Bank of New York Mellon Corp Takes $424.59 Million Position in Transdigm Group Incorporated $TDG

Key Points

• Bank of New York Mellon initiated a $424.6 million position in TransDigm, purchasing 318,749 shares—about 0.57% of the aerospace components maker. Institutional investors collectively own 95.78% of the company.
• TransDigm exceeded quarterly expectations, reporting $10.87 in adjusted EPS versus a $10.30 consensus estimate and $2.74 billion in revenue, up 22.5% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $1,463.71.
• Company insiders sold 38,196 shares worth approximately $48.0 million over the past three months, including substantial sales by Director W. Nicholas Howley and COO Joel Reiss.

Bank of New York Mellon Corp bought a new stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 318,749 shares of the aerospace company's stock, valued at approximately $424,587,000. Bank of New York Mellon Corp owned about 0.57% of Transdigm Group at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ares Financial Consulting LLC purchased a new stake in shares of Transdigm Group in the fourth quarter valued at approximately $25,000. Elyxium Wealth LLC acquired a new stake in Transdigm Group in the 4th quarter valued at approximately $25,000. Burkett Financial Services LLC purchased a new stake in shares of Transdigm Group in the 2nd quarter valued at $25,000. MCF Advisors LLC boosted its stake in shares of Transdigm Group by 900.0% in the fourth quarter. MCF Advisors LLC now owns 20 shares of the aerospace company's stock valued at $27,000 after purchasing an additional 18 shares during the period. Finally, Transamerica Financial Advisors LLC boosted its position in Transdigm Group by 1,900.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 20 shares of the aerospace company's stock valued at $27,000 after buying an additional 19 shares during the period. Hedge funds and other institutional investors own 95.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TDG shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of Transdigm Group from $1,306.00 to $1,350.00 and gave the stock a "hold" rating in a research note on Wednesday, May 6th. Wall Street Zen cut shares of Transdigm Group from a "buy" rating to a "hold" rating in a research report on Monday, July 20th. BMO Capital Markets boosted their target price on shares of Transdigm Group from $1,450.00 to $1,525.00 and gave the stock an "outperform" rating in a research note on Thursday, July 2nd. Weiss Ratings lowered Transdigm Group from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, June 2nd. Finally, BNP Paribas Exane cut their price target on Transdigm Group from $1,800.00 to $1,750.00 and set an "outperform" rating on the stock in a research note on Thursday, May 14th. Six research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $1,463.71.

Transdigm Group Trading Up 2.1%

Shares of TDG stock opened at $1,204.92 on Friday. The stock has a 50 day simple moving average of $1,269.76 and a 200-day simple moving average of $1,246.72. The company has a market cap of $67.39 billion, a price-to-earnings ratio of 36.56, a price-to-earnings-growth ratio of 1.97 and a beta of 0.91. Transdigm Group Incorporated has a 12-month low of $1,123.61 and a 12-month high of $1,463.03.

Transdigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $10.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.30 by $0.57. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.68 billion. Transdigm Group had a negative return on equity of 23.65% and a net margin of 19.69%.The business's revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $9.60 EPS. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. On average, equities analysts forecast that Transdigm Group Incorporated will post 38.81 earnings per share for the current fiscal year.

Insider Activity at Transdigm Group

In other Transdigm Group news, Director W Nicholas Howley sold 10,132 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $1,236.28, for a total value of $12,525,988.96. Following the completion of the transaction, the director owned 21,548 shares in the company, valued at $26,639,361.44. This represents a 31.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Joel Reiss sold 3,900 shares of the firm's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $1,238.76, for a total transaction of $4,831,164.00. Following the sale, the chief operating officer directly owned 3,600 shares of the company's stock, valued at approximately $4,459,536. The trade was a 52.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 38,196 shares of company stock worth $48,027,598 over the last three months. Corporate insiders own 3.20% of the company's stock.

About Transdigm Group

TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components and systems for commercial and military aerospace applications. The company's product portfolio covers a broad range of mission-critical parts and subsystems, including mechanical and electromechanical components, ignition and fuel system parts, sensors and actuators, cockpit and cabin systems, and other safety-critical hardware. TransDigm supplies original equipment manufacturers (OEMs) as well as the aftermarket, providing spare parts, repair and overhaul services and component support throughout an asset's life cycle.

TransDigm's operating model places emphasis on proprietary, niche components that are difficult to replace, and the company operates through a collection of independently run subsidiaries and brands that sell specialized products.

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