Transdigm Group Incorporated $TDG Shares Sold by Bank of Montreal Can

Bank of Montreal Can lessened its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 21.6% during the second quarter, Holdings Channel.com reports. The fund owned 59,677 shares of the aerospace company’s stock after selling 16,478 shares during the period. Bank of Montreal Can’s holdings in Transdigm Group were worth $90,747,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Winch Advisory Services LLC increased its stake in shares of Transdigm Group by 53.8% during the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 7 shares during the period. Saudi Central Bank acquired a new position in shares of Transdigm Group during the first quarter valued at approximately $30,000. Bank of Jackson Hole Trust increased its stake in shares of Transdigm Group by 84.6% during the second quarter. Bank of Jackson Hole Trust now owns 24 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 11 shares during the period. Hantz Financial Services Inc. increased its stake in shares of Transdigm Group by 1,250.0% during the second quarter. Hantz Financial Services Inc. now owns 27 shares of the aerospace company’s stock valued at $41,000 after acquiring an additional 25 shares during the period. Finally, Park Square Financial Group LLC increased its stake in shares of Transdigm Group by 36.0% during the first quarter. Park Square Financial Group LLC now owns 34 shares of the aerospace company’s stock valued at $47,000 after acquiring an additional 9 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on TDG shares. Citigroup lifted their price target on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. BMO Capital Markets started coverage on shares of Transdigm Group in a research report on Tuesday, September 30th. They issued an “outperform” rating and a $1,420.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Weiss Ratings restated a “buy (b)” rating on shares of Transdigm Group in a research report on Wednesday, October 8th. Finally, Truist Financial decreased their price target on shares of Transdigm Group from $1,730.00 to $1,647.00 and set a “buy” rating on the stock in a research report on Wednesday, October 15th. Twelve equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,564.56.

Insider Activity at Transdigm Group

In other Transdigm Group news, COO Joel Reiss sold 3,000 shares of Transdigm Group 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 completion of the sale, the chief operating officer owned 3,600 shares of the company’s stock, valued at $4,606,524. This trade represents a 45.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert J. Small sold 5,000 shares of Transdigm Group stock in a transaction on Friday, September 12th. The shares were sold at an average price of $1,276.98, for a total transaction of $6,384,900.00. Following the sale, the director directly owned 83,419 shares of the company’s stock, valued at $106,524,394.62. This trade represents a 5.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 22,802 shares of company stock worth $29,917,993. 4.09% of the stock is currently owned by company insiders.

Transdigm Group Stock Performance

Transdigm Group stock opened at $1,290.67 on Wednesday. The company has a 50 day moving average price of $1,304.32 and a 200 day moving average price of $1,406.36. 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 $72.73 billion, a price-to-earnings ratio of 42.84, a P/E/G ratio of 3.25 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. Equities analysts forecast that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

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

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.