Sumitomo Life Insurance Co. Has $2.47 Million Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Sumitomo Life Insurance Co. lessened its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 2.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,951 shares of the aerospace company’s stock after selling 42 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in TransDigm Group were worth $2,472,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Windacre Partnership LLC boosted its holdings in shares of TransDigm Group by 42.7% during the 3rd quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock worth $1,038,951,000 after buying an additional 217,700 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in TransDigm Group by 9.5% during the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after acquiring an additional 173,642 shares in the last quarter. International Assets Investment Management LLC grew its holdings in TransDigm Group by 108,517.8% in the third quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company’s stock worth $69,755,000 after purchasing an additional 48,833 shares during the period. FMR LLC increased its stake in TransDigm Group by 2.3% in the third quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock valued at $2,740,348,000 after purchasing an additional 43,604 shares in the last quarter. Finally, Citigroup Inc. raised its holdings in shares of TransDigm Group by 36.9% during the third quarter. Citigroup Inc. now owns 120,876 shares of the aerospace company’s stock valued at $172,506,000 after purchasing an additional 32,609 shares during the period. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Performance

Shares of TransDigm Group stock opened at $1,329.82 on Wednesday. The stock has a market capitalization of $74.78 billion, a P/E ratio of 51.95, a P/E/G ratio of 3.06 and a beta of 1.38. TransDigm Group Incorporated has a 52-week low of $1,070.03 and a 52-week high of $1,451.32. The stock’s 50-day simple moving average is $1,281.79 and its 200 day simple moving average is $1,310.26.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated 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 sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,892,616. This trade represents a 45.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,181,755.06. The trade was a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,525 shares of company stock valued at $112,769,801 in the last 90 days. 4.96% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TDG has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their target price on 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. Citigroup upped their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Finally, Barclays reissued an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a research report on Monday, January 6th. 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 presently has a consensus rating of “Moderate Buy” and an average price target of $1,455.00.

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.