Cyndeo Wealth Partners LLC Has $2.86 Million Position in TransDigm Group Incorporated (NYSE:TDG)

Cyndeo Wealth Partners LLC boosted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,260 shares of the aerospace company’s stock after purchasing an additional 161 shares during the period. Cyndeo Wealth Partners LLC’s holdings in TransDigm Group were worth $2,863,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. CIBC Asset Management Inc boosted its stake in TransDigm Group by 8.6% in the 3rd quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock valued at $11,658,000 after buying an additional 644 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of TransDigm Group by 3.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company’s stock valued at $391,918,000 after purchasing an additional 7,947 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of TransDigm Group by 9.5% in 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 last quarter. Westfield Capital Management Co. LP increased its position in shares of TransDigm Group by 2.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company’s stock worth $530,980,000 after purchasing an additional 8,655 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in TransDigm Group by 0.9% during the 3rd quarter. Swiss National Bank now owns 166,100 shares of the aerospace company’s stock valued at $237,046,000 after purchasing an additional 1,400 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

TransDigm Group Trading Down 0.6 %

NYSE:TDG opened at $1,341.27 on Friday. TransDigm Group Incorporated has a 1 year low of $1,063.53 and a 1 year high of $1,451.32. The stock has a market cap of $75.42 billion, a price-to-earnings ratio of 52.39, a PEG ratio of 3.06 and a beta of 1.38. The stock has a 50-day moving average price of $1,280.00 and a two-hundred day moving average price of $1,309.11.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TDG. Citigroup raised their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Wells Fargo & Company dropped their price target on TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating for the company in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. KeyCorp raised their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,455.00.

Insider Buying and Selling

In other news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,892,616. This trade represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $27,942,799.96. This represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 89,525 shares of company stock valued at $112,769,801. 4.96% of the stock is owned by corporate 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.