Transdigm Group Incorporated $TDG Shares Sold by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC significantly reduced its holdings in Transdigm Group, lowering its position by 77% to 2,696 shares valued at approximately $3.73 million.
• Transdigm Group's recent quarterly earnings report showed EPS of $9.60, which was below analysts' expectations of $9.75, despite a 9.3% increase in revenue compared to the previous year.
• The company declared a special dividend of $90.00 per share, up from $75.00, payable to stockholders of record, reflecting strong financial performance even amid stock fluctuations.

Intech Investment Management LLC decreased its position in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 77.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,696 shares of the aerospace company's stock after selling 9,035 shares during the period. Intech Investment Management LLC's holdings in Transdigm Group were worth $3,729,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TDG. Janus Henderson Group PLC boosted its stake in shares of Transdigm Group by 3.2% during the fourth quarter. Janus Henderson Group PLC now owns 7,431 shares of the aerospace company's stock valued at $9,413,000 after acquiring an additional 229 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Transdigm Group by 38.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,620 shares of the aerospace company's stock valued at $7,122,000 after acquiring an additional 1,568 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Transdigm Group during the fourth quarter valued at $2,350,000. Quantinno Capital Management LP boosted its stake in shares of Transdigm Group by 12.3% during the fourth quarter. Quantinno Capital Management LP now owns 5,329 shares of the aerospace company's stock valued at $6,754,000 after acquiring an additional 584 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of Transdigm Group by 14.4% during the fourth quarter. ProShare Advisors LLC now owns 8,127 shares of the aerospace company's stock valued at $10,299,000 after acquiring an additional 1,023 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on TDG. Stifel Nicolaus began coverage on Transdigm Group in a research note on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price objective on the stock. Citigroup increased their target price on Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Morgan Stanley increased 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. Susquehanna increased 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. Finally, JPMorgan Chase & Co. increased their target price on Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Transdigm Group presently has an average rating of "Moderate Buy" and a consensus price target of $1,607.57.

Transdigm Group Stock Performance

Shares of NYSE:TDG traded up $18.08 during mid-day trading on Monday, hitting $1,289.53. 307,818 shares of the company traded hands, compared to its average volume of 379,109. 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 simple moving average is $1,452.37 and its 200 day simple moving average is $1,416.44. The firm has a market cap of $72.66 billion, a P/E ratio of 42.80, a PEG ratio of 2.69 and a beta of 1.03.

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

Transdigm Group Increases Dividend

The firm also recently disclosed a special dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $90.00 per share. The ex-dividend date was Tuesday, September 2nd. This is a boost from Transdigm Group's previous special dividend of $75.00.

Insiders Place Their Bets

In other news, Director Michael Graff sold 1,760 shares of Transdigm Group stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $1,402.10, for a total value of $2,467,696.00. Following the completion of the transaction, the director owned 1,964 shares in the company, valued at approximately $2,753,724.40. This trade represents a 47.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of Transdigm Group stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $1,406.07, for a total value of $4,218,210.00. Following the completion of the transaction, the chief operating officer owned 3,600 shares of the company's stock, valued at approximately $5,061,852. The trade was a 45.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,496 shares of company stock worth $20,047,433 in the last three months. 4.09% of the stock is owned by insiders.

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.