Garmin Ltd. $GRMN Stock Holdings Decreased by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich decreased its stake in shares of Garmin Ltd. (NYSE:GRMN) by 12.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 52,040 shares of the scientific and technical instruments company’s stock after selling 7,522 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Garmin were worth $10,642,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of GRMN. Daymark Wealth Partners LLC increased its holdings in Garmin by 0.7% in the fourth quarter. Daymark Wealth Partners LLC now owns 6,813 shares of the scientific and technical instruments company’s stock valued at $1,382,000 after buying an additional 48 shares during the last quarter. SYM FINANCIAL Corp lifted its holdings in Garmin by 4.0% during 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. S.A. Mason LLC grew its position in shares of Garmin by 2.4% in the 4th quarter. S.A. Mason LLC now owns 2,150 shares of the scientific and technical instruments company’s stock worth $436,000 after acquiring an additional 50 shares in the last quarter. Richardson Financial Services Inc. grew its position in shares of 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 acquiring an additional 51 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in shares of 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 valued at $1,211,000 after acquiring an additional 51 shares during the last quarter. 81.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Garmin

In other Garmin news, VP Susan Lyman sold 3,805 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were 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 approximately $1,877,611.72. This trade represents a 33.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $877,538.42. Following the sale, the chief financial officer directly owned 28,049 shares in the company, valued at approximately $7,058,811.34. This trade represents a 11.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 40,246 shares of company stock worth $10,110,041 over the last 90 days. Corporate insiders own 15.38% of the company’s stock.

Garmin Price Performance

NYSE:GRMN opened at $234.51 on Friday. The firm has a market capitalization of $45.23 billion, a P/E ratio of 26.14, a P/E/G ratio of 2.73 and a beta of 0.94. The business has a 50 day simple moving average of $245.33 and a 200 day simple moving average of $222.42. Garmin Ltd. has a 12-month low of $186.67 and a 12-month high of $273.32.

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

Garmin Dividend Announcement

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 given a $1.05 dividend. The ex-dividend date is Friday, March 12th. This represents a $4.20 annualized dividend and a yield of 1.8%. Garmin’s dividend payout ratio (DPR) is currently 40.13%.

Analysts Set New Price Targets

GRMN has been the topic of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Garmin in a research report on Thursday, January 22nd. Barclays lowered their target price on shares of Garmin from $240.00 to $238.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. Tigress Financial increased their target price on shares of Garmin from $310.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, February 20th. Zacks Research downgraded shares of Garmin from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Garmin from $265.00 to $285.00 and gave the company a “neutral” rating in a report on Thursday, April 16th. 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. According to data from MarketBeat, Garmin currently has a consensus rating of “Moderate Buy” and a consensus price target of $268.40.

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.