s stock, valued at approximately $4,142,647. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Raymond F. Laubenthal sold 6,000 shares of Transdigm Group stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $277.56, for a total transaction of $1,665,360.00. Following the transaction, the director now directly owns 75,701 shares in the company, valued at approximately $21,011,569.56. The disclosure for this sale can be found here. Insiders have sold a total of 23,900 shares of company stock worth $6,521,737 in the last three months. 10.52% of the stock is owned by insiders.

About Transdigm Group

TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The 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.

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

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