TransDigm Group (NYSE:TDG) Given New $1,375.00 Price Target at Wells Fargo & Company

TransDigm Group (NYSE:TDG) had its price target dropped by Wells Fargo & Company from $1,500.00 to $1,375.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the aerospace company’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 8.11% from the stock’s previous close.

A number of other research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. 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. Jefferies Financial Group decreased their price target on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. StockNews.com cut shares of TransDigm Group from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, TransDigm Group currently has an average rating of “Moderate Buy” and a consensus target price of $1,465.47.

TransDigm Group Trading Up 0.8 %

Shares of TDG traded up $10.31 during trading hours on Wednesday, reaching $1,271.88. 39,276 shares of the stock traded hands, compared to its average volume of 226,149. TransDigm Group has a 52-week low of $972.08 and a 52-week high of $1,451.32. The company’s 50-day moving average price is $1,330.10 and its two-hundred day moving average price is $1,315.24. The company has a market cap of $71.52 billion, a P/E ratio of 49.62, a price-to-earnings-growth ratio of 2.93 and a beta of 1.39.

Insider Activity at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the transaction, the director now directly owns 21,548 shares in the company, valued at $29,659,098.16. This represents a 20.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,953,204. This represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,944 shares of company stock worth $23,541,085. Insiders own 4.96% of the company’s stock.

Hedge Funds Weigh In On TransDigm Group

A number of hedge funds have recently added to or reduced their stakes in the stock. First Personal Financial Services purchased a new stake in shares of TransDigm Group in the 3rd quarter worth approximately $29,000. Erste Asset Management GmbH purchased a new stake in shares of TransDigm Group in the 3rd quarter worth approximately $29,000. Meeder Asset Management Inc. lifted its position in shares of TransDigm Group by 275.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 22 shares during the period. DT Investment Partners LLC lifted its position in shares of TransDigm Group by 68.8% in the 3rd 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 period. Finally, Hershey Financial Advisers LLC purchased a new stake in shares of TransDigm Group in the 2nd quarter worth approximately $41,000. 95.78% of the stock is currently owned by institutional investors.

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.