Amundi Boosts Stock Holdings in Transdigm Group Incorporated $TDG

Key Points

• Amundi's Acquisition: Amundi increased its holdings in Transdigm Group by 84.7%, acquiring an additional 20,354 shares, bringing its ownership to approximately 0.08% valued at $60.5 million.
• Insider Selling: CFO Sarah Wynne and COO Joel Reiss sold a total of 6,200 shares, marking a significant decrease in their ownership with Wynne reducing her stake by 48.48% and Reiss by 45.45%.
• Special Dividend Announcement: Transdigm Group announced a special dividend of $90, set to be paid on September 12, up from the previous $75 dividend, highlighting a strong financial position.

Amundi grew its holdings in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 84.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,371 shares of the aerospace company's stock after acquiring an additional 20,354 shares during the quarter. Amundi owned 0.08% of Transdigm Group worth $60,496,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Transdigm Group by 1.4% in the first quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company's stock valued at $8,797,619,000 after acquiring an additional 89,121 shares during the last quarter. GAMMA Investing LLC raised its holdings in Transdigm Group by 177,412.3% during the first quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company's stock worth $1,716,401,000 after buying an additional 1,240,112 shares during the last quarter. Windacre Partnership LLC grew its holdings in shares of Transdigm Group by 3.6% during the fourth quarter. Windacre Partnership LLC now owns 753,997 shares of the aerospace company's stock valued at $955,525,000 after buying an additional 25,997 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Transdigm Group by 4.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 364,956 shares of the aerospace company's stock valued at $504,840,000 after buying an additional 14,703 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Transdigm Group by 24.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 341,771 shares of the aerospace company's stock valued at $433,120,000 after buying an additional 67,151 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Transdigm Group Price Performance

Shares of NYSE:TDG traded down $23.37 during trading on Wednesday, hitting $1,288.72. 447,496 shares of the company's stock were exchanged, compared to its average volume of 300,211. Transdigm Group Incorporated has a 52-week low of $1,183.60 and a 52-week high of $1,623.82. The business's 50-day simple moving average is $1,471.09 and its 200 day simple moving average is $1,417.41. The company has a market cap of $72.62 billion, a price-to-earnings ratio of 42.77, a PEG ratio of 2.73 and a beta of 1.03.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data 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). Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the previous year, the business earned $9.00 earnings per share. Transdigm Group's revenue for the quarter was up 9.3% on a year-over-year basis. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, sell-side analysts anticipate that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Transdigm Group Increases Dividend

The firm also recently disclosed a special dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be given a $90.00 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a positive change from Transdigm Group's previous special dividend of $75.00.

Analyst Ratings Changes

TDG has been the subject of several research reports. Royal Bank Of Canada downgraded Transdigm Group from an "outperform" rating to a "sector perform" rating and cut their price target for the stock from $1,550.00 to $1,385.00 in a research note on Monday. Morgan Stanley lifted their price target on 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. Truist Financial raised their price objective on Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a report on Friday, July 11th. KeyCorp decreased their price target on Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Finally, Wall Street Zen raised Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,607.57.

Insiders Place Their Bets

In related news, Director Michael Graff sold 1,760 shares of Transdigm Group stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $1,402.10, for a total value of $2,467,696.00. Following the completion of the transaction, the director owned 1,964 shares in the company, valued at $2,753,724.40. The trade was a 47.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Joel Reiss sold 3,000 shares of Transdigm Group stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $1,406.07, for a total value of $4,218,210.00. Following the completion of the transaction, the chief operating officer owned 3,600 shares of the company's stock, valued at approximately $5,061,852. This represents a 45.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,232 shares of company stock worth $31,255,316 over the last quarter. Company 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.