Danske Bank A S Takes Position in Transdigm Group Incorporated $TDG

Key Points

• Danske Bank acquired 48,972 shares of TransDigm Group in the second quarter, valued at approximately $65.2 million, giving it a 0.09% stake. Institutional investors collectively own 95.78% of TDG.
• TransDigm insiders sold 28,064 shares worth about $35.5 million over the past 90 days, while insider ownership stands at 3.20%.
• Analyst sentiment is cautious, with six Buy ratings and eleven Holds producing a consensus “Hold” rating and a $1,463.71 price target. The company nonetheless exceeded quarterly expectations, reporting $10.87 EPS and $2.74 billion in revenue, up 22.5% year over year.

Danske Bank A S acquired a new stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund acquired 48,972 shares of the aerospace company's stock, valued at approximately $65,233,000. Danske Bank A S owned 0.09% of Transdigm Group as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in TDG. Capital International Investors lifted its holdings in shares of Transdigm Group by 0.9% in the fourth quarter. Capital International Investors now owns 6,544,423 shares of the aerospace company's stock worth $8,702,655,000 after buying an additional 55,230 shares in the last quarter. BlackRock Inc. purchased a new position in Transdigm Group during the second quarter valued at approximately $6,489,039,000. Capital World Investors grew its stake in Transdigm Group by 0.4% during the fourth quarter. Capital World Investors now owns 3,954,512 shares of the aerospace company's stock valued at $5,258,898,000 after acquiring an additional 15,825 shares in the last quarter. Capital Research Global Investors increased its holdings in Transdigm Group by 12.2% during the 4th quarter. Capital Research Global Investors now owns 2,476,661 shares of the aerospace company's stock worth $3,293,527,000 after acquiring an additional 268,824 shares during the period. Finally, State Street Corp lifted its stake in Transdigm Group by 2.8% in the 4th quarter. State Street Corp now owns 2,456,186 shares of the aerospace company's stock worth $3,266,359,000 after purchasing an additional 67,348 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Insider Activity at Transdigm Group

In related news, Director W Nicholas Howley sold 10,132 shares of the company's stock in a transaction on Monday, July 20th. The stock was sold at an average price of $1,216.08, for a total value of $12,321,322.56. Following the sale, the director directly owned 21,548 shares of the company's stock, valued at $26,204,091.84. This represents a 31.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Joel Reiss sold 3,900 shares of the company's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $1,238.76, for a total value of $4,831,164.00. Following the completion of the sale, the chief operating officer directly owned 3,600 shares in the company, 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 have sold 28,064 shares of company stock worth $35,501,609 over the last 90 days. 3.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TDG. Susquehanna lowered their price objective on Transdigm Group from $1,400.00 to $1,350.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 6th. Wall Street Zen lowered Transdigm Group from a "buy" rating to a "hold" rating in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft raised their price target on Transdigm Group from $1,306.00 to $1,350.00 and gave the company a "hold" rating in a report on Wednesday, May 6th. Weiss Ratings downgraded Transdigm Group from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, June 2nd. Finally, Morgan Stanley lowered Transdigm Group from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $1,680.00 to $1,345.00 in a report on Wednesday, July 15th. Six equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $1,463.71.

Transdigm Group Price Performance

TDG stock opened at $1,236.76 on Wednesday. The firm has a 50-day moving average of $1,272.09 and a 200 day moving average of $1,250.15. The company has a market cap of $69.17 billion, a P/E ratio of 37.52, a PEG ratio of 2.10 and a beta of 0.91. Transdigm Group Incorporated has a 1 year low of $1,123.61 and a 1 year high of $1,463.03.

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

Transdigm Group Company Profile

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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