Carnegie Investment Counsel Decreases Stake in TransDigm Group Incorporated (NYSE:TDG)

Carnegie Investment Counsel lessened its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 16.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200 shares of the aerospace company’s stock after selling 39 shares during the period. Carnegie Investment Counsel’s holdings in TransDigm Group were worth $253,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. First Personal Financial Services purchased a new stake in shares of TransDigm Group in the third quarter valued at approximately $29,000. Erste Asset Management GmbH purchased a new stake in TransDigm Group in the 3rd quarter valued at $29,000. Versant Capital Management Inc increased its stake in shares of TransDigm Group by 225.0% in the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 18 shares during the last quarter. DT Investment Partners LLC raised its holdings in shares of TransDigm Group by 68.8% during the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after acquiring an additional 11 shares during the period. Finally, Hershey Financial Advisers LLC acquired a new position in shares of TransDigm Group during the 2nd quarter valued at about $41,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

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 dated Friday, December 20th. The stock was 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 represents a 45.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total value of $25,344,200.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,337,899.18. This trade represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 86,525 shares of company stock valued at $108,692,621. Insiders own 4.96% of the company’s stock.

TransDigm Group Stock Performance

TDG stock opened at $1,340.40 on Monday. TransDigm Group Incorporated has a fifty-two week low of $1,032.43 and a fifty-two week high of $1,451.32. The company’s 50 day moving average price is $1,277.54 and its 200 day moving average price is $1,307.04. The firm has a market capitalization of $75.37 billion, a price-to-earnings ratio of 52.36, a PEG ratio of 2.84 and a beta of 1.38.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Barclays reiterated an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. Wells Fargo & Company cut their target price on 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. upped their price target on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Finally, KeyCorp raised their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, TransDigm Group has a consensus rating of “Moderate Buy” and a consensus target price of $1,455.00.

TransDigm Group Company 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.