Susan Lyman Sells 3,805 Shares of Garmin (NYSE:GRMN) Stock

Garmin Ltd. (NYSE:GRMN) VP Susan Lyman sold 3,805 shares of Garmin stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $251.32, for a total value of $956,272.60. Following the sale, the vice president owned 7,471 shares in the company, valued at $1,877,611.72. This trade represents a 33.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Garmin Stock Down 0.7%

GRMN opened at $252.42 on Friday. The firm has a market cap of $48.59 billion, a price-to-earnings ratio of 29.35, a price-to-earnings-growth ratio of 3.03 and a beta of 1.00. Garmin Ltd. has a 52 week low of $169.26 and a 52 week high of $261.69. The business’s 50 day moving average is $213.48 and its two-hundred day moving average is $221.29.

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

Garmin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 26th. Investors 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 yield of 1.7%. Garmin’s payout ratio is currently 41.86%.

Key Garmin News

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Rare institutional inflows continue to target Garmin, a long-term bullish technical/fund flow signal that some investors view as a structural tailwind. This can attract new demand and partly offset selling pressure. Read More.
• Neutral Sentiment: Despite the sales, insiders still retain sizable holdings (for example, CEO Clifton Pemble owns 124,075 shares after his sale), which can temper concerns that leadership is abandoning the stock. Read More.
• Negative Sentiment: Large, coordinated insider selling likely pressured the share price: CEO Clifton Pemble sold 19,914 shares (~$5.01M), COO Patrick Desbois sold 6,694 shares (~$1.68M), EVP Matthew Munn sold 5,275 shares (~$1.32M), CFO Douglas Boessen sold 3,487 shares (~$877.5K), and VP Susan Lyman sold 3,805 shares (~$956K). These trades represent double-digit percentage reductions for several executives and are being interpreted by some investors as a negative signal or as near-term supply hitting the market. SEC filings for each sale: Read More., Read More., Read More., Read More., Read More.

Analyst Upgrades and Downgrades

GRMN has been the subject of a number of research analyst reports. Zacks Research upgraded Garmin from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Garmin in a report on Thursday, January 22nd. Tigress Financial lifted their target price on shares of Garmin from $310.00 to $320.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 20th. Longbow Research upgraded shares of Garmin from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a research report on Wednesday, December 3rd. Finally, Barclays set a $240.00 price objective on shares of Garmin in a research note on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $254.00.

Institutional Trading of Garmin

Large investors have recently modified their holdings of the business. SG Trading Solutions LLC acquired a new stake in Garmin during the 4th quarter valued at approximately $435,000. MV Capital Management Inc. purchased a new position in shares of Garmin during the 4th quarter valued at approximately $3,297,000. Corient Private Wealth LLC boosted its stake in shares of Garmin by 59.0% during the 4th quarter. Corient Private Wealth LLC now owns 32,562 shares of the scientific and technical instruments company’s stock valued at $6,605,000 after buying an additional 12,084 shares during the last quarter. Alpine Woods Capital Investors LLC grew its position in shares of Garmin by 9.6% during the fourth quarter. Alpine Woods Capital Investors LLC now owns 10,209 shares of the scientific and technical instruments company’s stock worth $2,071,000 after buying an additional 895 shares in the last quarter. Finally, Summit Global Investments bought a new stake in shares of Garmin in the fourth quarter worth $210,000. 81.60% of the stock is currently owned by institutional investors and hedge funds.

Garmin Company Profile

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.