Wells Fargo & Company MN Purchases 4,723 Shares of TransDigm Group Incorporated (NYSE:TDG)

Wells Fargo & Company MN raised its position in TransDigm Group Incorporated (NYSE:TDG) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 169,169 shares of the aerospace company’s stock after acquiring an additional 4,723 shares during the quarter. Wells Fargo & Company MN owned approximately 0.30% of TransDigm Group worth $214,384,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Resonant Capital Advisors LLC raised its holdings in TransDigm Group by 1.8% in the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock worth $585,000 after purchasing an additional 8 shares during the period. Quent Capital LLC increased its position in TransDigm Group by 6.5% in the fourth quarter. Quent Capital LLC now owns 132 shares of the aerospace company’s stock worth $167,000 after buying an additional 8 shares in the last quarter. Lindbrook Capital LLC raised its stake in shares of TransDigm Group by 3.6% in the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company’s stock worth $293,000 after buying an additional 8 shares during the period. CX Institutional lifted its position in shares of TransDigm Group by 5.4% during the 4th quarter. CX Institutional now owns 175 shares of the aerospace company’s stock valued at $222,000 after buying an additional 9 shares in the last quarter. Finally, Western Financial Corp CA grew its stake in shares of TransDigm Group by 0.6% during the 4th quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company’s stock valued at $1,902,000 after acquiring an additional 9 shares during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TransDigm Group

In other news, Director Robert J. Small sold 3,650 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $1,322.19, for a total value of $4,825,993.50. Following the completion of the sale, the director now owns 15,539 shares of the company’s stock, valued at approximately $20,545,510.41. This represents a 19.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $27,942,799.96. The trade was a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 124,594 shares of company stock valued at $165,646,468 in the last ninety days. Corporate insiders own 4.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TDG shares. Susquehanna lifted their price target on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a report on Wednesday. UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price on the stock in a research note on Monday, February 24th. Truist Financial increased their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Barclays restated an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. Finally, StockNews.com cut TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday, March 31st. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,480.12.

TransDigm Group Stock Down 9.1 %

TDG opened at $1,238.81 on Friday. The stock has a market cap of $69.48 billion, a P/E ratio of 43.70, a PEG ratio of 2.76 and a beta of 1.08. TransDigm Group Incorporated has a 52-week low of $1,176.31 and a 52-week high of $1,451.32. The business has a fifty day moving average of $1,343.93 and a 200 day moving average of $1,329.63.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the business posted $7.16 EPS. Equities analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

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.