Strategic Family Wealth Counselors L.L.C. Takes $519,000 Position in Garmin Ltd. $GRMN

Strategic Family Wealth Counselors L.L.C. bought a new stake in Garmin Ltd. (NYSE:GRMN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,586 shares of the scientific and technical instruments company’s stock, valued at approximately $519,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Richardson Financial Services Inc. increased its stake in Garmin by 62.2% in the 3rd quarter. Richardson Financial Services Inc. now owns 133 shares of the scientific and technical instruments company’s stock worth $33,000 after buying an additional 51 shares during the period. Cornerstone Planning Group LLC increased its stake in Garmin by 788.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 160 shares of the scientific and technical instruments company’s stock worth $39,000 after buying an additional 142 shares during the period. GraniteShares Advisors LLC purchased a new position in Garmin in the 4th quarter worth about $41,000. Torren Management LLC purchased a new position in Garmin in the 4th quarter worth about $41,000. Finally, Mascoma Wealth Management LLC purchased a new position in Garmin in the 3rd quarter worth about $54,000. Hedge funds and other institutional investors own 81.60% of the company’s stock.

Insider Activity at Garmin

In other Garmin news, COO Patrick Desbois sold 6,694 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $251.65, for a total transaction of $1,684,545.10. Following the transaction, the chief operating officer directly owned 58,540 shares in the company, valued at $14,731,591. This represents a 10.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Susan Lyman sold 3,805 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $251.32, for a total transaction of $956,272.60. Following the completion of the sale, the vice president owned 7,471 shares in the company, valued at $1,877,611.72. This represents a 33.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 40,725 shares of company stock worth $10,213,222 over the last quarter. Corporate insiders own 15.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on GRMN shares. JPMorgan Chase & Co. raised their price target on shares of Garmin from $265.00 to $285.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Garmin in a research note on Thursday, January 22nd. Morgan Stanley set a $249.00 price target on shares of Garmin in a research note on Thursday, April 30th. Barclays reduced their price target on shares of Garmin from $240.00 to $238.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. Finally, Tigress Financial raised their price target on shares of Garmin from $310.00 to $320.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $268.40.

Garmin Price Performance

Shares of Garmin stock opened at $232.29 on Thursday. Garmin Ltd. has a 1 year low of $186.67 and a 1 year high of $273.32. The firm’s 50-day moving average is $245.66 and its two-hundred day moving average is $222.53. The stock has a market cap of $44.80 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 2.79 and a beta of 0.94.

Garmin (NYSE:GRMN) last issued its earnings results on Wednesday, April 29th. The scientific and technical instruments company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.24. Garmin had a net margin of 23.26% and a return on equity of 20.07%. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the prior year, the business earned $1.61 EPS. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. On average, equities analysts expect that Garmin Ltd. will post 9.57 earnings per share for the current year.

Garmin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 26th. Shareholders of record on Friday, March 12th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, March 12th. Garmin’s dividend payout ratio is presently 46.82%.

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.