Douglas Lane & Associates LLC Decreases Stake in TransDigm Group Incorporated (NYSE:TDG)

Douglas Lane & Associates LLC lessened its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 81,867 shares of the aerospace company’s stock after selling 478 shares during the quarter. TransDigm Group accounts for 1.5% of Douglas Lane & Associates LLC’s portfolio, making the stock its 14th biggest holding. Douglas Lane & Associates LLC owned 0.15% of TransDigm Group worth $103,749,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. CIBC Asset Management Inc grew its holdings in TransDigm Group by 8.6% during the 3rd quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock valued at $11,658,000 after buying an additional 644 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of TransDigm Group by 3.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company’s stock worth $391,918,000 after buying an additional 7,947 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after buying an additional 173,642 shares in the last quarter. Westfield Capital Management Co. LP increased its holdings in shares of TransDigm Group by 2.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company’s stock worth $530,980,000 after buying an additional 8,655 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of TransDigm Group by 0.9% during the 3rd quarter. Swiss National Bank now owns 166,100 shares of the aerospace company’s stock valued at $237,046,000 after buying an additional 1,400 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Price Performance

Shares of NYSE:TDG traded up $27.12 on Wednesday, reaching $1,279.25. The company’s stock had a trading volume of 185,996 shares, compared to its average volume of 250,300. The stock has a market capitalization of $71.93 billion, a P/E ratio of 49.97, a PEG ratio of 2.89 and a beta of 1.38. TransDigm Group Incorporated has a 52-week low of $985.29 and a 52-week high of $1,451.32. The stock’s 50-day moving average is $1,283.44 and its two-hundred day moving average is $1,306.84.

Insider Transactions at TransDigm Group

In related news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $30,228,611.80. The trade was a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,525,524. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,525 shares of company stock worth $88,134,141. Company insiders own 4.96% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. 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 note on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price objective on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. StockNews.com downgraded TransDigm Group from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Finally, KeyCorp boosted their price target on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.