Pittenger & Anderson Inc. Buys 49 Shares of Transdigm Group Incorporated $TDG

Pittenger & Anderson Inc. increased its position in shares of Transdigm Group Incorporated (NYSE:TDG) by 0.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,818 shares of the aerospace company’s stock after buying an additional 49 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Transdigm Group were worth $14,930,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Transdigm Group by 1.4% during the first quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company’s stock valued at $8,797,619,000 after purchasing an additional 89,121 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in 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 valued at $504,840,000 after buying an additional 14,703 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Transdigm Group by 3.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 354,613 shares of the aerospace company’s stock valued at $490,533,000 after buying an additional 12,842 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Transdigm Group by 32.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 273,924 shares of the aerospace company’s stock valued at $378,917,000 after buying an additional 67,547 shares in the last quarter. Finally, Vulcan Value Partners LLC lifted its holdings in shares of Transdigm Group by 5.6% during the 1st quarter. Vulcan Value Partners LLC now owns 249,026 shares of the aerospace company’s stock worth $344,543,000 after acquiring an additional 13,286 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on TDG. Susquehanna dropped 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. JPMorgan Chase & Co. increased 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. Royal Bank Of Canada lowered Transdigm Group from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $1,550.00 to $1,385.00 in a research note on Monday, September 8th. BMO Capital Markets began coverage on Transdigm Group in a research report on Tuesday, September 30th. They issued an “outperform” rating and a $1,420.00 price target on the stock. Finally, KeyCorp cut their price objective on Transdigm Group from $1,700.00 to $1,600.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Twelve equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,564.56.

Insider Activity at Transdigm Group

In other news, Director Robert J. Small sold 5,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director directly owned 83,419 shares in the company, valued at approximately $106,524,394.62. This represents a 5.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Graff sold 1,760 shares of the stock in a transaction that occurred 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 sale, the director directly owned 1,964 shares in the company, valued at $2,753,724.40. This trade represents a 47.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 18,232 shares of company stock valued at $23,961,562. Insiders own 4.09% of the company’s stock.

Transdigm Group Stock Performance

Shares of TDG opened at $1,303.54 on Tuesday. The company has a market cap of $73.45 billion, a price-to-earnings ratio of 43.26, a PEG ratio of 2.95 and a beta of 1.02. The stock has a fifty day moving average price of $1,321.73 and a two-hundred day moving average price of $1,404.15. Transdigm Group Incorporated has a 52-week low of $1,183.60 and a 52-week high of $1,623.82.

Transdigm Group (NYSE:TDG) last announced its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the previous year, the company posted $9.00 EPS. Transdigm Group’s revenue for the quarter was up 9.3% on a year-over-year basis. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, research analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal 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 given a $90.00 dividend. The ex-dividend date was Tuesday, September 2nd. This is a boost from Transdigm Group’s previous special dividend of $75.00.

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.