Chicago Partners Investment Group LLC Sells 12 Shares of Transdigm Group Incorporated $TDG

Chicago Partners Investment Group LLC cut its holdings in Transdigm Group Incorporated (NYSE:TDG) by 0.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,624 shares of the aerospace company’s stock after selling 12 shares during the period. Chicago Partners Investment Group LLC’s holdings in Transdigm Group were worth $5,790,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of TDG. Nuveen LLC bought a new position in Transdigm Group in the 1st quarter valued at $168,048,000. Bain Capital Public Equity Management II LLC bought a new stake in shares of Transdigm Group during the 1st quarter worth $157,890,000. Vanguard Group Inc. boosted its holdings in shares of Transdigm Group by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company’s stock worth $8,797,619,000 after buying an additional 89,121 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Transdigm Group by 32.7% during the first 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 during the period. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in Transdigm Group in the second quarter worth about $94,085,000. 95.78% of the stock is currently owned by institutional investors.

Insider Activity

In other Transdigm Group news, 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 value 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 represents a 47.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director W Nicholas Howley sold 2,736 shares of the business’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $1,298.87, for a total transaction 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 trade represents a 11.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 21,232 shares of company stock valued at $28,755,142. Corporate insiders own 4.09% of the company’s stock.

Transdigm Group Price Performance

NYSE:TDG opened at $1,267.98 on Friday. Transdigm Group Incorporated has a 1 year low of $1,183.60 and a 1 year high of $1,623.82. The stock’s fifty day moving average price is $1,323.87 and its two-hundred day moving average price is $1,403.42. The company has a market cap of $71.45 billion, a P/E ratio of 42.08, a P/E/G ratio of 2.90 and a beta of 1.02.

Transdigm Group (NYSE:TDG) last announced its quarterly 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). Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter last year, the firm posted $9.00 earnings per share. Transdigm Group’s revenue for the quarter 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, analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

The company also recently declared a special dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were issued a $90.00 dividend. 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.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. BMO Capital Markets assumed coverage on shares of Transdigm Group in a research report on Tuesday, September 30th. They set an “outperform” rating and a $1,420.00 target price for the company. KeyCorp reduced 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. Truist Financial decreased their target price on Transdigm Group from $1,730.00 to $1,647.00 and set a “buy” rating for the company in a research report on Wednesday. Susquehanna lowered their target price on Transdigm Group from $1,500.00 to $1,450.00 and set a “neutral” rating on the stock in a research note on Thursday, October 9th. Finally, Royal Bank Of Canada downgraded Transdigm Group from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $1,550.00 to $1,385.00 in a research note on Monday, September 8th. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,564.56.

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.