Red Door Wealth Management LLC Has $9.79 Million Holdings in TransDigm Group Incorporated (NYSE:TDG)

Red Door Wealth Management LLC grew its position in TransDigm Group Incorporated (NYSE:TDG) by 4.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 7,728 shares of the aerospace company’s stock after acquiring an additional 325 shares during the period. TransDigm Group accounts for approximately 1.5% of Red Door Wealth Management LLC’s investment portfolio, making the stock its 15th biggest position. Red Door Wealth Management LLC’s holdings in TransDigm Group were worth $9,794,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TDG. First Personal Financial Services bought a new position in shares of TransDigm Group during the 3rd quarter worth about $29,000. Erste Asset Management GmbH bought a new stake in shares of TransDigm Group in the third quarter valued at approximately $29,000. Trust Co. of Vermont lifted its position in shares of TransDigm Group by 150.0% during the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 15 shares in the last quarter. Versant Capital Management Inc boosted its stake in TransDigm Group by 225.0% in the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 18 shares during the period. Finally, DT Investment Partners LLC boosted its stake in TransDigm Group by 68.8% during the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after buying an additional 11 shares during the period. 95.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Transactions at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were 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 directly owns 3,600 shares in the company, valued at $4,892,616. This represents a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director W Nicholas Howley sold 5,472 shares of the business’s 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 sale, the director now directly owns 21,548 shares in the company, valued at $27,942,799.96. This trade represents a 20.25 % 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 over the last ninety days. Corporate insiders own 4.96% of the company’s stock.

TransDigm Group Stock Performance

Shares of TDG stock opened at $1,349.55 on Friday. TransDigm Group Incorporated has a 1 year low of $1,058.94 and a 1 year high of $1,451.32. The stock has a market cap of $75.89 billion, a PE ratio of 52.72, a price-to-earnings-growth ratio of 3.06 and a beta of 1.38. The business’s fifty day moving average is $1,276.73 and its 200-day moving average is $1,308.34.

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.