Chesley Taft & Associates LLC Has $3.33 Million Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Chesley Taft & Associates LLC lessened its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 1.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,624 shares of the aerospace company’s stock after selling 40 shares during the quarter. Chesley Taft & Associates LLC’s holdings in TransDigm Group were worth $3,325,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of TDG. State Street Corp boosted its stake in shares of TransDigm Group by 1.3% during the 3rd quarter. State Street Corp now owns 2,229,199 shares of the aerospace company’s stock worth $3,181,357,000 after acquiring an additional 29,489 shares during the period. JPMorgan Chase & Co. boosted its position in TransDigm Group by 9.5% during the third 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. FMR LLC boosted its position in TransDigm Group by 2.3% during the third 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. Geode Capital Management LLC increased its holdings in shares of TransDigm Group by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company’s stock valued at $1,612,583,000 after purchasing an additional 19,314 shares during the last quarter. Finally, Windacre Partnership LLC lifted its stake in shares of TransDigm Group by 42.7% during the 3rd quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock worth $1,038,951,000 after buying an additional 217,700 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Insider Transactions at TransDigm Group

In related news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction 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 completion of the transaction, the director now owns 21,548 shares of the company’s stock, valued at $27,942,799.96. This trade represents a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,181,755.06. The trade was a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,525 shares of company stock worth $108,692,621 over the last ninety days. 4.96% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Truist Financial upped their price target on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Wells Fargo & Company lowered 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 note on Wednesday, December 11th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. KeyCorp increased 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. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, TransDigm Group currently has an average rating of “Moderate Buy” and an average price target of $1,455.00.

TransDigm Group Stock Up 1.4 %

Shares of NYSE:TDG opened at $1,340.40 on Tuesday. The business has a fifty day simple moving average of $1,277.54 and a 200 day simple moving average of $1,307.04. TransDigm Group Incorporated has a 12-month low of $1,032.43 and a 12-month high of $1,451.32. The firm has a market cap of $75.37 billion, a P/E ratio of 52.36, a P/E/G ratio of 3.03 and a beta of 1.38.

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.