Transdigm Group Incorporated $TDG Shares Sold by Fifth Third Bancorp

Key Points

• Fifth Third Bancorp has decreased its stake in Transdigm Group by 3.7%, owning 10,944 shares worth approximately $16.6 million after selling 424 shares.
• The company recently reported Q2 earnings of $9.60 per share, missing expectations, with revenues of $2.24 billion, also below forecasts, but up 9.3% year-over-year.
• Transdigm declared a special dividend of $90.00, an increase from the previous $75.00, reflecting positive changes in shareholder returns.

Fifth Third Bancorp lowered its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 3.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,944 shares of the aerospace company's stock after selling 424 shares during the quarter. Fifth Third Bancorp's holdings in Transdigm Group were worth $16,642,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TDG. Vontobel Holding Ltd. purchased a new position in shares of Transdigm Group during the 1st quarter worth approximately $387,000. Dynamic Advisor Solutions LLC acquired a new position in Transdigm Group during the first quarter worth $1,113,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Transdigm Group by 4.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,653 shares of the aerospace company's stock worth $11,970,000 after buying an additional 380 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Transdigm Group by 5.4% in the first 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 in the last quarter. Finally, Mutual Advisors LLC purchased a new stake in shares of Transdigm Group in the 1st quarter valued at $263,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Transdigm Group Trading Up 0.1%

Shares of TDG opened at $1,301.11 on Thursday. The firm has a market capitalization of $73.32 billion, a price-to-earnings ratio of 43.18, a PEG ratio of 2.75 and a beta of 1.03. The firm's fifty day simple moving average is $1,415.49 and its 200-day simple moving average is $1,412.37. Transdigm Group Incorporated has a twelve month low of $1,183.60 and a twelve month 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 EPS for the quarter, missing the consensus estimate of $9.75 by ($0.15). The business 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 business's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, analysts predict that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

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

Insider Activity at Transdigm Group

In related news, Director Robert J. Small sold 5,000 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $1,276.98, for a total value of $6,384,900.00. Following the transaction, the director directly owned 83,419 shares of the company's stock, valued at $106,524,394.62. This trade represents a 5.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael Graff sold 1,760 shares of the business'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 sale, 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 three months, insiders have sold 21,232 shares of company stock valued at $29,496,571. Company insiders own 4.09% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Morgan Stanley raised their target price on Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. JPMorgan Chase & Co. raised their price objective on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Susquehanna upped their target price on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Royal Bank Of Canada lowered shares of Transdigm Group from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from $1,550.00 to $1,385.00 in a report on Monday, September 8th. Finally, Truist Financial boosted 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 note on Friday, July 11th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $1,599.73.

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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