Whitnell & Co. Takes Position in TransDigm Group Incorporated (NYSE:TDG)

Whitnell & Co. purchased a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 987 shares of the aerospace company’s stock, valued at approximately $514,000.

Other hedge funds have also recently modified their holdings of the company. Nuveen Asset Management LLC boosted its position in TransDigm Group by 2,139.2% during the second quarter. Nuveen Asset Management LLC now owns 550,868 shares of the aerospace company’s stock valued at $266,510,000 after purchasing an additional 526,267 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in TransDigm Group by 294.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 551,857 shares of the aerospace company’s stock worth $262,728,000 after buying an additional 412,007 shares in the last quarter. Egerton Capital UK LLP acquired a new position in TransDigm Group during the 2nd quarter worth $192,825,000. BlackRock Inc. lifted its holdings in TransDigm Group by 3.6% during the 2nd quarter. BlackRock Inc. now owns 3,697,541 shares of the aerospace company’s stock worth $1,788,870,000 after buying an additional 127,743 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in TransDigm Group by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 5,120,651 shares of the aerospace company’s stock worth $2,477,370,000 after buying an additional 94,963 shares in the last quarter. Institutional investors own 99.67% of the company’s stock.

A number of research analysts have recently weighed in on TDG shares. UBS Group increased their price target on TransDigm Group to $605.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. SunTrust Banks increased their price target on TransDigm Group to $560.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Jefferies Financial Group increased their price target on TransDigm Group from $480.00 to $550.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Credit Suisse Group increased their price target on TransDigm Group from $582.66 to $584.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Barclays set a $610.00 price target on TransDigm Group and gave the company a “buy” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. TransDigm Group currently has an average rating of “Buy” and a consensus price target of $558.82.

Shares of TDG traded up $2.78 during trading hours on Friday, reaching $541.08. The stock had a trading volume of 193,392 shares, compared to its average volume of 325,280. TransDigm Group Incorporated has a 52 week low of $311.46 and a 52 week high of $555.27. The firm has a 50-day moving average of $523.78 and a 200 day moving average of $499.79. The company has a market cap of $28.58 billion, a P/E ratio of 31.85, a P/E/G ratio of 2.26 and a beta of 0.95.

In related news, Director Robert J. Small sold 151,458 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $534.78, for a total value of $80,996,709.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Bernt G. Iversen II sold 8,333 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $523.08, for a total transaction of $4,358,825.64. Following the completion of the sale, the executive vice president now owns 12,643 shares of the company’s stock, valued at approximately $6,613,300.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 298,083 shares of company stock valued at $158,068,182. 11.89% 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 company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.

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Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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