Aberdeen Group plc Purchases 1,843 Shares of Transdigm Group Incorporated $TDG

Key Points

• Aberdeen Group plc increased its stake in Transdigm Group by 4.8%, acquiring an additional 1,843 shares, leading to ownership of approximately 40,537 shares valued at $61.64 million.
• Transdigm Group recently declared a special dividend of $90.00, reflecting an increase from its previous special dividend of $75.00.
• Equity analysts remain optimistic about Transdigm, with an average rating of "Moderate Buy" and a consensus price target of $1,579.13.

Aberdeen Group plc lifted its position in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 4.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,537 shares of the aerospace company's stock after acquiring an additional 1,843 shares during the quarter. Aberdeen Group plc owned approximately 0.07% of Transdigm Group worth $61,642,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vontobel Holding Ltd. bought a new stake in shares of Transdigm Group in the 1st quarter worth $387,000. Dynamic Advisor Solutions LLC bought a new stake in shares of Transdigm Group in the 1st quarter worth $1,113,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Transdigm Group by 4.6% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,653 shares of the aerospace company's stock worth $11,970,000 after acquiring an additional 380 shares in the last quarter. BNP Paribas Financial Markets grew its position in Transdigm Group by 5.4% during the first quarter. BNP Paribas Financial Markets now owns 104,065 shares of the aerospace company's stock valued at $143,952,000 after buying an additional 5,369 shares during the period. Finally, Radnor Capital Management LLC grew its position in Transdigm Group by 57.9% during the second quarter. Radnor Capital Management LLC now owns 1,255 shares of the aerospace company's stock valued at $1,908,000 after buying an additional 460 shares during the period. Institutional investors own 95.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. BMO Capital Markets assumed coverage on shares of Transdigm Group in a research report on Tuesday, September 30th. They set an "outperform" rating and a $1,420.00 price target for the company. KeyCorp reduced their price target on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Morgan Stanley increased their price target on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. increased their price target on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Finally, Truist Financial increased their price target on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Transdigm Group has an average rating of "Moderate Buy" and a consensus target price of $1,579.13.

Transdigm Group Stock Up 0.1%

NYSE TDG opened at $1,276.79 on Friday. The company has a market cap of $71.95 billion, a PE ratio of 42.38, a price-to-earnings-growth ratio of 2.31 and a beta of 1.02. Transdigm Group Incorporated has a 52 week low of $1,183.60 and a 52 week high of $1,623.82. The firm's 50-day simple moving average is $1,341.66 and its two-hundred day simple moving average is $1,407.43.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $9.75 by ($0.15). Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The firm had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.29 billion. During the same period in the previous year, the company posted $9.00 earnings per share. The company's quarterly revenue was up 9.3% compared to the same quarter last year. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, equities research analysts anticipate that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

The company also recently declared a special dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were issued a $90.00 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a positive change from Transdigm Group's previous special dividend of $75.00.

Insider Activity

In other news, Director Michael Graff sold 1,760 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $1,402.10, for a total value of $2,467,696.00. Following the sale, the director directly owned 1,964 shares of the company's stock, valued at approximately $2,753,724.40. This represents a 47.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $1,276.07, for a total transaction of $3,828,210.00. Following the completion of the sale, the chief operating officer directly owned 3,600 shares in the company, valued at approximately $4,593,852. The trade was a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 21,232 shares of company stock valued at $29,496,571. Corporate insiders own 4.09% of the company's stock.

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.

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