Douglass Winthrop Advisors LLC Sells 555 Shares of Transdigm Group Incorporated $TDG

Key Points

• Douglass Winthrop Advisors LLC has reduced its stake in Transdigm Group by 0.5%, now holding 101,714 shares worth approximately $140.7 million, making it the 12th largest position in their portfolio.
• Insider sales included COO Joel Reiss selling 3,000 shares and Director Robert J. Small selling 45,700 shares, reflecting a significant decrease in their ownership of the stock.
• Transdigm Group recently announced a special dividend of $90.00 per share, up from a previous special dividend of $75.00, showcasing confidence in its financial performance amid positive revenue growth.

Douglass Winthrop Advisors LLC reduced its holdings in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 0.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 101,714 shares of the aerospace company's stock after selling 555 shares during the quarter. Transdigm Group makes up about 2.7% of Douglass Winthrop Advisors LLC's holdings, making the stock its 12th largest position. Douglass Winthrop Advisors LLC owned about 0.18% of Transdigm Group worth $140,700,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Bruce G. Allen Investments LLC lifted its holdings in Transdigm Group by 111.1% during the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock worth $26,000 after acquiring an additional 10 shares during the period. Winch Advisory Services LLC increased 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 worth $28,000 after buying an additional 7 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in Transdigm Group in the fourth quarter worth $32,000. Wayfinding Financial LLC purchased a new stake in Transdigm Group in the first quarter worth $75,000. Finally, CVA Family Office LLC increased 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 worth $80,000 after buying an additional 32 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $1,424.27, for a total transaction of $4,272,810.00. Following the completion of the transaction, the chief operating officer directly owned 3,600 shares in the company, valued at $5,127,372. The trade was a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert J. Small sold 45,700 shares of the business's stock in a transaction dated 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 approximately $125,997,959.19. The trade was a 34.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,172 shares of company stock valued at $93,910,577 in the last ninety days. Corporate insiders own 4.09% of the company's stock.

Transdigm Group Stock Performance

Shares of NYSE TDG opened at $1,406.9420 on Friday. The stock has a market cap of $79.28 billion, a PE ratio of 46.70, a price-to-earnings-growth ratio of 2.94 and a beta of 1.07. Transdigm Group Incorporated has a fifty-two week low of $1,183.60 and a fifty-two week high of $1,623.82. The stock has a fifty day moving average of $1,498.97 and a 200-day moving average of $1,414.83.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share for the quarter, missing the consensus estimate of $9.75 by ($0.15). The company had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.29 billion. Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. Transdigm Group's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm posted $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, sell-side analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

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

Analyst Ratings Changes

A number of analysts have issued reports on the company. Truist Financial raised their target price on 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. Morgan Stanley raised their target price on Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. UBS Group raised their target price on Transdigm Group from $1,815.00 to $1,839.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Wells Fargo & Company raised their target price on Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Susquehanna raised their target price on Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,624.69.

About Transdigm Group

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.

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