TransDigm Group Incorporated (NYSE:TDG) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN raised its position in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 169,169 shares of the aerospace company's stock after acquiring an additional 4,723 shares during the period. Wells Fargo & Company MN owned about 0.30% of TransDigm Group worth $214,384,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of TransDigm Group by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company's stock valued at $7,946,863,000 after acquiring an additional 79,284 shares during the period. JPMorgan Chase & Co. lifted its holdings in TransDigm Group by 10.4% in 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. Principal Financial Group Inc. boosted its position in shares of TransDigm Group by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock worth $2,694,585,000 after purchasing an additional 185,422 shares during the last quarter. Geode Capital Management LLC boosted its stake in TransDigm Group by 14.1% during the 4th quarter. Geode Capital Management LLC now owns 1,293,282 shares of the aerospace company's stock worth $1,636,409,000 after acquiring an additional 159,839 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of TransDigm Group in the 4th quarter valued at $973,353,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total value of $4,080,120.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,896,144. The trade was a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert J. Small sold 40,000 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $1,345.81, for a total transaction of $53,832,400.00. Following the completion of the sale, the director now directly owns 98,185 shares of the company's stock, valued at approximately $132,138,354.85. The trade was a 28.95 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 124,594 shares of company stock worth $165,646,468. 4.09% of the stock is owned by corporate insiders.

TransDigm Group Stock Up 0.9 %

Shares of NYSE:TDG traded up $11.46 during midday trading on Friday, hitting $1,309.66. 268,284 shares of the stock traded hands, compared to its average volume of 250,497. The business's 50 day moving average is $1,335.18 and its two-hundred day moving average is $1,323.99. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,451.32. The stock has a market capitalization of $73.45 billion, a PE ratio of 46.20, a P/E/G ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly 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 firm had revenue of $2.01 billion for 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. The business's revenue for the quarter was up 12.1% on a year-over-year basis. As a group, sell-side analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Northcoast Research upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective on the stock in a report on Wednesday. Barclays reiterated an "equal weight" rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a "buy" rating to a "hold" rating and reduced their price target for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Finally, UBS Group raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price target on the stock in a research report on Monday, February 24th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, TransDigm Group currently has a consensus rating of "Moderate Buy" and an average target price of $1,471.78.

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.