Transdigm Group Incorporated $TDG Holdings Lifted by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC boosted its holdings in Transdigm Group Incorporated (NYSE:TDG) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,632 shares of the aerospace company’s stock after acquiring an additional 32 shares during the quarter. Transdigm Group comprises about 1.2% of Mezzasalma Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. Mezzasalma Advisors LLC’s holdings in Transdigm Group were worth $4,002,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in TDG. Sigma Investment Counselors Inc. grew its stake in shares of Transdigm Group by 4.1% in the 2nd quarter. Sigma Investment Counselors Inc. now owns 3,576 shares of the aerospace company’s stock worth $5,438,000 after purchasing an additional 140 shares during the last quarter. Signature Estate & Investment Advisors LLC boosted its holdings in Transdigm Group by 7.7% during the second quarter. Signature Estate & Investment Advisors LLC now owns 842 shares of the aerospace company’s stock worth $1,280,000 after buying an additional 60 shares in the last quarter. Quotient Wealth Partners LLC grew its position in Transdigm Group by 7.4% in the second quarter. Quotient Wealth Partners LLC now owns 204 shares of the aerospace company’s stock worth $310,000 after buying an additional 14 shares during the last quarter. Chevy Chase Trust Holdings LLC increased its holdings in shares of Transdigm Group by 1.0% in the second quarter. Chevy Chase Trust Holdings LLC now owns 29,764 shares of the aerospace company’s stock valued at $45,260,000 after buying an additional 292 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its position in shares of Transdigm Group by 5.5% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 2,576 shares of the aerospace company’s stock valued at $3,917,000 after acquiring an additional 135 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TDG shares. Weiss Ratings restated a “buy (b)” rating on shares of Transdigm Group in a report on Wednesday, October 8th. Royal Bank Of Canada cut Transdigm Group from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $1,550.00 to $1,385.00 in a research note on Monday, September 8th. Truist Financial cut their price objective on Transdigm Group from $1,730.00 to $1,647.00 and set a “buy” rating on the stock in a report on Wednesday. Morgan Stanley decreased their target price on shares of Transdigm Group from $1,750.00 to $1,600.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Twelve investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,564.56.

Insider Activity at Transdigm Group

In other news, Director W Nicholas Howley sold 2,736 shares of the business’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $1,298.87, for a total transaction of $3,553,708.32. Following the transaction, the director directly owned 21,548 shares in the company, valued at $27,988,050.76. The trade was a 11.27% decrease in their position. The transaction was disclosed in a legal filing 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 Monday, September 22nd. The stock was 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 directly owned 3,600 shares in the company, valued at $4,593,852. This trade represents a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,232 shares of company stock worth $28,755,142 in the last quarter. 4.09% of the stock is owned by corporate insiders.

Transdigm Group Trading Up 1.5%

Shares of Transdigm Group stock opened at $1,267.98 on Friday. Transdigm Group Incorporated has a 1 year low of $1,183.60 and a 1 year high of $1,623.82. The company has a market cap of $71.45 billion, a P/E ratio of 42.08, a P/E/G ratio of 2.90 and a beta of 1.02. The stock has a 50-day moving average price of $1,323.87 and a 200 day moving average price of $1,403.42.

Transdigm Group (NYSE:TDG) last released 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 business had revenue of $2.24 billion for 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 company’s revenue was up 9.3% compared to the same quarter last year. During the same period last year, the firm earned $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, 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 announced a special dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were given a $90.00 dividend. The ex-dividend date was Tuesday, September 2nd. This is a positive change from Transdigm Group’s previous special dividend of $75.00.

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.