Empirical Asset Management LLC Has $770,000 Stock Position in Transdigm Group Incorporated $TDG

Empirical Asset Management LLC increased its position in shares of Transdigm Group Incorporated (NYSE:TDG) by 22.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 506 shares of the aerospace company’s stock after purchasing an additional 93 shares during the quarter. Empirical Asset Management LLC’s holdings in Transdigm Group were worth $770,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in TDG. Winch Advisory Services LLC boosted its stake in shares of Transdigm Group by 53.8% in the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 7 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Transdigm Group by 2.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 257 shares of the aerospace company’s stock worth $391,000 after acquiring an additional 7 shares during the last quarter. Diversified Enterprises LLC boosted its stake in Transdigm Group by 3.8% during the 2nd quarter. Diversified Enterprises LLC now owns 193 shares of the aerospace company’s stock worth $293,000 after acquiring an additional 7 shares during the last quarter. Balefire LLC boosted its stake in Transdigm Group by 4.9% during the 1st quarter. Balefire LLC now owns 171 shares of the aerospace company’s stock worth $237,000 after acquiring an additional 8 shares during the last quarter. Finally, New Republic Capital LLC boosted its stake in Transdigm Group by 4.6% during the 1st quarter. New Republic Capital LLC now owns 183 shares of the aerospace company’s stock worth $253,000 after acquiring an additional 8 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Activity

In related 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 approximately $27,988,050.76. The trade was a 11.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert J. Small sold 5,000 shares of the business’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $1,276.98, for a total transaction of $6,384,900.00. Following the transaction, the director owned 83,419 shares in the company, valued at approximately $106,524,394.62. The trade was a 5.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,232 shares of company stock valued at $28,755,142 in the last ninety days. Corporate insiders own 4.09% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on TDG shares. KeyCorp reduced their price objective on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Royal Bank Of Canada lowered shares of Transdigm Group from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $1,550.00 to $1,385.00 in a research note on Monday, September 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Transdigm Group in a research note on Wednesday, October 8th. The Goldman Sachs Group lifted their price objective on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a “buy” rating in a research note on Monday, June 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of 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. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,564.56.

Transdigm Group Stock Up 0.9%

NYSE TDG opened at $1,249.01 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 market capitalization of $70.38 billion, a PE ratio of 41.45, a price-to-earnings-growth ratio of 2.81 and a beta of 1.02. The firm’s 50 day moving average is $1,326.37 and its 200-day moving average is $1,404.28.

Transdigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share (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%. Transdigm Group’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the business earned $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, sell-side analysts expect that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

The company also recently announced a special dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were issued a dividend of $90.00 per share. 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.