TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. cut its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 29.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,452 shares of the aerospace company's stock after selling 4,269 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in TransDigm Group were worth $13,246,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of TransDigm Group during the fourth quarter valued at approximately $973,353,000. Proficio Capital Partners LLC increased its position in shares of TransDigm Group by 286,247.1% during the 4th quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company's stock valued at $925,349,000 after purchasing an additional 729,930 shares during the last quarter. Edgewood Management LLC purchased a new position in shares of TransDigm Group in the 4th quarter worth about $399,595,000. JPMorgan Chase & Co. grew its position in TransDigm Group by 10.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock valued at $2,793,908,000 after buying an additional 206,822 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in TransDigm Group by 9.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock worth $2,694,585,000 after buying an additional 185,422 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TDG shares. Susquehanna lifted their price target on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a "buy" rating to a "hold" rating and reduced their price objective for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a report on Tuesday, April 8th. Northcoast Research raised shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target on the stock in a report on Wednesday, April 9th. Finally, UBS Group raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price objective for the company in a research note on Monday, February 24th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $1,464.41.

Insider Activity at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,892,616. This trade represents a 45.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total transaction of $7,200,768.96. Following the completion of the sale, the director now directly owns 21,548 shares of the company's stock, valued at approximately $28,355,659.64. The trade was a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 124,594 shares of company stock valued at $167,165,496 in the last ninety days. Corporate insiders own 4.09% of the company's stock.

TransDigm Group Stock Performance

TDG stock traded down $1.03 during trading on Friday, reaching $1,335.27. 224,372 shares of the company traded hands, compared to its average volume of 253,805. The company has a market capitalization of $74.89 billion, a price-to-earnings ratio of 47.10, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08. The business has a 50 day simple moving average of $1,336.96 and a 200 day simple moving average of $1,322.04. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating analysts' consensus estimates of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same quarter in the prior year, the company posted $7.16 earnings per share. TransDigm Group's revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, research analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current year.

About TransDigm Group

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.