Mirae Asset Global Investments Co. Ltd. Buys 629 Shares of Transdigm Group Incorporated $TDG

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its stake in Transdigm Group by 5.6%, acquiring an additional 629 shares, bringing their total holdings to 11,890 shares valued at approximately $18.08 million.
• Company insiders, including COO Joel Reiss, recently sold a total of 21,232 shares worth nearly $29.5 million, resulting in a substantial decrease in their positions.
• Transdigm Group declared a special dividend of $90.00 per share, up from a previous special dividend of $75.00, demonstrating ongoing confidence in their financial performance.

Mirae Asset Global Investments Co. Ltd. lifted its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 5.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,890 shares of the aerospace company's stock after acquiring an additional 629 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Transdigm Group were worth $18,080,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Bruce G. Allen Investments LLC boosted its holdings in shares of Transdigm Group by 111.1% in 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 boosted its holdings in shares of 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 acquiring an additional 7 shares during the period. Saudi Central Bank purchased a new stake in shares of Transdigm Group in the first quarter worth $30,000. Park Square Financial Group LLC raised its position in shares of Transdigm Group by 36.0% in the first quarter. Park Square Financial Group LLC now owns 34 shares of the aerospace company's stock worth $47,000 after buying an additional 9 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in shares of Transdigm Group in the first quarter worth $75,000. 95.78% of the stock is 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 Monday, September 22nd. The stock was sold at an average price of $1,276.07, for a total transaction of $3,828,210.00. Following the transaction, the chief operating officer owned 3,600 shares in the company, valued at $4,593,852. The trade was a 45.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert J. Small sold 5,000 shares of the business's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $1,276.98, for a total value of $6,384,900.00. Following the transaction, the director owned 83,419 shares in the company, valued at approximately $106,524,394.62. This represents a 5.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,232 shares of company stock worth $29,496,571 in the last quarter. 4.09% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TDG shares. The Goldman Sachs Group increased their price objective on Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. JPMorgan Chase & Co. increased their price objective 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. Weiss Ratings reiterated a "buy (b)" rating on shares of Transdigm Group in a research report on Saturday, September 27th. KeyCorp lowered their price objective on Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Finally, Truist Financial increased their price objective 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. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Transdigm Group currently has an average rating of "Moderate Buy" and an average price target of $1,588.50.

Transdigm Group Trading Up 0.5%

TDG opened at $1,290.47 on Friday. The company has a market cap of $72.72 billion, a P/E ratio of 42.83, a P/E/G ratio of 2.33 and a beta of 1.02. The business's 50-day moving average price is $1,373.81 and its 200-day moving average price is $1,410.62. Transdigm Group Incorporated has a 12 month low of $1,183.60 and a 12 month high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings data 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 company had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.29 billion. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The firm's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Equities research analysts forecast that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

The firm also recently declared a special dividend, which was paid on Friday, September 12th. Investors 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.

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.

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