Interchange Capital Partners LLC Has $422,000 Stock Position in Transdigm Group Incorporated $TDG

Interchange Capital Partners LLC lifted its holdings in Transdigm Group Incorporated (NYSE:TDG) by 5.7% during the 2nd quarter, Holdings Channel reports. The fund owned 278 shares of the aerospace company’s stock after acquiring an additional 15 shares during the quarter. Interchange Capital Partners LLC’s holdings in Transdigm Group were worth $422,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC boosted its holdings in shares of Transdigm Group by 2.6% in the 2nd quarter. Brighton Jones LLC now owns 1,129 shares of the aerospace company’s stock worth $1,717,000 after acquiring an additional 29 shares in the last quarter. MQS Management LLC acquired a new position in shares of Transdigm Group in the 2nd quarter worth approximately $377,000. Rational Advisors Inc. boosted its holdings in shares of Transdigm Group by 305.1% in the 2nd quarter. Rational Advisors Inc. now owns 2,836 shares of the aerospace company’s stock worth $4,313,000 after acquiring an additional 2,136 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in shares of Transdigm Group by 0.4% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 18,645 shares of the aerospace company’s stock worth $28,352,000 after acquiring an additional 75 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Transdigm Group by 56.9% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 196,866 shares of the aerospace company’s stock worth $299,362,000 after acquiring an additional 71,399 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on TDG shares. Susquehanna reduced their target price on Transdigm Group from $1,500.00 to $1,450.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. Royal Bank Of Canada downgraded 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 report on Monday, September 8th. Jefferies Financial Group lowered their target price on Transdigm Group from $1,650.00 to $1,490.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. 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 research report on Thursday, August 7th. Finally, KeyCorp dropped their target price on Transdigm Group from $1,700.00 to $1,600.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,564.56.

Insider Buying and Selling

In other news, Director W Nicholas Howley sold 2,736 shares of the stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $1,298.87, for a total value of $3,553,708.32. Following the transaction, the director owned 21,548 shares of the company’s stock, valued at $27,988,050.76. This represents a 11.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Graff sold 1,760 shares of the company’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $1,402.10, for a total transaction of $2,467,696.00. Following the completion of the sale, the director owned 1,964 shares of the company’s stock, valued at approximately $2,753,724.40. This represents a 47.26% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,232 shares of company stock worth $27,800,332. Company insiders own 4.09% of the company’s stock.

Transdigm Group Stock Up 0.7%

TDG stock opened at $1,359.71 on Monday. The business’s fifty day moving average is $1,316.00 and its 200-day moving average is $1,406.47. The company has a market cap of $76.62 billion, a P/E ratio of 45.13, a price-to-earnings-growth ratio of 3.34 and a beta of 1.02. Transdigm Group Incorporated has a twelve month low of $1,183.60 and a twelve month high of $1,623.82.

Transdigm Group (NYSE:TDG) last posted its quarterly 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 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%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Research analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

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

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.