Ferguson Wellman Capital Management Inc. Has $409,000 Position in TransDigm Group Incorporated (NYSE:TDG)

Ferguson Wellman Capital Management Inc. lifted its holdings in TransDigm Group Incorporated (NYSE:TDG) by 7.3% in the 4th quarter, Holdings Channel reports. The firm owned 323 shares of the aerospace company’s stock after buying an additional 22 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in TransDigm Group were worth $409,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TDG. Windacre Partnership LLC lifted its stake in shares of TransDigm Group by 42.7% in the 3rd quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock valued at $1,038,951,000 after purchasing an additional 217,700 shares during the last quarter. JPMorgan Chase & Co. increased its holdings 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 purchasing an additional 173,642 shares during the period. International Assets Investment Management LLC increased its holdings in shares of TransDigm Group by 108,517.8% during the 3rd quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company’s stock worth $69,755,000 after purchasing an additional 48,833 shares during the period. FMR LLC increased its holdings in shares of TransDigm Group by 2.3% during the 3rd quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock worth $2,740,348,000 after purchasing an additional 43,604 shares during the period. Finally, Citigroup Inc. increased its holdings in shares of TransDigm Group by 36.9% during the 3rd quarter. Citigroup Inc. now owns 120,876 shares of the aerospace company’s stock worth $172,506,000 after purchasing an additional 32,609 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Citigroup boosted their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $1,375.00 to $1,500.00 in a research note on Friday. KeyCorp boosted their price target on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of 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. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus price target of $1,462.35.

TransDigm Group Stock Performance

NYSE:TDG opened at $1,334.35 on Tuesday. TransDigm Group Incorporated has a 52 week low of $1,100.86 and a 52 week high of $1,451.32. The firm has a market cap of $74.83 billion, a price-to-earnings ratio of 47.07, a P/E/G ratio of 2.86 and a beta of 1.40. The firm’s 50-day simple moving average is $1,294.68 and its 200 day simple moving average is $1,315.07.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping 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 business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the firm earned $7.16 earnings per share. TransDigm Group’s revenue for the quarter was up 12.1% compared to the same quarter last year. Sell-side analysts anticipate that TransDigm Group Incorporated will post 34.11 EPS for the current year.

Insider Buying and Selling at TransDigm Group

In related news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,181,755.06. This trade represents a 71.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,892,616. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,525 shares of company stock valued at $112,769,801 in the last ninety days. 4.09% of the stock is currently owned by company insiders.

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.