Freedom Investment Management Inc. Sells 53 Shares of Transdigm Group Incorporated $TDG

Freedom Investment Management Inc. decreased its holdings in shares of Transdigm Group Incorporated (NYSE:TDG) by 12.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 377 shares of the aerospace company’s stock after selling 53 shares during the period. Freedom Investment Management Inc.’s holdings in Transdigm Group were worth $572,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Ethic Inc. lifted its holdings in shares of Transdigm Group by 3.4% during the 2nd quarter. Ethic Inc. now owns 4,930 shares of the aerospace company’s stock worth $7,391,000 after acquiring an additional 161 shares during the last quarter. D.A. Davidson & CO. lifted its stake in Transdigm Group by 7.2% during the second quarter. D.A. Davidson & CO. now owns 284 shares of the aerospace company’s stock worth $432,000 after purchasing an additional 19 shares during the last quarter. Cullen Frost Bankers Inc. boosted its holdings in shares of Transdigm Group by 517.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,710 shares of the aerospace company’s stock worth $2,600,000 after purchasing an additional 1,433 shares in the last quarter. Pittenger & Anderson Inc. raised its holdings in shares of Transdigm Group by 0.5% during the 2nd quarter. Pittenger & Anderson Inc. now owns 9,818 shares of the aerospace company’s stock valued at $14,930,000 after buying an additional 49 shares in the last quarter. Finally, Phoenix Financial Ltd. lifted its position in Transdigm Group by 16.5% in the 2nd quarter. Phoenix Financial Ltd. now owns 5,725 shares of the aerospace company’s stock worth $8,706,000 after buying an additional 809 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Insider Transactions at Transdigm Group

In other Transdigm Group news, Director Robert J. Small sold 5,000 shares of the company’s stock in a transaction that occurred 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. This represents a 5.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the director owned 21,548 shares in the company, valued at approximately $27,988,050.76. This trade represents a 11.27% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,232 shares of company stock valued at $27,800,332. Insiders own 4.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Susquehanna reduced their price target on shares of Transdigm Group from $1,500.00 to $1,450.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Transdigm Group in a report on Friday. Truist Financial reduced their price objective on Transdigm Group from $1,730.00 to $1,647.00 and set a “buy” rating on the stock in a research note on Wednesday, October 15th. JPMorgan Chase & Co. boosted their target price on Transdigm Group from $1,480.00 to $1,500.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Finally, Morgan Stanley decreased their price target on Transdigm Group from $1,750.00 to $1,600.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 15th. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Transdigm Group currently has an average rating of “Moderate Buy” and an average target price of $1,564.56.

Transdigm Group Stock Performance

Shares of TDG stock opened at $1,359.71 on Friday. Transdigm Group Incorporated has a fifty-two week low of $1,183.60 and a fifty-two week high of $1,623.82. The firm has a market cap of $76.62 billion, a P/E ratio of 45.13, a P/E/G ratio of 3.34 and a beta of 1.02. The business’s 50 day moving average price is $1,316.00 and its 200-day moving average price is $1,405.85.

Transdigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the previous year, the business earned $9.00 EPS. The business’s 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. As a group, equities analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

The business also recently disclosed a special dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were issued a $90.00 dividend. This is a boost 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.