Dai Ichi Life Insurance Company Ltd reduced its holdings in Transdigm Group Incorporated (NYSE:TDG) by 74.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,928 shares of the aerospace company’s stock after selling 17,019 shares during the period. Dai Ichi Life Insurance Company Ltd’s holdings in Transdigm Group were worth $1,594,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Vantage Financial Partners Ltd. Inc. purchased a new position in shares of Transdigm Group during the 2nd quarter worth about $538,000. Aberdeen Asset Management PLC UK boosted its position in Transdigm Group by 30.1% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 19,721 shares of the aerospace company’s stock valued at $5,303,000 after buying an additional 4,567 shares during the period. HPM Partners LLC boosted its position in 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. Edgestream Partners L.P. boosted its position in Transdigm Group by 45.0% in the 2nd quarter. Edgestream Partners L.P. now owns 9,948 shares of the aerospace company’s stock valued at $2,675,000 after buying an additional 3,089 shares during the period. Finally, CIBC World Markets Inc. boosted its position in Transdigm Group by 193.9% in the 2nd quarter. CIBC World Markets Inc. now owns 5,995 shares of the aerospace company’s stock valued at $1,612,000 after buying an additional 3,955 shares during the period.

Several research firms have recently commented on TDG. BidaskClub lowered shares of Transdigm Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Canaccord Genuity reiterated a “buy” rating and set a $300.00 price objective on shares of Transdigm Group in a research note on Thursday, May 25th. Royal Bank Of Canada reiterated a “buy” rating and set a $316.00 price objective on shares of Transdigm Group in a research note on Friday, May 19th. Jefferies Group LLC restated a “buy” rating on shares of Transdigm Group in a research note on Tuesday, June 6th. Finally, Zacks Investment Research upgraded shares of Transdigm Group from a “hold” rating to a “buy” rating and set a $303.00 price target on the stock in a research note on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $297.52.

In related news, insider Jorge Valladares sold 100 shares of the business’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $276.00, for a total value of $27,600.00. Following the sale, the insider now directly owns 9,100 shares in the company, valued at approximately $2,511,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Raymond F. Laubenthal sold 6,000 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $281.81, for a total transaction of $1,690,860.00. Following the completion of the sale, the director now owns 75,701 shares in the company, valued at $21,333,298.81. The disclosure for this sale can be found here. Insiders sold a total of 18,000 shares of company stock worth $5,024,197 over the last quarter. Insiders own 10.52% of the company’s stock.

Shares of Transdigm Group Incorporated (NYSE TDG) opened at 254.71 on Friday. The firm has a market capitalization of $13.22 billion, a PE ratio of 28.30 and a beta of 0.54. Transdigm Group Incorporated has a 12 month low of $203.72 and a 12 month high of $295.00. The stock has a 50 day moving average of $270.97 and a 200-day moving average of $257.29.

Transdigm Group (NYSE:TDG) last issued its earnings results on Tuesday, August 8th. The aerospace company reported $3.30 EPS for the quarter, topping 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 business’s revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.09 EPS. On average, equities research analysts anticipate that Transdigm Group Incorporated will post $12.30 EPS for the current fiscal year.

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

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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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