The Manufacturers Life Insurance Company Has $52.69 Million Stock Position in Transdigm Group Incorporated $TDG

Key Points

• The Manufacturers Life Insurance Company holds a $52.69 million position in Transdigm Group after slightly reducing its stake by 0.5%. The firm owns approximately 0.07% of the company's stock.
• Transdigm reported $9.60 earnings per share, which fell short of the consensus estimate of $9.75, despite a 9.3% increase in revenue compared to the previous year.
• The company has announced a special dividend of $90.00 per share, an increase from the previous special dividend of $75.00, to be paid on September 12th to shareholders of record.

The Manufacturers Life Insurance Company decreased its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,089 shares of the aerospace company's stock after selling 184 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.07% of Transdigm Group worth $52,688,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Winch Advisory Services LLC grew its stake in shares of Transdigm Group by 53.8% in the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock worth $28,000 after acquiring an additional 7 shares during the last quarter. Rothschild Investment LLC lifted its position in shares of Transdigm Group by 13.1% in the 1st quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company's stock worth $95,000 after acquiring an additional 8 shares during the period. Balefire LLC lifted its position in shares of Transdigm Group by 4.9% in the 1st quarter. Balefire LLC now owns 171 shares of the aerospace company's stock worth $237,000 after acquiring an additional 8 shares during the period. New Republic Capital LLC lifted its position in shares of Transdigm Group by 4.6% in the 1st quarter. New Republic Capital LLC now owns 183 shares of the aerospace company's stock worth $253,000 after acquiring an additional 8 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of Transdigm Group by 3.7% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 225 shares of the aerospace company's stock worth $311,000 after acquiring an additional 8 shares during the period. Institutional investors and hedge funds own 95.78% of the company's stock.

Transdigm Group Stock Performance

TDG opened at $1,400.77 on Friday. The firm's 50-day simple moving average is $1,496.57 and its 200-day simple moving average is $1,417.91. Transdigm Group Incorporated has a twelve month low of $1,183.60 and a twelve month high of $1,623.82. The firm has a market cap of $78.93 billion, a price-to-earnings ratio of 46.49, a PEG ratio of 2.96 and a beta of 1.07.

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). Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the previous year, the company posted $9.00 EPS. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, sell-side analysts anticipate that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Transdigm Group Increases Dividend

The firm also recently disclosed a special dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be paid a $90.00 dividend. This is an increase from Transdigm Group's previous special dividend of $75.00. The ex-dividend date of this dividend is Tuesday, September 2nd.

Insider Buying and Selling

In other Transdigm Group news, CFO Sarah Wynne sold 3,200 shares of the business's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $1,452.15, for a total value of $4,646,880.00. Following the transaction, the chief financial officer owned 3,400 shares of the company's stock, valued at approximately $4,937,310. The trade was a 48.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Graff sold 1,760 shares of the business's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $1,402.10, for a total value of $2,467,696.00. Following the completion of the transaction, the director directly owned 1,964 shares in the company, 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. In the last quarter, insiders have sold 66,932 shares of company stock valued at $96,378,273. Insiders own 4.09% of the company's stock.

Analysts Set New Price Targets

TDG has been the subject of a number of research reports. Stifel Nicolaus initiated coverage on Transdigm Group in a research report on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 price objective for the company. Truist Financial increased their price target on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Wells Fargo & Company increased their price target on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. UBS Group increased their price target on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Finally, Wall Street Zen raised shares of Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,624.69.

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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