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

Empirical Asset Management LLC increased its position in TransDigm Group Incorporated (NYSE:TDG) by 110.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,815 shares of the aerospace company’s stock after buying an additional 3,049 shares during the period. Empirical Asset Management LLC’s holdings in TransDigm Group were worth $7,369,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Windacre Partnership LLC lifted its stake in TransDigm Group by 42.7% in the 3rd quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock worth $1,038,951,000 after purchasing an additional 217,700 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after purchasing an additional 173,642 shares in the last quarter. Darsana Capital Partners LP purchased a new stake in TransDigm Group in the 2nd quarter worth $210,806,000. International Assets Investment Management LLC lifted its stake in TransDigm Group by 108,517.8% in the 3rd quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company’s stock worth $69,755,000 after purchasing an additional 48,833 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in TransDigm Group by 2,868.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 47,069 shares of the aerospace company’s stock worth $60,136,000 after purchasing an additional 48,769 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

TDG has been the topic of several research analyst reports. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Barclays restated an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Wells Fargo & Company decreased their target price on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 11th. Finally, Truist Financial upped their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research report on Tuesday. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,455.00.

Insider Activity at TransDigm Group

In related news, Director W Nicholas Howley sold 5,472 shares of the 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 transaction 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 $27,942,799.96. This represents a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,337,899.18. This represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 86,525 shares of company stock valued at $108,692,621 over the last 90 days. Insiders own 4.96% of the company’s stock.

TransDigm Group Stock Performance

NYSE TDG opened at $1,320.63 on Friday. TransDigm Group Incorporated has a 52-week low of $1,025.01 and a 52-week high of $1,451.32. The firm’s 50 day moving average price is $1,277.95 and its 200-day moving average price is $1,305.97. The company has a market cap of $74.26 billion, a PE ratio of 51.59, a P/E/G ratio of 2.84 and a beta of 1.38.

TransDigm Group 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.