Morningstar Investment Management LLC Acquires New Stake in Transdigm Group Incorporated $TDG

Morningstar Investment Management LLC acquired a new stake in shares of Transdigm Group Incorporated (NYSE:TDG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 435 shares of the aerospace company’s stock, valued at approximately $661,000.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake 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 acquiring an additional 89,121 shares during the period. Charles Schwab Investment Management Inc. increased its stake 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 valued at $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 shares of Transdigm Group by 3.8% during the first 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 acquiring an additional 12,842 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of 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 acquiring an additional 67,547 shares during the period. Finally, Vulcan Value Partners LLC increased its stake in shares of Transdigm Group by 5.6% during the first quarter. Vulcan Value Partners LLC now owns 249,026 shares of the aerospace company’s stock valued at $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.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TDG. Susquehanna reduced their target price on shares of Transdigm Group from $1,500.00 to $1,450.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. The Goldman Sachs Group raised their target price on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. KeyCorp reduced their target price on shares of 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. BMO Capital Markets began coverage on shares of Transdigm Group in a report on Tuesday, September 30th. They set an “outperform” rating and a $1,420.00 target price for the company. Finally, Stifel Nicolaus began coverage on shares of Transdigm Group in a report on Tuesday, June 24th. They set a “buy” rating and a $1,710.00 target price for the company. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,579.13.

Insider Activity

In related news, Director W Nicholas Howley sold 2,736 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $1,282.47, for a total value of $3,508,837.92. Following the completion of the transaction, the director owned 21,548 shares of the company’s stock, valued at approximately $27,634,663.56. This trade represents a 11.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Graff sold 1,760 shares of the firm’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 completion of the transaction, the director directly owned 1,964 shares of the company’s stock, valued at $2,753,724.40. This represents a 47.26% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,496 shares of company stock worth $25,201,434. Company insiders own 4.09% of the company’s stock.

Transdigm Group Stock Performance

Transdigm Group stock opened at $1,293.38 on Tuesday. The company has a 50 day moving average price of $1,335.27 and a 200 day moving average price of $1,407.02. Transdigm Group Incorporated has a 52 week low of $1,183.60 and a 52 week high of $1,623.82. The firm has a market capitalization of $72.88 billion, a price-to-earnings ratio of 42.93, a P/E/G ratio of 2.79 and a beta of 1.02.

Transdigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.29 billion. During the same period in the prior year, the business posted $9.00 EPS. The company’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. Equities analysts forecast that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

The company also recently disclosed a special dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were paid 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.

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.