Fiera Capital Corp Boosts Stake in Garmin Ltd. $GRMN

Fiera Capital Corp raised its position in Garmin Ltd. (NYSE:GRMN) by 18.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,377 shares of the scientific and technical instruments company’s stock after purchasing an additional 3,654 shares during the quarter. Fiera Capital Corp’s holdings in Garmin were worth $5,756,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Synergy Investment Management LLC purchased a new position in Garmin in the third quarter valued at approximately $216,000. Syon Capital LLC increased its position in shares of Garmin by 34.4% in the third quarter. Syon Capital LLC now owns 4,867 shares of the scientific and technical instruments company’s stock worth $1,198,000 after acquiring an additional 1,246 shares in the last quarter. Drucker Wealth 3.0 LLC raised its stake in shares of Garmin by 102.9% in the 3rd quarter. Drucker Wealth 3.0 LLC now owns 9,036 shares of the scientific and technical instruments company’s stock valued at $2,225,000 after acquiring an additional 4,583 shares during the period. Crestwood Advisors Group LLC purchased a new position in shares of Garmin in the 3rd quarter valued at $214,000. Finally, NEOS Investment Management LLC lifted its holdings in shares of Garmin by 82.2% during the 3rd quarter. NEOS Investment Management LLC now owns 16,613 shares of the scientific and technical instruments company’s stock valued at $4,090,000 after acquiring an additional 7,497 shares in the last quarter. 81.60% of the stock is owned by institutional investors and hedge funds.

Garmin Stock Performance

Shares of GRMN opened at $248.65 on Friday. Garmin Ltd. has a one year low of $169.26 and a one year high of $261.69. The stock has a 50-day moving average price of $208.76 and a 200 day moving average price of $220.57. The company has a market capitalization of $47.86 billion, a P/E ratio of 28.91, a P/E/G ratio of 2.43 and a beta of 1.00.

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

Garmin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 26th. Investors of record on Friday, March 12th will be issued a $1.05 dividend. 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 dividend payout ratio is currently 41.86%.

Garmin News Summary

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Q4 results beat expectations — Garmin reported record Q4 revenue (~$2.12B) and pro forma EPS of $2.79, with strong double‑digit growth in Fitness, Aviation and Marine; management issued above‑consensus FY‑2026 guidance. Garmin’s Q4 Earnings Surpass Estimates
• Positive Sentiment: Capital returns boosted — company proposed a ~17% raise to the quarterly dividend and authorized a new $500M share‑repurchase program, improving shareholder yield and reducing float. Garmin Jumps on Guidance, Then Doubles Down on Buybacks and a Bigger Dividend
• Positive Sentiment: Upgrades and positive coverage — Zacks moved Garmin to a Rank #2 (Buy) and several outlets highlighted the company as a steady-growth name, supporting near‑term demand for the shares. All You Need to Know About Garmin (GRMN) Rating Upgrade to Buy
• Positive Sentiment: Additional analyst support — Morgan Stanley and other outlets published upgrades/comments after the results, and JPMorgan raised its price target (to $265), adding institutional credibility. Morgan Stanley upgrades Garmin (GRMN)
• Neutral Sentiment: Valuation considerations — coverage notes that Garmin now trades at a premium to the market (~mid‑20s P/E) after the move; some analysts still stress valuation even as growth outlook improves. Assessing Garmin (GRMN) Valuation After Earnings
• Negative Sentiment: Insider selling noted — data aggregators show insider sales in recent months, which some investors watch as a cautionary signal even amid strong company results. QuiverQuant analysis & insider activity

Insider Activity at Garmin

In other news, Director Sean Biddlecombe sold 1,071 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $240.76, for a total value of $257,853.96. Following the sale, the director owned 7,884 shares in the company, valued at approximately $1,898,151.84. This represents a 11.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Clifton A. Pemble sold 10,431 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $206.23, for a total transaction of $2,151,185.13. Following the transaction, the chief executive officer directly owned 135,180 shares in the company, valued at $27,878,171.40. The trade was a 7.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 18,144 shares of company stock valued at $3,798,628. 15.38% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GRMN. Weiss Ratings reiterated a “buy (b)” rating on shares of Garmin in a report on Thursday, January 22nd. Morgan Stanley upped their target price on Garmin from $193.00 to $195.00 and gave the stock an “underweight” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. raised their target price on Garmin from $250.00 to $265.00 and gave the company a “neutral” rating in a report on Thursday. Longbow Research raised 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 report on Thursday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $254.00.

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.