Schmidt P J Investment Management Inc. Increases Stake in Transdigm Group Incorporated $TDG

Schmidt P J Investment Management Inc. raised its position in Transdigm Group Incorporated (NYSE:TDG) by 13.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 297 shares of the aerospace company’s stock after purchasing an additional 36 shares during the period. Schmidt P J Investment Management Inc.’s holdings in Transdigm Group were worth $452,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Winch Advisory Services LLC lifted its holdings 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 purchasing an additional 7 shares in the last quarter. Saudi Central Bank purchased a new position in Transdigm Group in the 1st quarter valued at $30,000. Ameritas Advisory Services LLC purchased a new position in Transdigm Group in the 2nd quarter valued at $47,000. Park Square Financial Group LLC lifted its holdings in Transdigm Group by 36.0% in the 1st quarter. Park Square Financial Group LLC now owns 34 shares of the aerospace company’s stock valued at $47,000 after purchasing an additional 9 shares in the last quarter. Finally, Hilltop National Bank purchased a new position in Transdigm Group in the 2nd quarter valued at $71,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on TDG. Royal Bank Of Canada lowered Transdigm Group from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $1,550.00 to $1,385.00 in a report on Monday, September 8th. Morgan Stanley reduced their price target on Transdigm Group from $1,750.00 to $1,600.00 and set an “overweight” rating on the stock in a report on Wednesday, October 15th. Truist Financial reduced their price target on Transdigm Group from $1,730.00 to $1,647.00 and set a “buy” rating on the stock in a report on Wednesday, October 15th. BMO Capital Markets assumed coverage on Transdigm Group in a report on Tuesday, September 30th. They set an “outperform” rating and a $1,420.00 price target on the stock. Finally, Citigroup lifted their price target on Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Twelve investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Transdigm Group has a consensus rating of “Moderate Buy” and a consensus target price of $1,564.56.

Transdigm Group Trading Up 0.7%

Shares of NYSE:TDG opened at $1,359.71 on Monday. The business has a 50-day moving average price of $1,316.00 and a 200 day moving average price of $1,406.47. The company has a market capitalization of $76.62 billion, a price-to-earnings ratio of 45.13, a PEG ratio of 3.34 and a beta of 1.02. Transdigm Group Incorporated has a 12-month low of $1,183.60 and a 12-month high of $1,623.82.

Transdigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.75 by ($0.15). The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. 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. 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 firm also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a positive change from Transdigm Group’s previous special dividend of $75.00.

Insiders Place Their Bets

In other Transdigm Group news, Director W Nicholas Howley sold 2,736 shares of Transdigm Group stock in a transaction dated 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 completion of the transaction, the director directly owned 21,548 shares of the company’s stock, valued at $27,988,050.76. The trade was a 11.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert J. Small sold 5,000 shares of Transdigm Group stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $1,276.98, for a total value of $6,384,900.00. Following the completion of the transaction, the director directly owned 83,419 shares of the company’s stock, valued at approximately $106,524,394.62. This represents a 5.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,232 shares of company stock valued at $27,800,332 over the last 90 days. Company insiders own 4.09% of the company’s stock.

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.