Jones Financial Companies Lllp Increases Stock Position in Transdigm Group Incorporated $TDG

Key Points

• Jones Financial Companies Lllp has significantly increased its stake in Transdigm Group, acquiring 49,714 additional shares, bringing its total ownership to approximately 50,625 shares valued at $70 million.
• Insider transactions revealed that Director Robert J. Small sold 45,700 shares for over $65 million, reducing his ownership by 34.07%.
• Transdigm Group announced a special dividend of $90.00 per share, an increase from its previous dividend of $75.00, to be paid to investors of record on September 2nd.

Jones Financial Companies Lllp boosted its position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 5,457.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,625 shares of the aerospace company's stock after buying an additional 49,714 shares during the quarter. Jones Financial Companies Lllp owned approximately 0.09% of Transdigm Group worth $70,029,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Bruce G. Allen Investments LLC increased its position in shares of Transdigm Group by 111.1% in the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after acquiring an additional 10 shares during the period. 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 purchasing an additional 7 shares during the last quarter. Saudi Central Bank purchased a new position in Transdigm Group during the 1st quarter valued at about $30,000. Park Square Financial Group LLC purchased a new position in Transdigm Group during the 4th quarter valued at about $32,000. Finally, Wayfinding Financial LLC purchased a new position in Transdigm Group during the 1st quarter valued at about $75,000. Institutional investors own 95.78% of the company's stock.

Transdigm Group Trading Up 1.5%

Transdigm Group stock traded up $19.14 on Tuesday, hitting $1,312.38. 688,334 shares of the stock traded hands, compared to its average volume of 351,941. Transdigm Group Incorporated has a 1 year low of $1,183.60 and a 1 year high of $1,623.82. The firm has a market cap of $73.95 billion, a P/E ratio of 43.56, a price-to-earnings-growth ratio of 2.73 and a beta of 1.03. The business's fifty day simple moving average is $1,471.09 and its 200 day simple moving average is $1,417.41.

Transdigm Group (NYSE:TDG - Get Free Report) last released 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 negative return on equity of 35.27% and a net margin of 20.98%.The business had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.29 billion. During the same period in the prior year, the company earned $9.00 earnings per share. The firm's quarterly revenue 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, 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 will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $90.00 per share. The ex-dividend date is Tuesday, September 2nd. This is a positive change from Transdigm Group's previous special dividend of $75.00.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TDG. Citigroup lifted their price objective on 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. 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. Royal Bank Of Canada cut shares of Transdigm Group from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $1,550.00 to $1,385.00 in a report on Monday. Susquehanna upped their price objective on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Finally, KeyCorp dropped their target price on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Transdigm Group currently has a consensus rating of "Moderate Buy" and an average target price of $1,607.57.

Insider Buying and Selling

In other news, Director W Nicholas Howley sold 2,736 shares of Transdigm Group stock in a transaction dated 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 completion of the transaction, the director owned 21,548 shares of the company's stock, valued at $33,827,343.28. The trade was a 11.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief operating officer owned 3,600 shares in the company, valued at approximately $5,061,852. The trade was a 45.45% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,232 shares of company stock valued at $31,255,316. 4.09% of the stock is owned by company insiders.

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.