Douglas Lane & Associates LLC Sells 478 Shares of TransDigm Group Incorporated (NYSE:TDG)

Douglas Lane & Associates LLC cut its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,867 shares of the aerospace company's stock after selling 478 shares during the period. TransDigm Group accounts for 1.5% of Douglas Lane & Associates LLC's holdings, making the stock its 14th largest position. Douglas Lane & Associates LLC owned about 0.15% of TransDigm Group worth $103,749,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in TDG. State Street Corp raised its stake in TransDigm Group by 1.3% in the 3rd quarter. State Street Corp now owns 2,229,199 shares of the aerospace company's stock worth $3,181,357,000 after purchasing an additional 29,489 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of TransDigm Group by 9.5% in the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock valued at $2,851,160,000 after buying an additional 173,642 shares in the last quarter. FMR LLC boosted its stake in shares of 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 buying an additional 43,604 shares during the period. Geode Capital Management LLC boosted its stake in shares of TransDigm Group by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company's stock valued at $1,612,583,000 after buying an additional 19,314 shares during the period. Finally, Windacre Partnership LLC increased its stake in 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 acquiring an additional 217,700 shares during the period. Institutional investors own 95.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a "neutral" rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a "buy" rating to a "hold" rating and decreased their price objective for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. StockNews.com cut TransDigm Group from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. Citigroup lifted their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company dropped their price objective 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. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, TransDigm Group has a consensus rating of "Moderate Buy" and an average price target of $1,452.00.

TransDigm Group Stock Performance

Shares of NYSE:TDG traded up $29.62 during mid-day trading on Wednesday, reaching $1,281.75. 319,543 shares of the company's stock were exchanged, compared to its average volume of 278,269. TransDigm Group Incorporated has a twelve month low of $985.29 and a twelve month high of $1,451.32. The firm has a market capitalization of $72.07 billion, a price-to-earnings ratio of 50.07, a PEG ratio of 2.89 and a beta of 1.38. The business's fifty day moving average price is $1,283.44 and its 200-day moving average price is $1,306.84.

Insider Activity

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

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.