Royal Bank of Canada Sells 31,742 Shares of Transdigm Group Incorporated $TDG

Key Points

• Royal Bank of Canada reduced its stake in Transdigm Group by 19.8% in the first quarter, bringing its total holdings to 128,751 shares valued at approximately $178.1 million.
• Several institutional investors acquired new stakes in Transdigm Group during the first quarter, with hedge funds and institutions owning 95.78% of the company's stock.
• Transdigm Group recently declared a special dividend of $90.00, an increase from the previous $75.00, to be paid on September 12th.

Royal Bank of Canada lowered its holdings in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 19.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,751 shares of the aerospace company's stock after selling 31,742 shares during the period. Royal Bank of Canada owned approximately 0.23% of Transdigm Group worth $178,100,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of TDG. Vanguard Group Inc. increased its stake in Transdigm Group by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company's stock valued at $8,797,619,000 after buying an additional 89,121 shares during the period. GAMMA Investing LLC grew its stake 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 purchasing an additional 1,240,112 shares in the last quarter. Windacre Partnership LLC increased its position in Transdigm Group by 3.6% in the 4th quarter. Windacre Partnership LLC now owns 753,997 shares of the aerospace company's stock worth $955,525,000 after purchasing an additional 25,997 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Transdigm Group by 4.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 364,956 shares of the aerospace company's stock worth $504,840,000 after purchasing an additional 14,703 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Transdigm Group by 24.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 341,771 shares of the aerospace company's stock valued at $433,120,000 after buying an additional 67,151 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Analysts Set New Price Targets

TDG has been the subject of several recent analyst reports. Truist Financial upped their price objective 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. Stifel Nicolaus assumed coverage on Transdigm Group in a research report on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price objective on the stock. Citigroup raised their price target on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. 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 note on Friday, August 8th. Finally, JPMorgan Chase & Co. raised their target price 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. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $1,624.69.

Transdigm Group Stock Performance

NYSE:TDG traded down $9.65 on Friday, reaching $1,272.16. The company's stock had a trading volume of 489,982 shares, compared to its average volume of 335,867. Transdigm Group Incorporated has a 1-year low of $1,183.60 and a 1-year high of $1,623.82. The business's 50-day moving average price is $1,479.69 and its two-hundred day moving average price is $1,417.40. The firm has a market cap of $71.69 billion, a PE ratio of 42.22, a PEG ratio of 2.69 and a beta of 1.03.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share 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 firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period in the prior year, the company earned $9.00 earnings per share. The firm's quarterly 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, sell-side analysts expect that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

The firm 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. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a positive change from Transdigm Group's previous special dividend of $75.00.

Insider Activity at Transdigm Group

In other Transdigm Group news, Director W Nicholas Howley sold 2,736 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director directly owned 21,548 shares in the company, valued at $33,827,343.28. This trade represents a 11.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $1,406.07, for a total transaction of $4,218,210.00. Following the completion of the transaction, the chief operating officer owned 3,600 shares in the company, valued at $5,061,852. This trade represents a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,932 shares of company stock worth $96,378,273 in the last quarter. 4.09% of the stock is owned by corporate insiders.

About Transdigm Group

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.