Transdigm Group Incorporated $TDG Shares Sold by Douglas Lane & Associates LLC

Key Points

• Douglas Lane & Associates LLC reduced its stake in Transdigm Group by 6.6%, owning 77,171 shares valued at approximately $117.35 million after selling 5,453 shares in the second quarter.
• Transdigm Group reported earnings of $9.60 per share for the last quarter, which missed analyst expectations, impacting its stock price which is currently down 1.6%.
• The company announced an increase in its special dividend, raising it from $75 to $90, which was paid out in September.

Douglas Lane & Associates LLC trimmed its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 6.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,171 shares of the aerospace company's stock after selling 5,453 shares during the period. Transdigm Group makes up 1.7% of Douglas Lane & Associates LLC's investment portfolio, making the stock its 11th largest holding. Douglas Lane & Associates LLC owned about 0.14% of Transdigm Group worth $117,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Vontobel Holding Ltd. purchased a new position in shares of Transdigm Group in the 1st quarter valued at $387,000. Dynamic Advisor Solutions LLC purchased a new position in shares of Transdigm Group in the 1st quarter valued at $1,113,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of 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 buying an additional 380 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of 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 buying an additional 5,369 shares during the last quarter. Finally, Mutual Advisors LLC purchased a new position in shares of Transdigm Group in the 1st quarter valued at $263,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Transdigm Group Stock Down 1.6%

Shares of NYSE:TDG opened at $1,272.39 on Friday. The company has a market cap of $71.70 billion, a price-to-earnings ratio of 42.23, a PEG ratio of 2.73 and a beta of 1.03. The firm's 50-day simple moving average is $1,457.03 and its 200-day simple moving average is $1,416.52. Transdigm Group Incorporated has a fifty-two week low of $1,183.60 and a fifty-two week high of $1,623.82.

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 the consensus estimate of $9.75 by ($0.15). The firm had revenue of $2.24 billion during 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 firm's revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, research analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

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

Insider Activity at Transdigm Group

In related news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $1,406.07, for a total value of $4,218,210.00. Following the completion of the sale, the chief operating officer owned 3,600 shares in the company, valued at $5,061,852. This trade represents a 45.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Graff sold 1,760 shares of the firm's stock in a transaction dated 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 sale, the director owned 1,964 shares of the company's stock, valued at $2,753,724.40. This trade represents a 47.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,232 shares of company stock worth $23,998,436 over the last 90 days. Company insiders own 4.09% of the company's stock.

Wall Street Analyst Weigh In

TDG has been the topic of several research reports. Truist Financial raised their price objective 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. JPMorgan Chase & Co. raised their price objective on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Wall Street Zen raised shares of Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Susquehanna raised 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 research report on Monday, July 14th. Finally, KeyCorp lowered their price objective 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. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,607.57.

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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