TD Asset Management Inc Purchases 536 Shares of Transdigm Group Incorporated $TDG

Key Points

• TD Asset Management Inc increased its stake in Transdigm Group by 2.7%, acquiring an additional 536 shares, bringing its total holdings to 20,619 shares valued at approximately $31.35 million.
• Several other institutional investors, including Vanguard Group and Goldman Sachs, have also substantially increased their positions in Transdigm Group, highlighting strong institutional interest.
• Transdigm recently declared a special dividend of $90.00 per share, an increase from the previous special dividend of $75.00, reflecting robust financial performance.

TD Asset Management Inc grew its holdings in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 2.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,619 shares of the aerospace company's stock after purchasing an additional 536 shares during the quarter. TD Asset Management Inc's holdings in Transdigm Group were worth $31,354,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Transdigm Group by 1.4% during the first 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 last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Transdigm Group by 4.2% in 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Transdigm Group by 3.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 354,613 shares of the aerospace company's stock worth $490,533,000 after purchasing an additional 12,842 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Transdigm Group by 32.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 273,924 shares of the aerospace company's stock worth $378,917,000 after purchasing an additional 67,547 shares in the last quarter. Finally, Vulcan Value Partners LLC increased its stake in shares of Transdigm Group by 5.6% in the 1st quarter. Vulcan Value Partners LLC now owns 249,026 shares of the aerospace company's stock worth $344,543,000 after purchasing an additional 13,286 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Insider Transactions at Transdigm Group

In related news, Director W Nicholas Howley sold 2,736 shares of the firm's stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $1,298.87, for a total value of $3,553,708.32. Following the completion of the transaction, the director directly owned 21,548 shares of the company's stock, valued at approximately $27,988,050.76. This trade represents a 11.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Graff sold 1,760 shares of the firm's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $1,402.10, for a total transaction of $2,467,696.00. Following the completion of the transaction, the director directly owned 1,964 shares of the company's stock, valued at approximately $2,753,724.40. This trade represents a 47.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,232 shares of company stock worth $28,755,142. 4.09% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on TDG. The Goldman Sachs Group upped their price target on Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Truist Financial reduced their target price on shares of Transdigm Group from $1,730.00 to $1,647.00 and set a "buy" rating for the company in a report on Wednesday. KeyCorp reduced their price objective on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Jefferies Financial Group reduced their price objective on shares of Transdigm Group from $1,650.00 to $1,490.00 and set a "buy" rating for the company in a research note on Wednesday, September 17th. Finally, Stifel Nicolaus assumed coverage on shares of Transdigm Group in a research note on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 price objective for the company. Twelve analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Transdigm Group presently has a consensus rating of "Moderate Buy" and an average target price of $1,564.56.

Transdigm Group Price Performance

Shares of TDG opened at $1,249.01 on Friday. The firm has a market cap of $70.38 billion, a P/E ratio of 41.45, a price-to-earnings-growth ratio of 2.81 and a beta of 1.02. The company has a 50 day simple moving average of $1,326.37 and a two-hundred day simple moving average of $1,404.28. Transdigm Group Incorporated has a 1 year low of $1,183.60 and a 1 year high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its earnings results 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). The company had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.29 billion. Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The business's revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the business posted $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, sell-side analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current 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 issued a dividend of $90.00 per share. The ex-dividend date was Tuesday, September 2nd. This is a boost from Transdigm Group's previous special dividend of $75.00.

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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