TransDigm Group Incorporated (NYSE:TDG) Shares Bought by Wedmont Private Capital

Wedmont Private Capital increased its holdings in TransDigm Group Incorporated (NYSE:TDG) by 2.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 763 shares of the aerospace company’s stock after buying an additional 17 shares during the period. Wedmont Private Capital’s holdings in TransDigm Group were worth $963,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. First Personal Financial Services acquired a new position in TransDigm Group in the third quarter valued at approximately $29,000. Erste Asset Management GmbH acquired a new position in TransDigm Group during the 3rd 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 stake in TransDigm Group by 275.0% in the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after buying an additional 22 shares during the last quarter. Finally, DT Investment Partners LLC boosted 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 acquiring an additional 11 shares during the period. Institutional investors own 95.78% of the company’s stock.

Insider Activity at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,525,524. This trade represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert J. Small sold 38,053 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the sale, the director now owns 567,323 shares in the company, valued at $708,461,615.94. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 61,053 shares of company stock worth $76,252,495 in the last quarter. 4.96% of the stock is owned by company insiders.

TransDigm Group Stock Up 1.3 %

TDG opened at $1,278.18 on Tuesday. The business has a fifty day simple moving average of $1,280.48 and a 200-day simple moving average of $1,305.91. The firm has a market cap of $71.87 billion, a PE ratio of 49.93, a P/E/G ratio of 2.89 and a beta of 1.38. TransDigm Group Incorporated has a fifty-two week low of $1,017.80 and a fifty-two week high of $1,451.32.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Barclays reiterated an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. JPMorgan Chase & Co. boosted their price objective on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. KeyCorp boosted their price target on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Finally, Citigroup raised their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,452.00.

TransDigm Group Company 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.