Fifth Third Wealth Advisors LLC Lowers Holdings in Transdigm Group Incorporated $TDG

Fifth Third Wealth Advisors LLC cut its holdings in Transdigm Group Incorporated (NYSE:TDG) by 9.6% during the second quarter, Holdings Channel reports. The firm owned 470 shares of the aerospace company’s stock after selling 50 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Transdigm Group were worth $715,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Transdigm Group by 1.4% during the 1st 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 in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Transdigm Group by 4.2% during the 1st 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Transdigm Group by 3.8% during 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 purchasing an additional 12,842 shares during the last quarter. Goldman Sachs Group Inc. increased its position 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 valued at $378,917,000 after purchasing an additional 67,547 shares during the last quarter. Finally, Vulcan Value Partners LLC increased its position 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 valued at $344,543,000 after purchasing an additional 13,286 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Transdigm Group Trading Up 0.1%

Shares of TDG opened at $1,276.79 on Monday. Transdigm Group Incorporated has a 12 month low of $1,183.60 and a 12 month high of $1,623.82. The stock’s 50 day moving average is $1,341.66 and its two-hundred day moving average is $1,407.60. The firm has a market cap of $71.95 billion, a P/E ratio of 42.38, a PEG ratio of 2.79 and a beta of 1.02.

Transdigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 negative return on equity of 35.27% and a net margin of 20.98%.The business’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Equities research 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. Stockholders of record on Tuesday, September 2nd were paid a $90.00 dividend. This is a boost from Transdigm Group’s previous special dividend of $75.00. The ex-dividend date of this dividend was Tuesday, September 2nd.

Analyst Ratings Changes

TDG has been the topic of several research analyst reports. Susquehanna cut their price objective on Transdigm Group from $1,500.00 to $1,450.00 and set a “neutral” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. upped their price objective on Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Stifel Nicolaus assumed coverage on Transdigm Group in a research note on Tuesday, June 24th. They issued a “buy” rating and a $1,710.00 price objective for the company. Jefferies Financial Group reduced their price objective on Transdigm Group from $1,650.00 to $1,490.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Finally, Morgan Stanley raised their price objective on Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Transdigm Group presently has an average rating of “Moderate Buy” and an average target price of $1,579.13.

Insider Buying and Selling

In other news, Director W Nicholas Howley sold 2,736 shares of the business’s stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $1,569.86, for a total transaction of $4,295,136.96. Following the transaction, the director owned 21,548 shares of the company’s stock, valued at approximately $33,827,343.28. The trade was a 11.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael Graff sold 1,760 shares of the business’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $1,402.10, for a total transaction of $2,467,696.00. Following the transaction, the director directly owned 1,964 shares in the company, valued at approximately $2,753,724.40. The trade was a 47.26% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,232 shares of company stock worth $29,496,571. 4.09% of the stock is currently owned by corporate insiders.

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.