Public Sector Pension Investment Board Acquires 2,466 Shares of Garmin Ltd. $GRMN

Public Sector Pension Investment Board lifted its holdings in shares of Garmin Ltd. (NYSE:GRMN) by 21.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,157 shares of the scientific and technical instruments company’s stock after buying an additional 2,466 shares during the period. Public Sector Pension Investment Board’s holdings in Garmin were worth $3,486,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Quaker Wealth Management LLC grew its stake in Garmin by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 132 shares of the scientific and technical instruments company’s stock valued at $28,000 after purchasing an additional 264 shares in the last quarter. Richardson Financial Services Inc. grew its stake in shares of Garmin by 62.2% in the third quarter. Richardson Financial Services Inc. now owns 133 shares of the scientific and technical instruments company’s stock valued at $33,000 after buying an additional 51 shares in the last quarter. Cornerstone Planning Group LLC grew its stake in shares of Garmin by 788.9% in the third quarter. Cornerstone Planning Group LLC now owns 160 shares of the scientific and technical instruments company’s stock valued at $39,000 after buying an additional 142 shares in the last quarter. Tradewinds Capital Management LLC acquired a new position in Garmin during the third quarter worth $44,000. Finally, Newbridge Financial Services Group Inc. raised its position in Garmin by 96.9% during the second quarter. Newbridge Financial Services Group Inc. now owns 250 shares of the scientific and technical instruments company’s stock worth $52,000 after acquiring an additional 123 shares in the last quarter. 81.60% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Garmin

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Q4 results beat expectations — Garmin reported record Q4 revenue (~$2.12B) and pro forma EPS of $2.79, with strong double‑digit growth in Fitness, Aviation and Marine; management issued above‑consensus FY‑2026 guidance. Garmin’s Q4 Earnings Surpass Estimates
• Positive Sentiment: Capital returns boosted — company proposed a ~17% raise to the quarterly dividend and authorized a new $500M share‑repurchase program, improving shareholder yield and reducing float. Garmin Jumps on Guidance, Then Doubles Down on Buybacks and a Bigger Dividend
• Positive Sentiment: Upgrades and positive coverage — Zacks moved Garmin to a Rank #2 (Buy) and several outlets highlighted the company as a steady-growth name, supporting near‑term demand for the shares. All You Need to Know About Garmin (GRMN) Rating Upgrade to Buy
• Positive Sentiment: Additional analyst support — Morgan Stanley and other outlets published upgrades/comments after the results, and JPMorgan raised its price target (to $265), adding institutional credibility. Morgan Stanley upgrades Garmin (GRMN)
• Neutral Sentiment: Valuation considerations — coverage notes that Garmin now trades at a premium to the market (~mid‑20s P/E) after the move; some analysts still stress valuation even as growth outlook improves. Assessing Garmin (GRMN) Valuation After Earnings
• Negative Sentiment: Insider selling noted — data aggregators show insider sales in recent months, which some investors watch as a cautionary signal even amid strong company results. QuiverQuant analysis & insider activity

Analyst Ratings Changes

A number of research analysts have recently commented on GRMN shares. Longbow Research raised shares of Garmin from a “neutral” rating to a “buy” rating and set a $250.00 price objective for the company in a research report on Wednesday, December 3rd. Morgan Stanley raised their target price on shares of Garmin from $193.00 to $195.00 and gave the company an “underweight” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. boosted their price target on Garmin from $250.00 to $265.00 and gave the stock a “neutral” rating in a research report on Thursday. Tigress Financial upped their price objective on Garmin from $310.00 to $320.00 and gave the company a “strong-buy” rating in a research note on Friday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Garmin in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Garmin presently has an average rating of “Moderate Buy” and a consensus price target of $254.00.

Garmin Stock Up 3.7%

Garmin stock opened at $248.65 on Friday. The company’s 50-day moving average price is $208.76 and its two-hundred day moving average price is $220.62. The stock has a market cap of $47.82 billion, a P/E ratio of 28.91, a P/E/G ratio of 2.34 and a beta of 1.00. Garmin Ltd. has a twelve month low of $169.26 and a twelve month high of $261.69.

Garmin (NYSE:GRMN) last issued its quarterly earnings data on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.39 by $0.40. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Garmin had a return on equity of 19.64% and a net margin of 22.96%.The business’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.41 earnings per share. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. Equities analysts anticipate that Garmin Ltd. will post 7.8 earnings per share for the current fiscal year.

Garmin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 26th. Stockholders of record on Friday, March 12th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, March 12th. This represents a $4.20 annualized dividend and a dividend yield of 1.7%. Garmin’s dividend payout ratio (DPR) is currently 41.86%.

Insider Buying and Selling at Garmin

In other Garmin news, Director Sean Biddlecombe sold 1,071 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $240.76, for a total value of $257,853.96. Following the transaction, the director directly owned 7,884 shares of the company’s stock, valued at $1,898,151.84. This trade represents a 11.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Douglas G. Boessen sold 479 shares of Garmin stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $215.41, for a total transaction of $103,181.39. Following the completion of the transaction, the chief financial officer directly owned 28,488 shares in the company, valued at $6,136,600.08. This trade represents a 1.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,144 shares of company stock valued at $3,798,628 in the last three months. Corporate insiders own 15.38% of the company’s stock.

About Garmin

Garmin Ltd. is a technology company best known for designing and manufacturing navigation, communication and information devices that leverage global positioning system (GPS) technology. The company serves a diverse set of markets including consumer fitness and wearables, automotive navigation, aviation avionics, marine electronics and outdoor handheld devices. Garmin’s products combine hardware, mapping and software services to deliver location-aware solutions for personal, recreational and professional uses.

Garmin’s product lineup includes wearable fitness and multisport watches (Forerunner, Fenix, Venu), cycling computers and accessories (Edge, Varia), handheld and handheld-mounted GPS devices for outdoor activities, automotive and portable navigation units, marine chartplotters and fishfinders, and certified avionics for fixed- and rotary-wing aircraft.