TD Asset Management Inc Grows Stake in Transdigm Group Incorporated $TDG

TD Asset Management Inc lifted its stake in Transdigm Group Incorporated (NYSE:TDG) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,619 shares of the aerospace company’s stock after purchasing an additional 536 shares during the quarter. TD Asset Management Inc’s holdings in Transdigm Group were worth $31,354,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Frazier Financial Advisors LLC boosted its holdings in shares of Transdigm Group by 26.0% in the 2nd quarter. Frazier Financial Advisors LLC now owns 63 shares of the aerospace company’s stock worth $96,000 after purchasing an additional 13 shares during the period. IFC Advisors LLC boosted its stake in Transdigm Group by 3.4% during the second quarter. IFC Advisors LLC now owns 276 shares of the aerospace company’s stock worth $420,000 after buying an additional 9 shares during the period. Morningstar Investment Management LLC purchased a new position in Transdigm Group during the second quarter worth $661,000. Axxcess Wealth Management LLC boosted its stake in Transdigm Group by 2.6% during the second quarter. Axxcess Wealth Management LLC now owns 478 shares of the aerospace company’s stock worth $727,000 after buying an additional 12 shares during the period. Finally, Moran Wealth Management LLC boosted its stake in shares of Transdigm Group by 35.0% during the 2nd quarter. Moran Wealth Management LLC now owns 216 shares of the aerospace company’s stock worth $328,000 after purchasing an additional 56 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Buying and Selling

In other Transdigm Group news, COO Joel Reiss sold 3,000 shares of the 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 sale, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at approximately $4,593,852. This represents a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Graff sold 1,760 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $1,402.10, for a total transaction of $2,467,696.00. Following the sale, the director directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,232 shares of company stock valued at $28,755,142. Company insiders own 4.09% of the company’s stock.

Transdigm Group Trading Up 0.9%

Shares of TDG stock opened at $1,249.01 on Friday. Transdigm Group Incorporated has a twelve month low of $1,183.60 and a twelve month high of $1,623.82. The stock has a market capitalization of $70.38 billion, a price-to-earnings ratio of 41.45, a P/E/G ratio of 2.81 and a beta of 1.02. The stock has a fifty day simple moving average of $1,326.37 and a two-hundred day simple moving average of $1,404.28.

Transdigm Group (NYSE:TDG) last issued 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 firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter in the prior year, the company posted $9.00 earnings per share. Transdigm Group’s quarterly revenue was up 9.3% compared to the same quarter last year. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Research analysts predict that Transdigm Group Incorporated will post 35.13 EPS 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 issued 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.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. BMO Capital Markets assumed coverage on shares of Transdigm Group in a research note on Tuesday, September 30th. They set an “outperform” rating and a $1,420.00 price target for the company. 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 target price on the stock. The Goldman Sachs Group boosted their price objective on Transdigm Group from $1,526.00 to $1,709.00 and gave the company a “buy” rating in a report on Monday, June 23rd. UBS Group boosted their price objective on Transdigm Group from $1,815.00 to $1,839.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Finally, Jefferies Financial Group lowered their target price on shares of 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. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,564.56.

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.