Baker Tilly Wealth Management LLC Raises Stake in TransDigm Group Incorporated (NYSE:TDG)

Baker Tilly Wealth Management LLC raised its holdings in TransDigm Group Incorporated (NYSE:TDG) by 16.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 681 shares of the aerospace company’s stock after buying an additional 98 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in TransDigm Group were worth $863,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. First Personal Financial Services acquired a new position in shares of TransDigm Group in the 3rd quarter valued at approximately $29,000. Erste Asset Management GmbH bought a new position in shares of TransDigm Group during the third quarter valued at approximately $29,000. Versant Capital Management Inc increased its position in TransDigm Group by 225.0% in the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock worth $33,000 after buying an additional 18 shares during the period. Meeder Asset Management Inc. lifted its position in TransDigm Group by 275.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 22 shares during the last quarter. Finally, DT Investment Partners LLC raised its holdings in shares of TransDigm Group by 68.8% during the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after buying an additional 11 shares during the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $5,046,300. This trade represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the sale, the director now owns 21,548 shares in the company, valued at approximately $30,228,611.80. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,525 shares of company stock worth $88,134,141. Corporate insiders own 4.96% of the company’s stock.

TransDigm Group Stock Performance

Shares of NYSE TDG traded down $12.50 during midday trading on Friday, reaching $1,269.82. The stock had a trading volume of 54,719 shares, compared to its average volume of 239,445. The firm has a market cap of $71.40 billion, a price-to-earnings ratio of 49.60, a price-to-earnings-growth ratio of 2.89 and a beta of 1.38. The company’s 50 day moving average price is $1,282.07 and its 200 day moving average price is $1,306.49. TransDigm Group Incorporated has a twelve month low of $1,004.25 and a twelve month high of $1,451.32.

Analyst Ratings Changes

Several research firms have recently weighed in on TDG. Wells Fargo & Company reduced their price objective on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 11th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. increased their price objective on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Finally, Barclays reiterated an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a research note on Monday. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,452.00.

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.