Equitable Trust Co. Boosts Stake in Transdigm Group Incorporated $TDG

Equitable Trust Co. boosted its position in shares of Transdigm Group Incorporated (NYSE:TDG) by 8.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 6,371 shares of the aerospace company’s stock after acquiring an additional 484 shares during the quarter. Equitable Trust Co.’s holdings in Transdigm Group were worth $9,688,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Winch Advisory Services LLC increased its position in 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 acquiring an additional 7 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of Transdigm Group by 2.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 257 shares of the aerospace company’s stock valued at $391,000 after purchasing an additional 7 shares during the last quarter. Diversified Enterprises LLC grew its stake in shares of Transdigm Group by 3.8% in the 2nd quarter. Diversified Enterprises LLC now owns 193 shares of the aerospace company’s stock valued at $293,000 after purchasing an additional 7 shares during the last quarter. Balefire LLC raised its position 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 buying an additional 8 shares during the last quarter. Finally, New Republic Capital LLC boosted its holdings in Transdigm Group by 4.6% in the 1st quarter. New Republic Capital LLC now owns 183 shares of the aerospace company’s stock valued at $253,000 after purchasing an additional 8 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Transdigm Group Stock Performance

Shares of NYSE:TDG opened at $1,293.38 on Tuesday. The business’s fifty day moving average price is $1,335.27 and its two-hundred day moving average price is $1,407.02. Transdigm Group Incorporated has a one year low of $1,183.60 and a one year high of $1,623.82. The stock has a market cap of $72.88 billion, a PE ratio of 42.93, a price-to-earnings-growth ratio of 2.79 and a beta of 1.02.

Transdigm Group (NYSE:TDG) last issued 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). The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, equities research analysts predict that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal 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 given 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.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Citigroup increased their price objective on Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Royal Bank Of Canada cut shares of Transdigm Group from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $1,550.00 to $1,385.00 in a research note on Monday, September 8th. KeyCorp decreased 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 report on Friday, August 8th. Susquehanna reduced their price target on shares of 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. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Transdigm Group in a research report on Wednesday, October 8th. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,579.13.

Insiders Place Their Bets

In other Transdigm Group news, Director Robert J. Small sold 5,000 shares of the 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 of the company’s stock, valued at $106,524,394.62. This represents a 5.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director W Nicholas Howley sold 2,736 shares of the stock in a transaction on 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 transaction, the director directly owned 21,548 shares in the company, valued at approximately $27,634,663.56. This represents a 11.27% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,496 shares of company stock worth $25,201,434. 4.09% of the stock is 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.