State of Michigan Retirement System Grows Stock Position in Transdigm Group Incorporated $TDG

State of Michigan Retirement System raised its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 0.1% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 76,292 shares of the aerospace company’s stock after buying an additional 100 shares during the period. Transdigm Group comprises about 0.6% of State of Michigan Retirement System’s portfolio, making the stock its 24th largest holding. State of Michigan Retirement System’s holdings in Transdigm Group were worth $116,013,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of TDG. Nuveen LLC purchased a new position in shares of Transdigm Group during the 1st quarter valued at about $168,048,000. Bain Capital Public Equity Management II LLC purchased a new position in shares of Transdigm Group during the 1st quarter valued at about $157,890,000. Vanguard Group Inc. increased its stake in shares of Transdigm Group by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company’s stock valued at $8,797,619,000 after purchasing an additional 89,121 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Transdigm Group by 56.9% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 196,866 shares of the aerospace company’s stock valued at $299,362,000 after purchasing an additional 71,399 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Transdigm Group by 32.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 273,924 shares of the aerospace company’s stock valued at $378,917,000 after purchasing an additional 67,547 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on TDG. Susquehanna cut their price target on Transdigm Group from $1,500.00 to $1,450.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. Jefferies Financial Group cut their price target on Transdigm Group from $1,650.00 to $1,490.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. UBS Group lifted their price target on Transdigm Group from $1,815.00 to $1,839.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Royal Bank Of Canada lowered Transdigm Group from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $1,550.00 to $1,385.00 in a research note on Monday, September 8th. Finally, Truist Financial cut their price target on Transdigm Group from $1,730.00 to $1,647.00 and set a “buy” rating for the company in a research note on Wednesday, October 15th. Twelve investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Transdigm Group presently has a consensus rating of “Moderate Buy” and an average price target of $1,564.56.

Insider Buying and Selling at Transdigm Group

In other news, Director Michael Graff sold 1,760 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $1,402.10, for a total transaction of $2,467,696.00. Following the transaction, the director directly owned 1,964 shares in the company, valued at $2,753,724.40. The trade was a 47.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director W Nicholas Howley sold 2,736 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $1,298.87, for a total value of $3,553,708.32. Following the transaction, the director owned 21,548 shares in the company, valued at approximately $27,988,050.76. This represents a 11.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 22,512 shares of company stock worth $29,538,093. 4.09% of the stock is owned by company insiders.

Transdigm Group Trading Up 0.2%

NYSE:TDG opened at $1,308.16 on Friday. Transdigm Group Incorporated has a 12 month low of $1,183.60 and a 12 month high of $1,623.82. The stock has a 50 day moving average of $1,308.58 and a two-hundred day moving average of $1,406.47. The firm has a market cap of $73.71 billion, a P/E ratio of 43.42, a price-to-earnings-growth ratio of 3.25 and a beta of 1.02.

Transdigm Group (NYSE:TDG) 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). Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter last year, the firm posted $9.00 earnings per share. Transdigm Group’s quarterly 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, research analysts forecast that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Transdigm Group Increases Dividend

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

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.