Transdigm Group Incorporated $TDG Stake Reduced by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 19.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 225 shares of the aerospace company’s stock after selling 55 shares during the period. Vontobel Holding Ltd.’s holdings in Transdigm Group were worth $342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Winch Advisory Services LLC grew its stake in Transdigm Group by 53.8% during the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company’s stock worth $28,000 after buying an additional 7 shares during the last quarter. Saudi Central Bank bought a new position in Transdigm Group during the 1st quarter worth $30,000. Ameritas Advisory Services LLC acquired a new position in Transdigm Group during the 2nd quarter worth $47,000. Park Square Financial Group LLC boosted its position in Transdigm Group by 36.0% during the 1st quarter. Park Square Financial Group LLC now owns 34 shares of the aerospace company’s stock worth $47,000 after acquiring an additional 9 shares during the period. Finally, Hilltop National Bank acquired a new position in Transdigm Group during the 2nd quarter worth $71,000. 95.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Truist Financial boosted their price target on Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Susquehanna reduced 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 report on Thursday, October 9th. The Goldman Sachs Group boosted their price target on Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. Jefferies Financial Group cut their price objective on Transdigm Group from $1,650.00 to $1,490.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Transdigm Group in a report on Wednesday, October 8th. Twelve analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,579.13.

Transdigm Group Stock Up 1.5%

Shares of NYSE TDG opened at $1,311.96 on Wednesday. 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 cap of $73.93 billion, a price-to-earnings ratio of 43.54, a P/E/G ratio of 2.94 and a beta of 1.02. The business has a fifty day simple moving average of $1,333.20 and a 200-day simple moving average of $1,406.36.

Transdigm Group (NYSE:TDG) last announced its earnings results 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 net margin of 20.98% and a negative return on equity of 35.27%. The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the prior year, the company earned $9.00 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. 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 fiscal year.

Transdigm Group Increases Dividend

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

Insider Buying and Selling

In related news, Director W Nicholas Howley sold 2,736 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $1,282.47, for a total value of $3,508,837.92. Following the completion of the sale, the director directly owned 21,548 shares of the company’s stock, valued at approximately $27,634,663.56. This represents a 11.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $1,276.07, for a total value 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 disclosure for this sale can be found here. In the last three months, insiders sold 18,496 shares of company stock valued at $25,201,434. 4.09% of the stock is currently owned by company insiders.

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.