Shelton Wealth Management LLC Acquires New Position in Transdigm Group Incorporated $TDG

Key Points

• Shelton Wealth Management LLC has acquired a new position in Transdigm Group, buying 958 shares valued at approximately $1,457,000 during the second quarter.
• Analyst ratings for Transdigm Group have varied, with price targets raised by firms like JPMorgan Chase and Susquehanna, indicating a consensus rating of "Moderate Buy" with a price target of $1,599.73.
• Recent insider sales included COO Joel Reiss selling 3,000 shares at $1,406.07 each, resulting in a significant decrease in his holdings, with insiders collectively selling $25.6 million worth of shares in the last 90 days.

Shelton Wealth Management LLC acquired a new stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 958 shares of the aerospace company's stock, valued at approximately $1,457,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bruce G. Allen Investments LLC increased its position in shares of Transdigm Group by 111.1% during the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after buying an additional 10 shares during the period. Winch Advisory Services LLC boosted its stake in shares of Transdigm Group by 53.8% in the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after purchasing an additional 7 shares in the last quarter. Saudi Central Bank purchased a new stake in shares of Transdigm Group in the 1st quarter valued at $30,000. Park Square Financial Group LLC purchased a new stake in shares of Transdigm Group during the fourth quarter valued at approximately $32,000. Finally, Wayfinding Financial LLC purchased a new stake in Transdigm Group in the first quarter worth $75,000. 95.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. JPMorgan Chase & Co. raised their price target on Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Susquehanna raised their price target on Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a report on Monday, July 14th. KeyCorp reduced their price objective on Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Morgan Stanley lifted their price objective on Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Finally, The Goldman Sachs Group lifted their price objective on Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,599.73.

Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction that occurred on 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 directly owned 3,600 shares of the company's stock, valued at $5,061,852. This represents a 45.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Nicholas Howley sold 2,736 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $1,569.86, for a total value of $4,295,136.96. Following 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 disclosure for this sale can be found here. Insiders sold a total of 18,232 shares of company stock valued at $25,668,361 in the last 90 days. 4.09% of the stock is currently owned by company insiders.

Transdigm Group Stock Down 0.4%

Transdigm Group stock opened at $1,281.44 on Friday. Transdigm Group Incorporated has a 52-week low of $1,183.60 and a 52-week high of $1,623.82. The company has a market cap of $72.21 billion, a P/E ratio of 42.53, a P/E/G ratio of 2.72 and a beta of 1.03. The business has a 50-day simple moving average of $1,432.10 and a two-hundred day simple moving average of $1,413.51.

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 analysts' consensus estimates of $9.75 by ($0.15). Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The company had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.29 billion. During the same period in the previous year, the firm 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. Research analysts anticipate that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Transdigm Group Increases Dividend

The firm also recently declared a special dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were issued a $90.00 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a boost from Transdigm Group's previous special dividend of $75.00.

Transdigm Group Company 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.

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