Simplicity Wealth LLC Purchases 407 Shares of Transdigm Group Incorporated $TDG

Key Points

• Simplicity Wealth LLC increased its holdings in Transdigm Group by 246.7% during Q2, owning a total of 572 shares valued at $870,000 following a purchase of an additional 407 shares.
• Transdigm Group announced a special dividend of $90.00 per share, an increase from the previous special dividend of $75.00, which was paid to shareholders on September 12th.
• Wall Street analysts have varying price targets for Transdigm Group, with Goldman Sachs raising theirs to $1,709.00 and a consensus rating of "Moderate Buy" across twelve investment analysts.

Simplicity Wealth LLC increased its position in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 246.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 572 shares of the aerospace company's stock after purchasing an additional 407 shares during the quarter. Simplicity Wealth LLC's holdings in Transdigm Group were worth $870,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vontobel Holding Ltd. bought a new position in Transdigm Group in the 1st quarter valued at about $387,000. Dynamic Advisor Solutions LLC bought a new position in Transdigm Group in the 1st quarter valued at about $1,113,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Transdigm Group by 4.6% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,653 shares of the aerospace company's stock valued at $11,970,000 after acquiring an additional 380 shares during the period. BNP Paribas Financial Markets raised its holdings in Transdigm Group by 5.4% in the 1st quarter. BNP Paribas Financial Markets now owns 104,065 shares of the aerospace company's stock valued at $143,952,000 after acquiring an additional 5,369 shares during the period. Finally, Radnor Capital Management LLC raised its holdings in Transdigm Group by 57.9% in the 2nd quarter. Radnor Capital Management LLC now owns 1,255 shares of the aerospace company's stock valued at $1,908,000 after acquiring an additional 460 shares during the period. 95.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TDG has been the topic of several research analyst reports. The Goldman Sachs Group increased their price target on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a report on Monday, June 23rd. KeyCorp decreased their target price on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Royal Bank Of Canada lowered shares of Transdigm Group from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from $1,550.00 to $1,385.00 in a research report on Monday, September 8th. Susquehanna increased their target price on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Finally, Citigroup increased their target price on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Twelve investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,588.50.

Insider Activity at Transdigm Group

In other news, Director W Nicholas Howley sold 2,736 shares of the firm's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $1,282.47, for a total transaction of $3,508,837.92. Following the completion of the transaction, the director owned 21,548 shares of the company's stock, valued at approximately $27,634,663.56. This trade represents a 11.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction 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 transaction, the chief operating officer directly owned 3,600 shares of the company's stock, valued at $4,593,852. The trade was a 45.45% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,232 shares of company stock worth $29,496,571. Corporate insiders own 4.09% of the company's stock.

Transdigm Group Price Performance

Shares of Transdigm Group stock opened at $1,285.73 on Wednesday. Transdigm Group Incorporated has a fifty-two week low of $1,183.60 and a fifty-two week high of $1,623.82. The firm has a market capitalization of $72.45 billion, a P/E ratio of 42.67, a P/E/G ratio of 2.34 and a beta of 1.02. The company's 50 day moving average price is $1,361.20 and its two-hundred day moving average price is $1,409.75.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its 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). 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 during the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the prior year, the business earned $9.00 EPS. The business'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. On average, analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Transdigm Group Increases Dividend

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

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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