Zimmer Partners LP Cuts Stock Position in Transdigm Group Incorporated $TDG

Key Points

• Zimmer Partners LP has decreased its stake in Transdigm Group by 42.8%, selling 12,390 shares and now holding 16,530 shares worth approximately $22.87 million.
• Several institutional investors, including GAMMA Investing LLC and Nuveen LLC, have significantly increased their positions in Transdigm Group, indicating strong investor interest in the stock.
• Transdigm Group recently announced a special dividend increase to $90 per share, up from a previous $75, and analysts have a consensus price target of $1,607.57 on the stock.

Zimmer Partners LP reduced its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 42.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,530 shares of the aerospace company's stock after selling 12,390 shares during the quarter. Zimmer Partners LP's holdings in Transdigm Group were worth $22,866,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Vontobel Holding Ltd. bought a new stake in shares of Transdigm Group in the 1st quarter worth approximately $387,000. Dynamic Advisor Solutions LLC bought a new position in Transdigm Group in the 1st quarter valued at approximately $1,113,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in 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 acquiring an additional 380 shares in the last quarter. BNP Paribas Financial Markets lifted its position in 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 acquiring an additional 5,369 shares in the last quarter. Finally, Mutual Advisors LLC bought a new position in Transdigm Group in the 1st quarter valued at approximately $263,000. 95.78% of the stock is owned by institutional investors.

Transdigm Group Stock Performance

Shares of NYSE TDG traded down $20.91 during midday trading on Friday, hitting $1,272.39. 395,960 shares of the stock traded hands, compared to its average volume of 384,129. The firm has a 50-day moving average of $1,457.03 and a two-hundred day moving average of $1,416.52. The firm has a market capitalization of $71.70 billion, a P/E ratio of 42.23, a PEG ratio of 2.73 and a beta of 1.03. Transdigm Group Incorporated has a one year low of $1,183.60 and a one year high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.29 billion. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The company's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the company earned $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Equities analysts forecast that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

The business also recently disclosed a special dividend, which was paid on Friday, September 12th. Stockholders 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.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Stifel Nicolaus assumed coverage on Transdigm Group in a research report on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 price objective on the stock. Wall Street Zen raised Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Morgan Stanley upped their price objective on Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Royal Bank Of Canada cut Transdigm Group from an "outperform" rating to a "sector perform" rating and lowered their price objective for the company from $1,550.00 to $1,385.00 in a research report on Monday, September 8th. Finally, Truist Financial increased their price target on Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a report on Friday, July 11th. Nine 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.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,607.57.

Insider Transactions at Transdigm Group

In other news, Director Michael Graff sold 1,760 shares of the company'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 sale, the director directly owned 1,964 shares in the company, valued at $2,753,724.40. This represents a 47.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was 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 of the company's stock, valued at $5,061,852. This trade represents a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,232 shares of company stock worth $23,998,436 in the last three months. Corporate insiders own 4.09% of the company's stock.

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.