Credit Agricole S A Has $2.05 Million Stake in Transdigm Group Incorporated $TDG

Key Points

• Credit Agricole S A significantly reduced its stake in Transdigm Group by 89.2%, holding only 1,485 shares valued at approximately $2.05 million after selling over 12,200 shares in the first quarter.
• Transdigm reported quarterly earnings of $9.60 per share, missing analysts' expectations, with revenues of $2.24 billion against a forecast of $2.29 billion, representing a 9.3% year-over-year increase.
• The company announced a special dividend increase from $75.00 to $90.00, to be paid on September 12th, reflecting its commitment to returning capital to shareholders.

Credit Agricole S A decreased its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 89.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,485 shares of the aerospace company's stock after selling 12,212 shares during the period. Credit Agricole S A's holdings in Transdigm Group were worth $2,054,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bruce G. Allen Investments LLC grew its position in Transdigm Group by 111.1% in the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after purchasing an additional 10 shares in the last quarter. Winch Advisory Services LLC grew its position in Transdigm Group by 53.8% in the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after purchasing an additional 7 shares in the last quarter. Park Square Financial Group LLC bought a new position in Transdigm Group in the fourth quarter valued at $32,000. Wayfinding Financial LLC bought a new position in Transdigm Group in the first quarter valued at $75,000. Finally, CVA Family Office LLC grew its position in Transdigm Group by 123.1% in the first quarter. CVA Family Office LLC now owns 58 shares of the aerospace company's stock valued at $80,000 after purchasing an additional 32 shares in the last quarter. Institutional investors own 95.78% of the company's stock.

Insider Buying and Selling at Transdigm Group

In other Transdigm Group news, 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 sale, the chief operating officer owned 3,600 shares in the company, valued at $5,061,852. The trade was a 45.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert J. Small sold 45,700 shares of Transdigm Group stock in a transaction dated Tuesday, June 10th. The stock was 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 $125,997,959.19. This trade represents a 34.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 65,172 shares of company stock worth $93,910,577 over the last quarter. Company insiders own 4.09% of the company's stock.

Transdigm Group Stock Up 1.7%

Shares of NYSE TDG traded up $23.73 during mid-day trading on Tuesday, reaching $1,413.71. 266,990 shares of the company were exchanged, compared to its average volume of 415,674. The company's 50-day simple moving average is $1,498.03 and its 200-day simple moving average is $1,416.90. The stock has a market capitalization of $79.66 billion, a P/E ratio of 46.92, a P/E/G ratio of 2.94 and a beta of 1.07. Transdigm Group Incorporated has a twelve month low of $1,183.60 and a twelve month high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its 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). The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The business's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, equities research analysts expect that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

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

Analyst Ratings Changes

A number of research analysts recently weighed in on TDG shares. UBS Group raised their target price on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. The Goldman Sachs Group increased their price target on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Wells Fargo & Company increased their price target on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Stifel Nicolaus started coverage on shares of Transdigm Group in a research note on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 price target for the company. Finally, Wall Street Zen upgraded shares of 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 four have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $1,624.69.

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.