Sumitomo Mitsui Trust Group Inc. Purchases 71,399 Shares of Transdigm Group Incorporated $TDG

Key Points

• Sumitomo Mitsui Trust Group Inc. increased its stake in Transdigm Group by 56.9%, acquiring an additional 71,399 shares, bringing its total ownership to 196,866 shares valued at approximately $299 million.
• Several institutional investors, including Winch Advisory Services LLC and the Saudi Central Bank, have also recently increased their holdings in Transdigm, indicating strong interest from the financial sector.
• Analysts have a consensus rating of "Moderate Buy" for Transdigm Group, with a target price ranging around $1,564.56, despite recent cuts to some price objectives by firms like Jefferies and Morgan Stanley.

Sumitomo Mitsui Trust Group Inc. boosted its position in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 56.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 196,866 shares of the aerospace company's stock after acquiring an additional 71,399 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.35% of Transdigm Group worth $299,362,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TDG. Winch Advisory Services LLC grew its holdings in Transdigm Group by 53.8% during the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after buying an additional 7 shares in the last quarter. Saudi Central Bank purchased a new position in Transdigm Group during the 1st quarter valued at about $30,000. Ameritas Advisory Services LLC purchased a new position in Transdigm Group during the 2nd quarter valued at about $47,000. Park Square Financial Group LLC grew its holdings in Transdigm Group by 36.0% during the 1st quarter. Park Square Financial Group LLC now owns 34 shares of the aerospace company's stock valued at $47,000 after buying an additional 9 shares in the last quarter. Finally, Hilltop National Bank purchased a new position in Transdigm Group during the 2nd quarter valued at about $71,000. 95.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TDG has been the subject of a number of recent analyst reports. Jefferies Financial Group reduced their target price on Transdigm Group from $1,650.00 to $1,490.00 and set a "buy" rating for the company in a report on Wednesday, September 17th. BMO Capital Markets began coverage on Transdigm Group in a report on Tuesday, September 30th. They set an "outperform" rating and a $1,420.00 target price for the company. Morgan Stanley cut their price objective on Transdigm Group from $1,750.00 to $1,600.00 and set an "overweight" rating for the company in a report on Wednesday, October 15th. Susquehanna cut their price objective on Transdigm Group from $1,500.00 to $1,450.00 and set a "neutral" rating for the company in a report on Thursday, October 9th. Finally, Citigroup boosted their price objective on Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a report on Monday, July 14th. 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 has a consensus rating of "Moderate Buy" and a consensus target price of $1,564.56.

Insiders Place Their Bets

In related news, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $1,276.07, for a total transaction of $3,828,210.00. Following the completion of the transaction, the chief operating officer owned 3,600 shares in the company, valued at $4,593,852. This represents a 45.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Graff sold 1,760 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $1,402.10, for a total value of $2,467,696.00. Following the transaction, the director owned 1,964 shares of the company's stock, valued at approximately $2,753,724.40. This represents a 47.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,232 shares of company stock worth $27,800,332 in the last ninety days. Insiders own 4.09% of the company's stock.

Transdigm Group Stock Performance

Shares of TDG stock opened at $1,350.47 on Friday. Transdigm Group Incorporated has a fifty-two week low of $1,183.60 and a fifty-two week high of $1,623.82. The stock has a 50 day moving average price of $1,316.57 and a two-hundred day moving average price of $1,403.74. The company has a market capitalization of $76.10 billion, a P/E ratio of 44.73, a PEG ratio of 3.23 and a beta of 1.02.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing analysts' consensus estimates of $9.75 by ($0.15). The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.29 billion. Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. Transdigm Group's revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, equities analysts predict that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Transdigm Group Increases Dividend

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

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.

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