Raymond James Financial Inc. Trims Stake in Transdigm Group Incorporated $TDG

Key Points

• Raymond James Financial Inc. has sold 6,084 shares of Transdigm Group, reducing its stake by 7.6%, and now holds approximately 0.13% of the company valued at $101.62 million.
• Insider activity includes significant sales by directors, with Robert J. Small selling 45,700 shares for about $65.12 million, representing a 34.07% decrease in his holdings.
• Transdigm Group's recent earnings report revealed an EPS of $9.60, which missed estimates, and analysts maintain a consensus rating of "Moderate Buy" with a target price averaging $1,624.69.

Raymond James Financial Inc. lessened its position in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 7.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 73,465 shares of the aerospace company's stock after selling 6,084 shares during the period. Raymond James Financial Inc. owned 0.13% of Transdigm Group worth $101,622,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Winch Advisory Services LLC boosted its stake in Transdigm Group by 53.8% during 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 in the last quarter. Rothschild Investment LLC boosted its stake in Transdigm Group by 13.1% during the first quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company's stock worth $95,000 after acquiring an additional 8 shares in the last quarter. Balefire LLC raised its holdings in Transdigm Group by 4.9% in the first quarter. Balefire LLC now owns 171 shares of the aerospace company's stock worth $237,000 after buying an additional 8 shares during the last quarter. New Republic Capital LLC raised its holdings in Transdigm Group by 4.6% in the first quarter. New Republic Capital LLC now owns 183 shares of the aerospace company's stock worth $253,000 after buying an additional 8 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC raised its holdings in Transdigm Group by 3.7% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 225 shares of the aerospace company's stock worth $311,000 after buying an additional 8 shares during the last quarter. Institutional investors own 95.78% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TDG shares. Truist Financial lifted their target price 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. Morgan Stanley lifted their target price 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. JPMorgan Chase & Co. lifted their target price on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. The Goldman Sachs Group lifted their target price on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Finally, Wall Street Zen raised shares of Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Nine research 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,624.69.

Transdigm Group Stock Performance

Shares of TDG traded up $13.8020 during mid-day trading on Friday, reaching $1,406.9420. The stock had a trading volume of 251,126 shares, compared to its average volume of 292,039. The firm has a market cap of $79.28 billion, a price-to-earnings ratio of 46.70, a PEG ratio of 2.96 and a beta of 1.07. Transdigm Group Incorporated has a 12 month low of $1,183.60 and a 12 month high of $1,623.82. The business has a fifty day moving average of $1,499.59 and a 200 day moving average of $1,414.14.

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 for the quarter, missing analysts' consensus estimates of $9.75 by ($0.15). The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.29 billion. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The business's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, research analysts forecast 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 given a dividend of $90.00 per share. This is a positive change from Transdigm Group's previous special dividend of $75.00. The ex-dividend date is Tuesday, September 2nd.

Insider Buying and Selling at Transdigm Group

In related news, CFO Sarah Wynne sold 1,800 shares of the company's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $1,450.00, for a total transaction of $2,610,000.00. Following the sale, the chief financial officer owned 3,400 shares of the company's stock, valued at $4,930,000. This represents a 34.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director W Nicholas Howley sold 2,736 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $1,569.86, for a total transaction of $4,295,136.96. Following the sale, the director directly owned 21,548 shares in the company, valued at approximately $33,827,343.28. The trade was a 11.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 65,172 shares of company stock worth $93,910,577 in the last ninety days. Company insiders own 4.09% of the company's stock.

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.