Glenview Trust co Boosts Stake in Transdigm Group Incorporated $TDG

Glenview Trust co lifted its holdings in Transdigm Group Incorporated (NYSE:TDG) by 15.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,425 shares of the aerospace company’s stock after buying an additional 194 shares during the quarter. Glenview Trust co’s holdings in Transdigm Group were worth $1,971,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Winch Advisory Services LLC boosted its stake in shares of Transdigm Group by 53.8% in the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company’s stock valued at $28,000 after buying an additional 7 shares in the last quarter. Rothschild Investment LLC raised its holdings in Transdigm Group by 13.1% during the first quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company’s stock worth $95,000 after purchasing an additional 8 shares during the last quarter. Balefire LLC raised its holdings in Transdigm Group by 4.9% during the first quarter. Balefire LLC now owns 171 shares of the aerospace company’s stock worth $237,000 after purchasing an additional 8 shares during the last quarter. New Republic Capital LLC raised its holdings in Transdigm Group by 4.6% during the first quarter. New Republic Capital LLC now owns 183 shares of the aerospace company’s stock worth $253,000 after purchasing an additional 8 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC raised its holdings in Transdigm Group by 3.7% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 225 shares of the aerospace company’s stock worth $311,000 after purchasing an additional 8 shares during the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Michael Graff sold 1,760 shares of the company’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $1,402.10, for a total value of $2,467,696.00. Following the completion of the transaction, the director directly owned 1,964 shares in the company, valued at approximately $2,753,724.40. This represents a 47.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Sarah Wynne sold 1,800 shares of the company’s stock in a transaction on Friday, June 13th. The shares were sold at an average price of $1,450.00, for a total value of $2,610,000.00. Following the completion of the transaction, the chief financial officer owned 3,400 shares of the company’s stock, valued at $4,930,000. The trade was a 34.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,032 shares of company stock valued at $26,608,436. 4.09% of the stock is owned by company insiders.

Transdigm Group Trading Down 1.8%

Transdigm Group stock opened at $1,288.72 on Thursday. The firm has a market capitalization of $72.62 billion, a P/E ratio of 42.77, a PEG ratio of 2.77 and a beta of 1.03. The stock has a fifty day moving average price of $1,466.63 and a 200 day moving average price of $1,416.53. Transdigm Group Incorporated has a 52 week low of $1,183.60 and a 52 week high of $1,623.82.

Transdigm Group (NYSE:TDG) last released 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 business 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%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, equities analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

The firm also recently announced a special dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, September 2nd will be paid a $90.00 dividend. The ex-dividend date is Tuesday, September 2nd. This is an increase from Transdigm Group’s previous special dividend of $75.00.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TDG shares. 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. The Goldman Sachs Group boosted their price target on Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. Truist Financial boosted their price target on Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Morgan Stanley boosted their price target on Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Finally, Citigroup boosted their price target on Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Nine 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, Transdigm Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,607.57.

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.