NorthRock Partners LLC Acquires 17 Shares of Transdigm Group Incorporated $TDG

NorthRock Partners LLC grew its holdings in Transdigm Group Incorporated (NYSE:TDG) by 2.6% during the 2nd quarter, Holdings Channel reports. The fund owned 682 shares of the aerospace company’s stock after buying an additional 17 shares during the period. NorthRock Partners LLC’s holdings in Transdigm Group were worth $1,037,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling at Transdigm Group

In other Transdigm Group news, Director Robert J. Small sold 5,000 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $1,276.98, for a total transaction of $6,384,900.00. Following the completion of the transaction, the director owned 83,419 shares in the company, valued at $106,524,394.62. This trade represents a 5.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $1,276.07, for a total transaction of $3,828,210.00. Following the transaction, the chief operating officer owned 3,600 shares of the company’s stock, valued at $4,593,852. This trade represents a 45.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,496 shares of company stock worth $25,201,434 over the last three months. 4.09% of the stock is owned by company insiders.

Transdigm Group Stock Performance

TDG opened at $1,293.38 on Tuesday. The stock has a market capitalization of $72.88 billion, a price-to-earnings ratio of 42.93, a PEG ratio of 2.79 and a beta of 1.02. The company has a fifty day moving average of $1,335.27 and a 200 day moving average of $1,407.02. Transdigm Group Incorporated has a fifty-two week low of $1,183.60 and a fifty-two week high of $1,623.82.

Transdigm Group (NYSE:TDG) last posted its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share for the quarter, missing the consensus estimate 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%. The business’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the business posted $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, equities research analysts forecast that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Transdigm Group Increases Dividend

The firm also recently disclosed a special dividend, which was paid on Friday, September 12th. Shareholders 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.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Transdigm Group in a research note on Wednesday, October 8th. 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. Truist Financial increased their price objective 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. BMO Capital Markets assumed coverage on shares of Transdigm Group in a research note on Tuesday, September 30th. They issued an “outperform” rating and a $1,420.00 price objective for the company. Finally, Morgan Stanley increased their price objective on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Transdigm Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,579.13.

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.