Norinchukin Bank The Buys 371 Shares of 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 increased its holdings in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 12.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,311 shares of the aerospace company's stock after buying an additional 371 shares during the quarter. Norinchukin Bank The's holdings in Transdigm Group were worth $4,580,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. CW Advisors LLC acquired a new stake in Transdigm Group during the 1st quarter worth $348,000. Summit Financial LLC raised its stake in Transdigm Group by 3.8% during the 1st quarter. Summit Financial LLC now owns 553 shares of the aerospace company's stock worth $766,000 after buying an additional 20 shares during the period. Partners Capital Investment Group LLP raised its stake in Transdigm Group by 92.2% during the 1st quarter. Partners Capital Investment Group LLP now owns 8,241 shares of the aerospace company's stock worth $11,400,000 after buying an additional 3,953 shares during the period. Level Four Advisory Services LLC raised its stake in Transdigm Group by 2.4% during the 1st quarter. Level Four Advisory Services LLC now owns 2,510 shares of the aerospace company's stock worth $3,473,000 after buying an additional 59 shares during the period. Finally, ZEGA Investments LLC raised its stake in Transdigm Group by 45.0% during the 1st quarter. ZEGA Investments LLC now owns 1,108 shares of the aerospace company's stock worth $1,533,000 after buying an additional 344 shares during the period. Institutional investors and hedge funds own 95.78% of the company's stock.

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $1,406.07, for a total transaction of $4,218,210.00. Following the sale, the chief operating officer owned 3,600 shares in the company, valued at approximately $5,061,852. This represents a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert J. Small sold 45,700 shares of the company's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $1,425.01, for a total value of $65,122,957.00. Following the sale, the director owned 88,419 shares in the company, valued at $125,997,959.19. The trade was a 34.07% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,172 shares of company stock worth $93,910,577. Insiders own 4.09% of the company's stock.

Transdigm Group Stock Performance

TDG traded up $13.8020 on Friday, hitting $1,406.9420. 251,126 shares of the company were exchanged, compared to its average volume of 412,555. Transdigm Group Incorporated has a 12 month low of $1,183.60 and a 12 month high of $1,623.82. The company has a market cap of $79.28 billion, a PE ratio of 46.70, a PEG ratio of 2.98 and a beta of 1.07. The stock's fifty day moving average is $1,498.97 and its 200-day moving average is $1,416.50.

Transdigm Group (NYSE:TDG - Get Free Report) last released its earnings results 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 company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the previous year, the company posted $9.00 EPS. The business's revenue was up 9.3% on a year-over-year basis. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, equities research analysts expect that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Transdigm Group Increases Dividend

The business also recently announced a special dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, September 2nd will be issued a dividend of $90.00 per share. The ex-dividend date is Tuesday, September 2nd. This is a boost from Transdigm Group's previous special dividend of $75.00.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TDG shares. The Goldman Sachs Group boosted 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. 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. Morgan Stanley boosted their price target on Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Citigroup boosted their price target on Transdigm Group from $1,635.00 to $1,795.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, Wall Street Zen upgraded Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,624.69.

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.