Strs Ohio Has $90.46 Million Stock Holdings in Transdigm Group Incorporated $TDG

Strs Ohio grew its position in Transdigm Group Incorporated (NYSE:TDG) by 2.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 59,489 shares of the aerospace company’s stock after purchasing an additional 1,312 shares during the quarter. Strs Ohio’s holdings in Transdigm Group were worth $90,461,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its holdings 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 worth $8,797,619,000 after acquiring an additional 89,121 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Transdigm Group by 4.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 364,956 shares of the aerospace company’s stock worth $504,840,000 after acquiring an additional 14,703 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake 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 last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Transdigm Group by 32.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 273,924 shares of the aerospace company’s stock worth $378,917,000 after buying an additional 67,547 shares during the last quarter. Finally, Vulcan Value Partners LLC boosted its stake 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 buying an additional 13,286 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TDG has been the subject of a number of analyst reports. KeyCorp decreased 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 report on Friday, August 8th. Zacks Research downgraded shares of Transdigm Group from a “hold” rating to a “strong sell” rating in a research report on Monday. JPMorgan Chase & Co. lifted their target price on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Truist Financial reduced their target price on shares of Transdigm Group from $1,730.00 to $1,647.00 and set a “buy” rating for the company in a report on Wednesday, October 15th. Finally, UBS Group lifted their target price on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Twelve analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,564.56.

Insider Buying and Selling at Transdigm Group

In related news, Director W Nicholas Howley sold 2,736 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 21,548 shares in the company, valued at $27,988,050.76. This represents a 11.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Graff sold 1,760 shares of the company’s 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 transaction, the director owned 1,964 shares of the company’s stock, valued at approximately $2,753,724.40. This represents a 47.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 22,512 shares of company stock worth $29,538,093 over the last 90 days. 4.09% of the stock is owned by corporate insiders.

Transdigm Group Stock Down 1.5%

NYSE TDG opened at $1,314.98 on Thursday. The company has a market capitalization of $74.10 billion, a P/E ratio of 43.64, a P/E/G ratio of 3.30 and a beta of 1.02. The firm has a 50-day moving average price of $1,312.34 and a two-hundred day moving average price of $1,407.04. 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 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). The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.29 billion. Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. Transdigm Group’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Equities analysts expect that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

The business 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 was Tuesday, September 2nd. This is a positive change 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.