MetLife Investment Management LLC Has $20.78 Million Stock Holdings in Transdigm Group Incorporated $TDG

Key Points

• MetLife Investment Management LLC has reduced its stake in Transdigm Group by 2.1%, now owning 15,020 shares valued at approximately $20.78 million.
• Several institutional investors have increased their holdings in Transdigm Group, with Optiver Holding B.V. seeing the most significant rise at 301.8% during the last quarter.
• Transdigm Group will issue a special dividend of $90.00 per share, an increase from the previous dividend of $75.00, payable on September 12th.

MetLife Investment Management LLC lessened its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 2.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,020 shares of the aerospace company's stock after selling 319 shares during the quarter. MetLife Investment Management LLC's holdings in Transdigm Group were worth $20,777,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TDG. Coldstream Capital Management Inc. increased its stake in Transdigm Group by 2.7% in the 4th quarter. Coldstream Capital Management Inc. now owns 686 shares of the aerospace company's stock valued at $869,000 after buying an additional 18 shares during the period. Johnson Financial Group Inc. increased its stake in shares of Transdigm Group by 121.2% during the 4th quarter. Johnson Financial Group Inc. now owns 73 shares of the aerospace company's stock worth $99,000 after purchasing an additional 40 shares during the last quarter. Aquatic Capital Management LLC increased its stake in shares of Transdigm Group by 107.4% during the 4th quarter. Aquatic Capital Management LLC now owns 5,433 shares of the aerospace company's stock worth $6,885,000 after purchasing an additional 2,813 shares during the last quarter. Quarry LP increased its stake in shares of Transdigm Group by 42.3% during the 4th quarter. Quarry LP now owns 138 shares of the aerospace company's stock worth $175,000 after purchasing an additional 41 shares during the last quarter. Finally, Optiver Holding B.V. increased its stake in shares of Transdigm Group by 301.8% during the 4th quarter. Optiver Holding B.V. now owns 229 shares of the aerospace company's stock worth $290,000 after purchasing an additional 172 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Insider Buying and Selling at Transdigm Group

In other news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were 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 of the company's stock, valued at approximately $5,127,372. This trade represents a 45.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert J. Small sold 45,700 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $1,425.01, for a total transaction of $65,122,957.00. Following the transaction, the director directly owned 88,419 shares of the company's stock, valued at $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 sold a total of 65,172 shares of company stock valued at $93,910,577 over the last quarter. 4.09% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. increased 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. Truist Financial upped their price objective on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a "buy" rating in a report on Friday, July 11th. KeyCorp decreased their price objective on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Morgan Stanley upped their price objective 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. Finally, Susquehanna lifted their price target 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,624.69.

Transdigm Group Price Performance

Shares of Transdigm Group stock opened at $1,406.9420 on Monday. Transdigm Group Incorporated has a fifty-two week low of $1,183.60 and a fifty-two week high of $1,623.82. The firm has a fifty day moving average price of $1,498.97 and a two-hundred day moving average price of $1,416.50. The company has a market cap of $79.28 billion, a PE ratio of 46.70, a price-to-earnings-growth ratio of 2.98 and a beta of 1.07.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results 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). Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period last year, the company earned $9.00 earnings per share. Transdigm Group's revenue for the quarter was up 9.3% on a year-over-year basis. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

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

Transdigm Group 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.

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