KLP Kapitalforvaltning AS Purchases 1,600 Shares of Transdigm Group Incorporated $TDG

Key Points

• KLP Kapitalforvaltning AS has increased its stake in Transdigm Group Incorporated by 4.5%, owning a total of 37,292 shares valued at approximately $56.7 million after purchasing an additional 1,600 shares.
• Transdigm reported quarterly earnings of $9.60 per share, which fell short of analysts' expectations of $9.75, while revenue reached $2.24 billion, a 9.3% increase year-over-year.
• The company recently announced a special dividend of $90.00 per share, raised from the previous special dividend of $75.00, reflecting continued financial strength.

KLP Kapitalforvaltning AS increased its position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 4.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,292 shares of the aerospace company's stock after buying an additional 1,600 shares during the period. KLP Kapitalforvaltning AS owned 0.07% of Transdigm Group worth $56,708,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Transdigm Group by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company's stock worth $8,797,619,000 after acquiring an additional 89,121 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Transdigm Group by 4.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 364,956 shares of the aerospace company's stock valued at $504,840,000 after purchasing an additional 14,703 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Transdigm Group by 3.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 354,613 shares of the aerospace company's stock worth $490,533,000 after purchasing an additional 12,842 shares during the period. Goldman Sachs Group Inc. grew its stake in Transdigm Group by 32.7% during the first quarter. Goldman Sachs Group Inc. now owns 273,924 shares of the aerospace company's stock worth $378,917,000 after purchasing an additional 67,547 shares during the period. Finally, Vulcan Value Partners LLC increased its holdings in Transdigm Group by 5.6% in the first quarter. Vulcan Value Partners LLC now owns 249,026 shares of the aerospace company's stock worth $344,543,000 after purchasing an additional 13,286 shares in the last quarter. Institutional investors own 95.78% of the company's stock.

Insider Buying and Selling

In related news, Director Robert J. Small sold 5,000 shares of the company's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $1,276.98, for a total transaction of $6,384,900.00. Following the completion of the sale, the director owned 83,419 shares in the company, valued at approximately $106,524,394.62. This represents a 5.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director W Nicholas Howley sold 2,736 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $1,282.47, for a total value of $3,508,837.92. Following the completion of the sale, the director directly owned 21,548 shares of the company's stock, valued at $27,634,663.56. The trade was a 11.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,232 shares of company stock valued at $29,496,571. Company insiders own 4.09% of the company's stock.

Transdigm Group Trading Up 0.3%

Shares of TDG stock opened at $1,293.23 on Tuesday. The firm has a fifty day simple moving average of $1,367.57 and a two-hundred day simple moving average of $1,410.62. Transdigm Group Incorporated has a 12 month low of $1,183.60 and a 12 month high of $1,623.82. The firm has a market capitalization of $72.87 billion, a PE ratio of 42.92, a price-to-earnings-growth ratio of 2.33 and a beta of 1.02.

Transdigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings data 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 business had revenue of $2.24 billion during 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 firm's quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the business posted $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, equities analysts predict that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TDG shares. KeyCorp cut their price target on Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Susquehanna boosted their target price on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Citigroup raised their price target on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Stifel Nicolaus initiated coverage on shares of Transdigm Group in a research note on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 price target for the company. Finally, Morgan Stanley upped their price objective on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $1,588.50.

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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