Envestnet Asset Management Inc. Cuts Stake in Transdigm Group Incorporated $TDG

Envestnet Asset Management Inc. cut its position in Transdigm Group Incorporated (NYSE:TDG) by 2.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 72,112 shares of the aerospace company’s stock after selling 1,497 shares during the period. Envestnet Asset Management Inc.’s holdings in Transdigm Group were worth $109,656,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vontobel Holding Ltd. bought a new position in Transdigm Group in the 1st quarter valued at approximately $387,000. Equitable Trust Co. lifted its holdings in shares of Transdigm Group by 8.2% during the second quarter. Equitable Trust Co. now owns 6,371 shares of the aerospace company’s stock valued at $9,688,000 after purchasing an additional 484 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Transdigm Group by 4.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,653 shares of the aerospace company’s stock valued at $11,970,000 after buying an additional 380 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Transdigm Group by 5.4% during the first quarter. BNP Paribas Financial Markets now owns 104,065 shares of the aerospace company’s stock valued at $143,952,000 after buying an additional 5,369 shares during the last quarter. Finally, Radnor Capital Management LLC increased its holdings in Transdigm Group by 57.9% in the 2nd quarter. Radnor Capital Management LLC now owns 1,255 shares of the aerospace company’s stock worth $1,908,000 after buying an additional 460 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Transdigm Group Stock Performance

NYSE TDG opened at $1,335.98 on Wednesday. The business’s fifty day moving average is $1,314.06 and its 200 day moving average is $1,407.00. Transdigm Group Incorporated has a fifty-two week low of $1,183.60 and a fifty-two week high of $1,623.82. The company has a market capitalization of $75.28 billion, a PE ratio of 44.34, a price-to-earnings-growth ratio of 3.33 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 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 company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period last year, the business earned $9.00 EPS. The firm’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, sell-side analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

The company also recently declared a special dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were given a $90.00 dividend. The ex-dividend date was Tuesday, September 2nd. This is an increase from Transdigm Group’s previous special dividend of $75.00.

Insider Transactions at Transdigm Group

In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $1,279.59, for a total transaction of $3,838,770.00. Following the sale, the chief operating officer directly owned 3,600 shares in the company, valued at $4,606,524. This trade represents a 45.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director W Nicholas Howley sold 2,736 shares of Transdigm Group 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 in the company, valued at approximately $27,988,050.76. This trade represents a 11.27% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 22,512 shares of company stock valued at $29,538,093. Company insiders own 4.09% of the company’s stock.

Analyst Ratings Changes

TDG has been the topic of several research analyst reports. KeyCorp lowered their target price on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. JPMorgan Chase & Co. increased their price objective 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. UBS Group raised 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. Jefferies Financial Group lowered their price target on Transdigm Group from $1,650.00 to $1,490.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. Finally, Morgan Stanley cut their price objective on Transdigm Group from $1,750.00 to $1,600.00 and set an “overweight” rating for the company in a report on Wednesday, October 15th. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,564.56.

Transdigm Group 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.