Amundi Acquires 20,354 Shares of Transdigm Group Incorporated $TDG

Amundi increased its holdings in Transdigm Group Incorporated (NYSE:TDG) by 84.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,371 shares of the aerospace company’s stock after acquiring an additional 20,354 shares during the quarter. Amundi owned about 0.08% of Transdigm Group worth $60,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Transdigm Group by 1.4% in the first quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company’s stock worth $8,797,619,000 after purchasing an additional 89,121 shares during the period. GAMMA Investing LLC boosted its position in shares of Transdigm Group by 177,412.3% in the 1st quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company’s stock worth $1,716,401,000 after purchasing an additional 1,240,112 shares in the last quarter. Windacre Partnership LLC boosted its position in shares of Transdigm Group by 3.6% in the 4th quarter. Windacre Partnership LLC now owns 753,997 shares of the aerospace company’s stock worth $955,525,000 after purchasing an additional 25,997 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Transdigm Group by 4.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 364,956 shares of the aerospace company’s stock worth $504,840,000 after buying an additional 14,703 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Transdigm Group by 24.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 341,771 shares of the aerospace company’s stock valued at $433,120,000 after buying an additional 67,151 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Sarah Wynne sold 3,200 shares of the business’s stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $1,452.15, for a total transaction of $4,646,880.00. Following the completion of the sale, the chief financial officer directly owned 3,400 shares in the company, valued at approximately $4,937,310. The trade was a 48.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $1,424.27, for a total transaction of $4,272,810.00. Following the completion of the transaction, the chief operating officer owned 3,600 shares in the company, valued at $5,127,372. The trade was a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,932 shares of company stock valued at $96,378,273 in the last 90 days. 4.09% of the stock is owned by insiders.

Transdigm Group Stock Down 0.8%

Shares of Transdigm Group stock opened at $1,272.16 on Friday. Transdigm Group Incorporated has a twelve month low of $1,183.60 and a twelve month high of $1,623.82. The company’s 50 day moving average is $1,479.69 and its 200 day moving average is $1,417.40. The company has a market cap of $71.69 billion, a price-to-earnings ratio of 42.22, a price-to-earnings-growth ratio of 2.69 and a beta of 1.03.

Transdigm Group (NYSE:TDG) last announced its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share for the quarter, missing analysts’ consensus estimates of $9.75 by ($0.15). The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Sell-side analysts expect that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Transdigm Group Increases Dividend

The firm also recently disclosed a special dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, September 2nd will be issued a $90.00 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a positive change from Transdigm Group’s previous special dividend of $75.00.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Truist Financial upped their price target on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. KeyCorp reduced their price objective on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Wall Street Zen raised shares of Transdigm Group from a “hold” rating to a “buy” rating in a report on Saturday, May 17th. Finally, Susquehanna increased their price target on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,624.69.

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.