Cresset Asset Management LLC Sells 239 Shares of Transdigm Group Incorporated $TDG

Key Points

• Cresset Asset Management LLC has reduced its stake in Transdigm Group by 17.4%, owning 1,136 shares valued at $1,571,000 after the sale.
• Transdigm Group recently announced a special dividend increase to $90.00 per share, up from $75.00, to be paid on September 12th.
• Analysts have mixed opinions on the stock, with an average price target of $1,624.69, suggesting a general belief in its growth potential despite recent earnings misses.

Cresset Asset Management LLC decreased its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 17.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,136 shares of the aerospace company's stock after selling 239 shares during the period. Cresset Asset Management LLC's holdings in Transdigm Group were worth $1,571,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TDG. Jump Financial LLC acquired a new stake in Transdigm Group in the fourth quarter worth $350,000. NewEdge Advisors LLC grew its holdings in Transdigm Group by 4.5% in the fourth quarter. NewEdge Advisors LLC now owns 1,489 shares of the aerospace company's stock worth $1,887,000 after purchasing an additional 64 shares during the period. First Trust Advisors LP grew its holdings in Transdigm Group by 5.8% in the fourth quarter. First Trust Advisors LP now owns 32,480 shares of the aerospace company's stock worth $41,161,000 after purchasing an additional 1,775 shares during the period. Dimensional Fund Advisors LP grew its holdings in Transdigm Group by 3.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 143,869 shares of the aerospace company's stock worth $182,344,000 after purchasing an additional 4,141 shares during the period. Finally, MML Investors Services LLC grew its holdings in Transdigm Group by 5.8% in the fourth quarter. MML Investors Services LLC now owns 5,521 shares of the aerospace company's stock worth $6,997,000 after purchasing an additional 301 shares during the period. Institutional investors own 95.78% of the company's stock.

Transdigm Group Trading Up 1.0%

Shares of NYSE TDG traded up $13.8020 during midday trading on Friday, hitting $1,406.9420. The company's stock had a trading volume of 251,126 shares, compared to its average volume of 410,069. The stock has a fifty day moving average price of $1,498.97 and a 200 day moving average price of $1,415.68. The firm has a market capitalization of $79.28 billion, a price-to-earnings ratio of 46.70, a P/E/G ratio of 2.98 and a beta of 1.07. Transdigm Group Incorporated has a one year low of $1,183.60 and a one year 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 for the quarter, missing analysts' consensus estimates of $9.75 by ($0.15). The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate 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 revenue was up 9.3% on a year-over-year basis. During the same period last year, the company posted $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, equities research analysts predict that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

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

Insider Transactions at Transdigm Group

In related news, Director Robert J. Small sold 45,700 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $1,425.01, for a total value of $65,122,957.00. Following the transaction, the director owned 88,419 shares of the company's stock, valued at $125,997,959.19. This represents a 34.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sarah Wynne sold 3,200 shares of the stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $1,452.15, for a total value of $4,646,880.00. Following the completion of the transaction, the chief financial officer directly owned 3,400 shares in the company, valued at approximately $4,937,310. This represents a 48.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 65,172 shares of company stock worth $93,910,577 in the last three months. Insiders own 4.09% of the company's stock.

Analyst Ratings Changes

TDG has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of 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 raised 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 report on Monday, June 23rd. UBS Group raised their price target 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. KeyCorp lowered their price objective on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Finally, Truist Financial lifted their price objective on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.