Alkeon Capital Management LLC Sells 180 Shares of Transdigm Group Incorporated $TDG

Key Points

• Alkeon Capital Management reduced its stake in Transdigm Group by 0.1%, maintaining 245,611 shares worth approximately $339.75 million, which accounts for 0.7% of its total holdings.
• Analysts are optimistic about Transdigm Group, with several raising their target prices and assigning an average rating of "Moderate Buy" and a consensus target price of $1,624.69.
• Transdigm Group announced a special dividend of $90.00 per share, an increase from a previous special dividend of $75.00, to be paid on September 12th.

Alkeon Capital Management LLC lessened its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 0.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 245,611 shares of the aerospace company's stock after selling 180 shares during the quarter. Transdigm Group accounts for 0.7% of Alkeon Capital Management LLC's investment portfolio, making the stock its 22nd biggest position. Alkeon Capital Management LLC owned 0.44% of Transdigm Group worth $339,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vontobel Holding Ltd. acquired a new position in shares of Transdigm Group during the first quarter worth about $387,000. Dynamic Advisor Solutions LLC purchased a new stake in shares of Transdigm Group during the first quarter worth about $1,113,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Transdigm Group by 4.6% during the first 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 during the last quarter. BNP Paribas Financial Markets increased its holdings in Transdigm Group by 5.4% in 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 last quarter. Finally, Mutual Advisors LLC bought a new stake in Transdigm Group in the first quarter valued at about $263,000. Institutional investors and hedge funds own 95.78% of the company's stock.

Transdigm Group Trading Down 0.8%

Transdigm Group stock traded down $9.65 during mid-day trading on Friday, hitting $1,272.16. 489,982 shares of the company's stock were exchanged, compared to its average volume of 335,867. The stock has a market cap of $71.69 billion, a P/E ratio of 42.22, a P/E/G ratio of 2.71 and a beta of 1.03. Transdigm Group Incorporated has a 1-year low of $1,183.60 and a 1-year high of $1,623.82. The stock has a 50 day moving average of $1,479.69 and a two-hundred day moving average of $1,416.89.

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

Transdigm Group Increases Dividend

The business also recently announced a special dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, September 2nd will be paid a $90.00 dividend. The ex-dividend date is Tuesday, September 2nd. This is a boost from Transdigm Group's previous special dividend of $75.00.

Insiders Place Their Bets

In other news, Director Robert J. Small sold 45,700 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $1,425.01, for a total transaction of $65,122,957.00. Following the completion of the sale, the director owned 88,419 shares of the company's stock, valued at approximately $125,997,959.19. This trade represents a 34.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Sarah Wynne sold 1,800 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $1,450.00, for a total transaction of $2,610,000.00. Following the sale, the chief financial officer directly owned 3,400 shares of the company's stock, valued at approximately $4,930,000. The trade was a 34.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,932 shares of company stock valued at $96,378,273 in the last quarter. 4.09% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TDG. Wall Street Zen upgraded Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Truist Financial increased their price objective on 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. JPMorgan Chase & Co. increased their target price on Transdigm Group from $1,480.00 to $1,500.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. The Goldman Sachs Group increased their target price on Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Finally, UBS Group increased their target price on Transdigm Group from $1,815.00 to $1,839.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,624.69.

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.