Advisors Capital Management LLC Takes $271,000 Position in Transdigm Group Incorporated $TDG

Advisors Capital Management LLC bought a new stake in Transdigm Group Incorporated (NYSE:TDG) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 195 shares of the aerospace company’s stock, valued at approximately $271,000.

Several other large investors also recently made changes to their positions in TDG. Janus Henderson Group PLC grew its stake in shares of Transdigm Group by 3.2% in the 4th quarter. Janus Henderson Group PLC now owns 7,431 shares of the aerospace company’s stock valued at $9,413,000 after buying an additional 229 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Transdigm Group by 38.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,620 shares of the aerospace company’s stock valued at $7,122,000 after buying an additional 1,568 shares during the period. Nomura Holdings Inc. acquired a new stake in shares of Transdigm Group in the 4th quarter valued at about $2,350,000. Quantinno Capital Management LP grew its stake in shares of Transdigm Group by 12.3% in the 4th quarter. Quantinno Capital Management LP now owns 5,329 shares of the aerospace company’s stock valued at $6,754,000 after buying an additional 584 shares during the period. Finally, ProShare Advisors LLC grew its stake in shares of Transdigm Group by 14.4% in the 4th quarter. ProShare Advisors LLC now owns 8,127 shares of the aerospace company’s stock valued at $10,299,000 after buying an additional 1,023 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Transdigm Group Stock Down 1.6%

Transdigm Group stock opened at $1,272.39 on Friday. Transdigm Group Incorporated has a 52 week low of $1,183.60 and a 52 week high of $1,623.82. The company’s 50 day moving average price is $1,457.03 and its two-hundred day moving average price is $1,416.52. The stock has a market cap of $71.70 billion, a P/E ratio of 42.23, a P/E/G ratio of 2.73 and a beta of 1.03.

Transdigm Group (NYSE:TDG) last posted 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 firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the prior year, the business earned $9.00 EPS. Transdigm Group’s quarterly revenue was up 9.3% compared to the same quarter last year. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, equities analysts anticipate that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Tuesday, September 2nd. This is an increase from Transdigm Group’s previous special dividend of $75.00.

Wall Street Analyst Weigh In

Several analysts have recently commented on TDG shares. Stifel Nicolaus started coverage on Transdigm Group in a research note on Tuesday, June 24th. They issued a “buy” rating and a $1,710.00 target price for the company. UBS Group raised their price target on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Truist Financial raised their price target on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the company a “buy” rating in a research report on Friday, July 11th. JPMorgan Chase & Co. raised their price target on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Finally, Royal Bank Of Canada cut shares of Transdigm Group from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $1,550.00 to $1,385.00 in a research report on Monday, September 8th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Transdigm Group currently has a consensus rating of “Moderate Buy” and an average price target of $1,607.57.

Insiders Place Their Bets

In related news, COO Joel Reiss sold 3,000 shares of Transdigm Group stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $1,424.27, for a total value of $4,272,810.00. Following the sale, the chief operating officer owned 3,600 shares of the company’s stock, valued at approximately $5,127,372. The trade was a 45.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Graff sold 1,760 shares of Transdigm Group stock in a transaction that occurred on Tuesday, August 26th. The stock was 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 directly owned 1,964 shares in the company, valued at $2,753,724.40. This trade represents a 47.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,232 shares of company stock valued at $23,998,436 in the last 90 days. 4.09% of the stock is currently owned by corporate insiders.

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.