Norinchukin Bank The Increases Stock Position in Transdigm Group Incorporated $TDG

Key Points

• Norinchukin Bank increased its stake in Transdigm Group by 12.6% in the first quarter, bringing its total holdings to 3,311 shares valued at $4.58 million.
• Transdigm Group received multiple upgrades from analysts, with price targets raised significantly by firms such as UBS Group and Goldman Sachs, indicating strong investor confidence.
• The company recently declared a special dividend of $90.00 per share, up from the previous special dividend of $75.00, showing positive financial performance and return to shareholders.

Norinchukin Bank The grew its holdings in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 12.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,311 shares of the aerospace company's stock after buying an additional 371 shares during the period. Norinchukin Bank The's holdings in Transdigm Group were worth $4,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of 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 buying an additional 89,121 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Transdigm Group by 177,412.3% in the first quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company's stock valued at $1,716,401,000 after acquiring an additional 1,240,112 shares during the last quarter. Windacre Partnership LLC raised its position in Transdigm Group by 3.6% in the fourth quarter. Windacre Partnership LLC now owns 753,997 shares of the aerospace company's stock valued at $955,525,000 after purchasing an additional 25,997 shares during the period. Northern Trust Corp increased its position in shares of Transdigm Group by 8.8% during the fourth quarter. Northern Trust Corp now owns 489,710 shares of the aerospace company's stock worth $620,600,000 after acquiring an additional 39,590 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Transdigm Group by 4.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 364,956 shares of the aerospace company's stock valued at $504,840,000 after buying an additional 14,703 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TDG has been the subject of a number of research reports. Wall Street Zen upgraded Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. The Goldman Sachs Group upped their price target on Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Truist Financial boosted their target price on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a research note on Friday, July 11th. KeyCorp dropped their price target on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Finally, UBS Group upped their price objective on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,624.69.

Insider Activity

In other Transdigm Group news, Director W Nicholas Howley sold 2,736 shares of the business's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $1,569.86, for a total value of $4,295,136.96. Following the completion of the sale, the director owned 21,548 shares of the company's stock, valued at $33,827,343.28. The trade was a 11.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction that occurred on 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 owned 3,600 shares of the company's stock, valued at $5,127,372. The trade was a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,172 shares of company stock worth $93,910,577. Insiders own 4.09% of the company's stock.

Transdigm Group Trading Down 1.0%

Shares of TDG traded down $14.40 during mid-day trading on Wednesday, hitting $1,398.95. 86,734 shares of the company traded hands, compared to its average volume of 289,918. Transdigm Group Incorporated has a one year low of $1,183.60 and a one year high of $1,623.82. The business has a 50-day moving average of $1,498.03 and a 200 day moving average of $1,416.90. The stock has a market capitalization of $78.83 billion, a price-to-earnings ratio of 46.43, a PEG ratio of 2.94 and a beta of 1.07.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share (EPS) 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%. Transdigm Group's revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Transdigm Group Increases Dividend

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

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.