Hartford Investment Management Co. Decreases Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Hartford Investment Management Co. lowered its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 1.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,485 shares of the aerospace company’s stock after selling 47 shares during the quarter. Hartford Investment Management Co.’s holdings in TransDigm Group were worth $4,416,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. TFB Advisors LLC grew its position in shares of TransDigm Group by 2.3% in the 4th quarter. TFB Advisors LLC now owns 399 shares of the aerospace company’s stock worth $506,000 after buying an additional 9 shares during the last quarter. Quent Capital LLC lifted its stake in TransDigm Group by 6.5% in the fourth quarter. Quent Capital LLC now owns 132 shares of the aerospace company’s stock worth $167,000 after acquiring an additional 8 shares during the period. Panoramic Capital Partners LLC purchased a new stake in TransDigm Group in the fourth quarter worth $209,000. Ferguson Wellman Capital Management Inc. increased its position in TransDigm Group by 7.3% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 323 shares of the aerospace company’s stock valued at $409,000 after purchasing an additional 22 shares during the period. Finally, Savant Capital LLC lifted its position in shares of TransDigm Group by 7.9% in the 4th quarter. Savant Capital LLC now owns 873 shares of the aerospace company’s stock worth $1,106,000 after purchasing an additional 64 shares during the period. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Price Performance

TDG stock opened at $1,353.69 on Thursday. The stock has a market capitalization of $75.91 billion, a P/E ratio of 47.75, a P/E/G ratio of 2.86 and a beta of 1.40. TransDigm Group Incorporated has a 1-year low of $1,100.86 and a 1-year high of $1,451.32. The business has a fifty day moving average price of $1,298.24 and a 200-day moving average price of $1,316.72.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the prior year, the business earned $7.16 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, analysts anticipate that TransDigm Group Incorporated will post 34.11 earnings per share for the current year.

Insiders Place Their Bets

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the completion of the transaction, the director now directly owns 21,548 shares in the company, valued at $27,942,799.96. This represents a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,892,616. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 89,525 shares of company stock valued at $112,769,801. Company insiders own 4.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Citigroup increased their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. KeyCorp raised their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Barclays reaffirmed an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Finally, Truist Financial increased their price target on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, TransDigm Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,462.35.

TransDigm Group Profile

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.