Brown Miller Wealth Management LLC Buys 21 Shares of Transdigm Group Incorporated $TDG

Brown Miller Wealth Management LLC increased its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 9.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 242 shares of the aerospace company’s stock after acquiring an additional 21 shares during the quarter. Brown Miller Wealth Management LLC’s holdings in Transdigm Group were worth $368,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Vontobel Holding Ltd. acquired a new stake in shares of Transdigm Group in the 1st quarter valued at $387,000. Dynamic Advisor Solutions LLC acquired a new stake in Transdigm Group in the first quarter worth about $1,113,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Transdigm Group by 4.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,653 shares of the aerospace company’s stock worth $11,970,000 after purchasing an additional 380 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Transdigm Group by 5.4% during the 1st quarter. BNP Paribas Financial Markets now owns 104,065 shares of the aerospace company’s stock valued at $143,952,000 after purchasing an additional 5,369 shares during the period. Finally, Radnor Capital Management LLC boosted its stake in shares of Transdigm Group by 57.9% in the 2nd quarter. Radnor Capital Management LLC now owns 1,255 shares of the aerospace company’s stock valued at $1,908,000 after purchasing an additional 460 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TDG shares. Truist Financial increased their price objective on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the company a “buy” rating in a report on Friday, July 11th. Citigroup upped their target price on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Morgan Stanley raised their price target on Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. BMO Capital Markets initiated coverage on Transdigm Group in a research note on Tuesday, September 30th. They set an “outperform” rating and a $1,420.00 price objective for the company. Finally, Susquehanna increased their target price on Transdigm Group from $1,300.00 to $1,600.00 and gave the company a “neutral” rating in a research note on Monday, July 14th. Twelve analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,588.50.

Insider Activity at Transdigm Group

In other Transdigm Group news, Director Michael Graff sold 1,760 shares of Transdigm Group stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $1,402.10, for a total value of $2,467,696.00. Following the transaction, the director owned 1,964 shares of the company’s stock, valued at approximately $2,753,724.40. The trade was a 47.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director W Nicholas Howley sold 2,736 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $1,282.47, for a total transaction of $3,508,837.92. Following the sale, the director directly owned 21,548 shares of the company’s stock, valued at $27,634,663.56. This represents a 11.27% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,232 shares of company stock valued at $29,496,571. Corporate insiders own 4.09% of the company’s stock.

Transdigm Group Stock Up 0.5%

TDG opened at $1,290.47 on Friday. Transdigm Group Incorporated has a 12 month low of $1,183.60 and a 12 month high of $1,623.82. The company has a fifty day simple moving average of $1,373.81 and a 200 day simple moving average of $1,410.62. The stock has a market cap of $72.72 billion, a P/E ratio of 42.83, a P/E/G ratio of 2.33 and a beta of 1.02.

Transdigm Group (NYSE:TDG) 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 business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the prior year, the firm posted $9.00 earnings per share. The business’s revenue was up 9.3% on a year-over-year basis. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, equities research analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

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

About Transdigm Group

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.