Garmin Ltd. $GRMN is Moran Wealth Management LLC’s 9th Largest Position

Moran Wealth Management LLC reduced its stake in Garmin Ltd. (NYSE:GRMN) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 181,784 shares of the scientific and technical instruments company’s stock after selling 10,329 shares during the period. Garmin makes up 1.1% of Moran Wealth Management LLC’s portfolio, making the stock its 9th biggest position. Moran Wealth Management LLC’s holdings in Garmin were worth $36,875,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of GRMN. Richardson Financial Services Inc. grew its position in Garmin by 62.2% during the 3rd quarter. Richardson Financial Services Inc. now owns 133 shares of the scientific and technical instruments company’s stock valued at $33,000 after purchasing an additional 51 shares during the last quarter. Cornerstone Planning Group LLC lifted 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 worth $39,000 after buying an additional 142 shares in the last quarter. Tradewinds Capital Management LLC purchased a new stake in shares of Garmin during the third quarter valued at approximately $44,000. GraniteShares Advisors LLC bought a new stake in shares of Garmin during the fourth quarter valued at approximately $41,000. Finally, SJS Investment Consulting Inc. lifted its position in Garmin by 1,530.8% in the 3rd quarter. SJS Investment Consulting Inc. now owns 212 shares of the scientific and technical instruments company’s stock valued at $52,000 after acquiring an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 81.60% of the company’s stock.

Garmin Trading Up 1.1%

Shares of GRMN stock opened at $267.33 on Friday. Garmin Ltd. has a 12 month low of $178.74 and a 12 month high of $273.32. The company has a 50 day simple moving average of $239.79 and a two-hundred day simple moving average of $223.17. The stock has a market cap of $51.46 billion, a P/E ratio of 31.09, a P/E/G ratio of 3.17 and a beta of 0.96.

Garmin (NYSE:GRMN) last released its earnings results on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.40. Garmin had a return on equity of 19.64% and a net margin of 22.96%.The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the business earned $2.41 earnings per share. Garmin’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. As a group, equities analysts forecast that Garmin Ltd. will post 7.8 earnings per share for the current year.

Garmin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 26th. Investors 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 dividend on an annualized basis and a dividend yield of 1.6%. Garmin’s payout ratio is 41.86%.

Insider Activity at Garmin

In other Garmin news, CFO Douglas G. Boessen sold 3,487 shares of Garmin stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $251.66, for a total transaction of $877,538.42. Following the transaction, the chief financial officer owned 28,049 shares of the company’s stock, valued at $7,058,811.34. The trade was a 11.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Matthew Munn sold 5,275 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $250.97, for a total transaction of $1,323,866.75. Following the completion of the transaction, the executive vice president owned 9,876 shares of the company’s stock, valued at approximately $2,478,579.72. The trade was a 34.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 40,725 shares of company stock worth $10,213,222 in the last quarter. 15.38% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on GRMN shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Garmin in a research note on Thursday, January 22nd. Barclays set a $240.00 price target on Garmin in a report on Thursday, February 19th. JPMorgan Chase & Co. lifted their price objective on Garmin from $265.00 to $285.00 and gave the stock a “neutral” rating in a report on Thursday. Tigress Financial boosted their target price on Garmin from $310.00 to $320.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 20th. Finally, Zacks Research upgraded shares of Garmin from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $258.00.

Garmin 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.