TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lessened its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 8.9% in the 4th quarter, HoldingsChannel reports. The fund owned 266 shares of the aerospace company’s stock after selling 26 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in TransDigm Group were worth $337,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. State Street Corp grew its stake in shares of TransDigm Group by 1.3% during the third 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. boosted its position in shares of TransDigm Group by 9.5% during the 3rd 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. FMR LLC increased its holdings in shares of TransDigm Group by 2.3% in the 3rd quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock valued at $2,740,348,000 after acquiring an additional 43,604 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of TransDigm Group by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company’s stock valued at $1,612,583,000 after acquiring an additional 19,314 shares during the last quarter. Finally, Windacre Partnership LLC lifted its stake in TransDigm Group by 42.7% during the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock worth $1,038,951,000 after purchasing an additional 217,700 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on TDG. Barclays reiterated an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. Citigroup lifted their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Wells Fargo & Company cut their target price on TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 11th. Finally, 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. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,455.00.

TransDigm Group Stock Up 0.7 %

Shares of NYSE:TDG opened at $1,338.79 on Thursday. TransDigm Group Incorporated has a fifty-two week low of $1,078.54 and a fifty-two week high of $1,451.32. The firm’s 50-day simple moving average is $1,283.36 and its 200-day simple moving average is $1,310.87. The company has a market cap of $75.28 billion, a price-to-earnings ratio of 52.30, a PEG ratio of 3.06 and a beta of 1.38.

Insider Buying and Selling at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on 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 transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,525,524. This represents a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert J. Small sold 38,053 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the completion of the sale, the director now owns 567,323 shares of the company’s stock, valued at $708,461,615.94. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,525 shares of company stock valued at $112,769,801. 4.96% of the stock is owned by corporate insiders.

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.