TransDigm Group Incorporated (NYSE:TDG) to Issue Dividend Increase – $75.00 Per Share

TransDigm Group Incorporated (NYSE:TDG) announced a dividend on Friday, September 20th, NASDAQ reports. Stockholders of record on Friday, October 4th will be paid a dividend of 75.00 per share by the aerospace company on Friday, October 18th. The ex-dividend date is Friday, October 4th. This is an increase from TransDigm Group’s previous dividend of $32.50.

TransDigm Group Stock Up 0.5 %

NYSE TDG opened at $1,442.53 on Thursday. The firm has a market cap of $80.94 billion, a P/E ratio of 57.22, a P/E/G ratio of 2.21 and a beta of 1.42. TransDigm Group has a 52-week low of $802.46 and a 52-week high of $1,451.32. The business’s 50-day moving average price is $1,320.64 and its 200 day moving average price is $1,289.62.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the company posted $6.55 earnings per share. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, analysts anticipate that TransDigm Group will post 30.7 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director W Nicholas Howley sold 5,073 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at $26,769,080.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other TransDigm Group news, Director W Nicholas Howley sold 5,073 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $26,769,080.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,469,760. The disclosure for this sale can be found here. Insiders have sold 36,545 shares of company stock valued at $46,454,828 in the last ninety days. Insiders own 4.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. Jefferies Financial Group reduced their price target on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft increased their price objective on TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley boosted their target price on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Finally, StockNews.com downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, TransDigm Group currently has an average rating of “Moderate Buy” and a consensus price target of $1,441.35.

About TransDigm Group

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.