Garmin Ltd. $GRMN Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its holdings in Garmin Ltd. (NYSE:GRMN) by 0.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 20,163,896 shares of the scientific and technical instruments company’s stock after selling 33,668 shares during the quarter. Vanguard Group Inc. owned about 0.10% of Garmin worth $4,090,246,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Mather Group LLC. increased its stake in shares of Garmin by 1.2% in the 3rd quarter. Mather Group LLC. now owns 3,749 shares of the scientific and technical instruments company’s stock valued at $923,000 after purchasing an additional 44 shares in the last quarter. Daymark Wealth Partners LLC boosted its holdings in Garmin by 0.7% in the 4th quarter. Daymark Wealth Partners LLC now owns 6,813 shares of the scientific and technical instruments company’s stock worth $1,382,000 after buying an additional 48 shares during the last quarter. SYM FINANCIAL Corp boosted its holdings in Garmin by 4.0% in the 3rd quarter. SYM FINANCIAL Corp now owns 1,294 shares of the scientific and technical instruments company’s stock worth $319,000 after buying an additional 50 shares during the last quarter. Richardson Financial Services Inc. boosted its holdings 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 last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in Garmin by 1.0% in the 3rd quarter. Quadrant Capital Group LLC now owns 4,917 shares of the scientific and technical instruments company’s stock worth $1,211,000 after buying an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 81.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on GRMN. Tigress Financial upped their price objective on Garmin from $310.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, February 20th. Zacks Research raised Garmin from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. JPMorgan Chase & Co. boosted their target price on Garmin from $265.00 to $285.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. Barclays set a $240.00 price objective on Garmin in a research report on Thursday, February 19th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Garmin in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Garmin currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.00.

Insider Buying and Selling at Garmin

In other news, VP Susan Lyman sold 3,805 shares of the 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 approximately $1,877,611.72. This represents a 33.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Clifton A. Pemble sold 19,914 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $251.58, for a total transaction of $5,009,964.12. Following the sale, the chief executive officer owned 124,075 shares of the company’s stock, valued at $31,214,788.50. This trade represents a 13.83% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 40,725 shares of company stock valued at $10,213,222. Corporate insiders own 19.54% of the company’s stock.

Garmin Price Performance

NYSE GRMN opened at $257.78 on Tuesday. Garmin Ltd. has a 1 year low of $178.74 and a 1 year high of $273.32. The company has a market capitalization of $49.72 billion, a PE ratio of 29.97, a P/E/G ratio of 3.10 and a beta of 0.96. The company has a fifty day moving average of $246.26 and a two-hundred day moving average of $223.01.

Garmin (NYSE:GRMN) last announced its earnings results on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the firm earned $2.41 earnings per share. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. On average, research analysts expect that Garmin Ltd. will post 9.41 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. Stockholders of record on Friday, March 12th will be paid a dividend of $1.05 per share. The ex-dividend date is Friday, March 12th. This represents a $4.20 annualized dividend and a dividend yield of 1.6%. Garmin’s dividend payout ratio is 41.86%.

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.