M&T Bank Corp Trims Stock Position in TransDigm Group Incorporated (NYSE:TDG)

M&T Bank Corp reduced its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 3.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,270 shares of the aerospace company’s stock after selling 230 shares during the period. M&T Bank Corp’s holdings in TransDigm Group were worth $10,376,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Unigestion Holding SA purchased a new position in TransDigm Group during the 3rd quarter valued at about $1,476,000. Coldstream Capital Management Inc. grew its holdings in TransDigm Group by 11.5% in the third quarter. Coldstream Capital Management Inc. now owns 668 shares of the aerospace company’s stock valued at $949,000 after purchasing an additional 69 shares during the period. Geode Capital Management LLC raised its position in shares of TransDigm Group by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company’s stock worth $1,612,583,000 after buying an additional 19,314 shares during the period. MidWestOne Financial Group Inc. purchased a new stake in shares of TransDigm Group during the 3rd quarter worth about $201,000. Finally, Brophy Wealth Management LLC acquired a new stake in shares of TransDigm Group in the third quarter worth $1,125,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at approximately $30,228,611.80. This trade represents a 20.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $5,046,300. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,525 shares of company stock valued at $88,134,141 over the last three months. Company insiders own 4.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TDG shares. JPMorgan Chase & Co. lifted their price objective 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. StockNews.com downgraded TransDigm Group from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft upped their target price on TransDigm Group from $1,524.00 to $1,577.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. KeyCorp lifted their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Finally, Citigroup upped their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,465.47.

TransDigm Group Stock Performance

TransDigm Group stock opened at $1,276.15 on Monday. TransDigm Group Incorporated has a 1 year low of $972.08 and a 1 year high of $1,451.32. The firm’s 50 day moving average price is $1,305.89 and its two-hundred day moving average price is $1,310.69. The firm has a market cap of $71.76 billion, a price-to-earnings ratio of 49.85, a price-to-earnings-growth ratio of 2.89 and a beta of 1.39.

About TransDigm Group

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.