Wells Fargo & Company MN decreased its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 18.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 270,911 shares of the aerospace company’s stock after selling 62,334 shares during the period. Wells Fargo & Company MN owned 0.52% of Transdigm Group worth $69,258,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of TDG. Vanguard Group Inc. increased its position in shares of Transdigm Group by 1.6% in the second quarter. Vanguard Group Inc. now owns 4,824,369 shares of the aerospace company’s stock worth $1,297,129,000 after acquiring an additional 76,897 shares in the last quarter. Tiger Global Management LLC increased its position in shares of Transdigm Group by 57.4% in the second quarter. Tiger Global Management LLC now owns 4,000,000 shares of the aerospace company’s stock worth $1,075,480,000 after acquiring an additional 1,459,272 shares in the last quarter. BlackRock Inc. increased its position in shares of Transdigm Group by 0.9% in the second quarter. BlackRock Inc. now owns 3,992,584 shares of the aerospace company’s stock worth $1,073,487,000 after acquiring an additional 37,025 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Transdigm Group by 1.3% in the third quarter. Principal Financial Group Inc. now owns 2,677,120 shares of the aerospace company’s stock worth $684,405,000 after acquiring an additional 35,010 shares in the last quarter. Finally, Capital International Investors increased its position in shares of Transdigm Group by 51.8% in the second quarter. Capital International Investors now owns 1,332,593 shares of the aerospace company’s stock worth $358,294,000 after acquiring an additional 454,568 shares in the last quarter.

Several equities research analysts have recently issued reports on the stock. Cowen reissued a “market perform” rating and issued a $290.00 price objective (up previously from $219.00) on shares of Transdigm Group in a research report on Thursday, August 10th. Vertical Research restated a “buy” rating and issued a $316.00 target price (up from $280.00) on shares of Transdigm Group in a research note on Thursday, August 10th. Zacks Investment Research downgraded shares of Transdigm Group from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. SunTrust Banks restated a “buy” rating and issued a $300.00 target price on shares of Transdigm Group in a research note on Monday, October 2nd. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $320.00 price objective (up from $301.00) on shares of Transdigm Group in a research note on Thursday, August 10th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Transdigm Group has a consensus rating of “Buy” and an average target price of $296.87.

Transdigm Group Incorporated (NYSE TDG) traded up $1.15 during mid-day trading on Friday, hitting $275.15. 476,800 shares of the company were exchanged, compared to its average volume of 790,600. The company has a debt-to-equity ratio of -3.86, a quick ratio of 1.61 and a current ratio of 2.45. Transdigm Group Incorporated has a 1-year low of $203.72 and a 1-year high of $295.00. The firm has a market cap of $14,300.00, a PE ratio of 23.01, a PEG ratio of 2.31 and a beta of 0.62.

Transdigm Group (NYSE:TDG) last released its quarterly earnings data on Thursday, November 9th. The aerospace company reported $3.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.18 by $0.30. Transdigm Group had a net margin of 12.44% and a negative return on equity of 30.13%. The business had revenue of $923.89 million for the quarter, compared to analysts’ expectations of $959.77 million. During the same quarter last year, the company earned $3.29 EPS. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. analysts expect that Transdigm Group Incorporated will post 12.69 earnings per share for the current fiscal year.

In other Transdigm Group news, VP Robert S. Henderson sold 15,000 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $263.74, for a total transaction of $3,956,100.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO W Nicholas Howley sold 63,776 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $268.60, for a total transaction of $17,130,233.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 98,648 shares of company stock worth $26,299,932. Corporate insiders own 10.52% of the company’s stock.

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About Transdigm Group

TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.

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Institutional Ownership by Quarter for Transdigm Group (NYSE:TDG)

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