Empirical Asset Management LLC Buys 3,049 Shares of TransDigm Group Incorporated (NYSE:TDG)

Empirical Asset Management LLC grew its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 110.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,815 shares of the aerospace company’s stock after buying an additional 3,049 shares during the quarter. Empirical Asset Management LLC’s holdings in TransDigm Group were worth $7,369,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. First Personal Financial Services bought a new stake in shares of TransDigm Group in the third quarter worth about $29,000. Erste Asset Management GmbH bought a new stake in shares of TransDigm Group in the third quarter worth about $29,000. Versant Capital Management Inc grew its stake in shares of TransDigm Group by 225.0% in the fourth 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 last quarter. DT Investment Partners LLC grew its stake in shares of TransDigm Group by 68.8% in the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after purchasing an additional 11 shares during the last quarter. Finally, Hershey Financial Advisers LLC bought a new stake in shares of TransDigm Group in the second quarter worth about $41,000. 95.78% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $27,942,799.96. The trade was a 20.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,337,899.18. This trade represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,525 shares of company stock valued at $108,692,621. Company insiders own 4.96% of the company’s stock.

TransDigm Group Stock Up 2.1 %

Shares of NYSE TDG opened at $1,320.63 on Friday. TransDigm Group Incorporated has a twelve month low of $1,025.01 and a twelve month high of $1,451.32. The firm has a market cap of $74.26 billion, a P/E ratio of 51.59, a PEG ratio of 2.84 and a beta of 1.38. The company has a 50 day moving average of $1,277.95 and a 200 day moving average of $1,305.97.

Analyst Upgrades and Downgrades

TDG has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Barclays reiterated an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Wells Fargo & Company lowered their target price on shares of 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. Finally, KeyCorp lifted their target price on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,455.00.

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.