IFM Investors Pty Ltd Acquires 381 Shares of Transdigm Group Incorporated $TDG

Key Points

• IFM Investors Pty Ltd increased its stake in Transdigm Group by 8.4%, acquiring an additional 381 shares to reach a total of 4,900 shares valued at approximately $7.45 million.
• Analysts have set new price targets for Transdigm Group, ranging from $1,500.00 to $1,839.00, with a consensus rating of "Moderate Buy" based on ten buy ratings and five hold ratings.
• Transdigm Group recently declared a special dividend of $90.00 per share, an increase from the previous $75.00 special dividend, paid on September 12th.

IFM Investors Pty Ltd increased its position in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 8.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,900 shares of the aerospace company's stock after buying an additional 381 shares during the period. IFM Investors Pty Ltd's holdings in Transdigm Group were worth $7,451,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TDG. GAMMA Investing LLC boosted its holdings in Transdigm Group by 177,412.3% in the 1st quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company's stock worth $1,716,401,000 after buying an additional 1,240,112 shares during the period. Nuveen LLC bought a new position in Transdigm Group in the 1st quarter worth $168,048,000. Bain Capital Public Equity Management II LLC bought a new position in Transdigm Group in the 1st quarter worth $157,890,000. Vanguard Group Inc. boosted its holdings in Transdigm Group by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company's stock worth $8,797,619,000 after buying an additional 89,121 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Transdigm Group by 32.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 273,924 shares of the aerospace company's stock worth $378,917,000 after buying an additional 67,547 shares during the period. Institutional investors own 95.78% of the company's stock.

Transdigm Group Stock Up 0.2%

NYSE:TDG traded up $2.33 during mid-day trading on Tuesday, hitting $1,297.62. 103,214 shares of the stock traded hands, compared to its average volume of 300,764. The stock has a market capitalization of $73.12 billion, a price-to-earnings ratio of 43.11, a PEG ratio of 2.71 and a beta of 1.03. Transdigm Group Incorporated has a 52 week low of $1,183.60 and a 52 week high of $1,623.82. The firm's 50 day moving average is $1,426.52 and its two-hundred day moving average is $1,413.94.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing the consensus estimate 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 net margin of 20.98% and a negative return on equity of 35.27%. The business's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, research analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

The business also recently announced a special dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were paid a $90.00 dividend. The ex-dividend date was Tuesday, September 2nd. This is an increase from Transdigm Group's previous special dividend of $75.00.

Insider Activity at Transdigm Group

In other Transdigm Group news, COO Joel Reiss sold 3,000 shares of the company's 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 transaction, the chief operating officer directly owned 3,600 shares in the company, valued at $5,061,852. This represents a 45.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Graff sold 1,760 shares of the company's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $1,402.10, for a total transaction of $2,467,696.00. Following the completion of the transaction, the director owned 1,964 shares in the company, valued at $2,753,724.40. This represents a 47.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,232 shares of company stock valued at $25,668,361 over the last 90 days. 4.09% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Royal Bank Of Canada cut shares of Transdigm Group from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $1,550.00 to $1,385.00 in a research note on Monday, September 8th. The Goldman Sachs Group boosted their price target on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. JPMorgan Chase & Co. boosted their price target on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Finally, Truist Financial boosted their price target on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,599.73.

Transdigm Group Company 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.