Shell Asset Management Co. Sells 566 Shares of Transdigm Group Incorporated $TDG

Shell Asset Management Co. trimmed its position in shares of Transdigm Group Incorporated (NYSE:TDG) by 6.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 8,068 shares of the aerospace company’s stock after selling 566 shares during the quarter. Shell Asset Management Co.’s holdings in Transdigm Group were worth $12,269,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Vontobel Holding Ltd. purchased a new position in Transdigm Group during the 1st quarter valued at $387,000. Dynamic Advisor Solutions LLC purchased a new stake in shares of Transdigm Group during the first quarter valued at $1,113,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Transdigm Group by 4.6% in 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 purchasing an additional 380 shares during the last quarter. BNP Paribas Financial Markets boosted 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 buying an additional 5,369 shares during the period. Finally, Radnor Capital Management LLC grew its stake in Transdigm Group by 57.9% in the 2nd quarter. Radnor Capital Management LLC now owns 1,255 shares of the aerospace company’s stock worth $1,908,000 after acquiring an additional 460 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Insider Buying and Selling

In related news, Director Robert J. Small sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $1,276.98, for a total transaction of $6,384,900.00. Following the completion of the sale, the director directly owned 83,419 shares in the company, valued at approximately $106,524,394.62. This trade represents a 5.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $1,276.07, for a total transaction of $3,828,210.00. Following the completion of the transaction, the chief operating officer owned 3,600 shares in the company, valued at $4,593,852. The trade was a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,232 shares of company stock valued at $29,496,571 over the last 90 days. Insiders own 4.09% of the company’s stock.

Transdigm Group Stock Up 0.3%

Shares of TDG opened at $1,293.23 on Tuesday. The firm’s fifty day moving average is $1,367.57 and its two-hundred day moving average is $1,410.62. The stock has a market cap of $72.87 billion, a PE ratio of 42.92, a price-to-earnings-growth ratio of 2.33 and a beta of 1.02. Transdigm Group Incorporated has a 52-week low of $1,183.60 and a 52-week high of $1,623.82.

Transdigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing analysts’ consensus estimates of $9.75 by ($0.15). The business had revenue of $2.24 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the company posted $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, research analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Transdigm Group Increases Dividend

The business also recently announced a special dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were issued a $90.00 dividend. The ex-dividend date was Tuesday, September 2nd. This is an increase from Transdigm Group’s previous special dividend of $75.00.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. KeyCorp lowered their price target on Transdigm Group from $1,700.00 to $1,600.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Susquehanna boosted 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 note on Monday, July 14th. JPMorgan Chase & Co. boosted 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. Citigroup increased their price objective on Transdigm Group from $1,635.00 to $1,795.00 and gave the company a “buy” rating in a report on Monday, July 14th. Finally, Stifel Nicolaus began coverage on Transdigm Group in a research note on Tuesday, June 24th. They set a “buy” rating and a $1,710.00 price objective for the company. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,588.50.

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.