Shell Asset Management Co. Sells 566 Shares of Transdigm Group Incorporated $TDG

Key Points

• Shell Asset Management Co. reduced its stake in Transdigm Group by 6.6%, selling 566 shares and bringing its total holdings to 8,068 shares valued at approximately $12.27 million.
• Analysts are optimistic about Transdigm Group's future, with Goldman Sachs and Morgan Stanley raising their price targets to $1,709 and $1,750, respectively, while twelve analysts currently rate the stock as a "Moderate Buy."
• Transdigm Group has recently declared a special dividend of $90.00 per share, up from the previous special dividend of $75.00, underscoring the company's commitment to returning value to its shareholders.

Shell Asset Management Co. reduced its holdings in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 6.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,068 shares of the aerospace company's stock after selling 566 shares during the quarter. Shell Asset Management Co.'s holdings in Transdigm Group were worth $12,269,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Bruce G. Allen Investments LLC lifted its stake in Transdigm Group by 111.1% during the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after acquiring an additional 10 shares in the last quarter. Winch Advisory Services LLC increased its position in shares of Transdigm Group by 53.8% during the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after acquiring an additional 7 shares during the last quarter. Saudi Central Bank bought a new position in Transdigm Group in the 1st quarter valued at $30,000. Park Square Financial Group LLC raised its stake in shares of Transdigm Group by 36.0% during the 1st quarter. Park Square Financial Group LLC now owns 34 shares of the aerospace company's stock worth $47,000 after purchasing an additional 9 shares during the period. Finally, Ameritas Advisory Services LLC bought a new stake in Transdigm Group in the second quarter worth about $47,000. Institutional investors own 95.78% of the company's stock.

Wall Street Analysts Forecast Growth

TDG has been the subject of several research reports. The Goldman Sachs Group increased their price objective 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. Morgan Stanley increased 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 research note on Thursday, July 17th. Royal Bank Of Canada cut shares of Transdigm Group from an "outperform" rating to a "sector perform" rating and lowered their price objective for the company from $1,550.00 to $1,385.00 in a research report on Monday, September 8th. KeyCorp reduced their target price 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, BMO Capital Markets initiated coverage on Transdigm Group in a report on Tuesday, September 30th. They issued an "outperform" rating and a $1,420.00 price objective on the stock. Twelve analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Transdigm Group presently has an average rating of "Moderate Buy" and an average price target of $1,588.50.

Transdigm Group Stock Performance

Shares of NYSE TDG opened at $1,293.23 on Tuesday. 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 $72.87 billion, a price-to-earnings ratio of 42.92, a P/E/G ratio of 2.33 and a beta of 1.02. The company has a 50 day simple moving average of $1,367.57 and a two-hundred day simple moving average of $1,410.62.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results 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 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, analysts forecast that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

The company also recently declared a special dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were given a $90.00 dividend. The ex-dividend date was Tuesday, September 2nd. This is an increase from Transdigm Group's previous special dividend of $75.00.

Insider Activity

In other Transdigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $1,276.07, for a total transaction of $3,828,210.00. Following the completion of the sale, the chief operating officer directly owned 3,600 shares of the company's stock, valued at $4,593,852. This trade represents a 45.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert J. Small sold 5,000 shares of the firm's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $1,276.98, for a total transaction of $6,384,900.00. Following the transaction, the director directly owned 83,419 shares of the company's stock, valued at $106,524,394.62. The trade was a 5.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,232 shares of company stock valued at $29,496,571 over the last 90 days. Company insiders own 4.09% of the company's stock.

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.

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