Northern Trust Corp Sells 16,725 Shares of Transdigm Group Incorporated $TDG

Key Points

• Northern Trust Corp reduced its position in Transdigm Group by 3.4%, holding a total of 472,985 shares valued at approximately $654.28 million after selling 16,725 shares.
• Institutional ownership in Transdigm Group is significant, with 95.78% of the stock owned by institutional investors and hedge funds.
• Analysts have been optimistic about Transdigm Group, with several upgrading their price targets, including Morgan Stanley raising its target from $1,575 to $1,750.

Northern Trust Corp lowered its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 3.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 472,985 shares of the aerospace company's stock after selling 16,725 shares during the period. Northern Trust Corp owned approximately 0.84% of Transdigm Group worth $654,275,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TDG. Brooklyn Investment Group lifted its position in shares of Transdigm Group by 39.5% during the 1st quarter. Brooklyn Investment Group now owns 392 shares of the aerospace company's stock worth $542,000 after purchasing an additional 111 shares during the last quarter. Corient IA LLC acquired a new position in shares of Transdigm Group during the 1st quarter worth about $277,000. George Kaiser Family Foundation acquired a new position in shares of Transdigm Group during the 1st quarter worth about $289,000. Elevatus Welath Management acquired a new position in shares of Transdigm Group during the 1st quarter worth about $9,748,000. Finally, LWM Advisory Services LLC lifted its position in shares of Transdigm Group by 5.6% during the 1st quarter. LWM Advisory Services LLC now owns 226 shares of the aerospace company's stock worth $313,000 after purchasing an additional 12 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TDG shares. KeyCorp cut their price objective on Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Wells Fargo & Company boosted their price objective on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Truist Financial upped their price objective on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a research report on Friday, July 11th. 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 research report on Thursday, July 17th. Finally, Susquehanna upped their price objective 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. Nine 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, Transdigm Group presently has an average rating of "Moderate Buy" and a consensus price target of $1,624.69.

Transdigm Group Trading Up 1.0%

NYSE:TDG traded up $13.8020 during mid-day trading on Friday, hitting $1,406.9420. The company's stock had a trading volume of 251,126 shares, compared to its average volume of 292,039. Transdigm Group Incorporated has a fifty-two week low of $1,183.60 and a fifty-two week high of $1,623.82. The company has a market capitalization of $79.28 billion, a price-to-earnings ratio of 46.70, a P/E/G ratio of 2.96 and a beta of 1.07. The stock has a fifty day moving average of $1,498.97 and a 200-day moving average of $1,414.83.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its quarterly 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 business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same period last year, the company earned $9.00 EPS. The business'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. On average, equities analysts anticipate 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 will be paid on Friday, September 12th. Investors 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.

Insider Buying and Selling at Transdigm Group

In related news, Director Robert J. Small sold 45,700 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $1,425.01, for a total value of $65,122,957.00. Following the completion of the transaction, the director owned 88,419 shares of the company's stock, valued at $125,997,959.19. This represents a 34.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Sarah Wynne sold 3,200 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $1,452.15, for a total transaction of $4,646,880.00. Following the completion of the transaction, the chief financial officer directly owned 3,400 shares of the company's stock, valued at $4,937,310. This trade represents a 48.48% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,172 shares of company stock worth $93,910,577. 4.09% of the stock is currently owned by company insiders.

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.