Trajan Wealth LLC Cuts Stock Holdings in Garmin Ltd. $GRMN

Trajan Wealth LLC decreased its position in Garmin Ltd. (NYSE:GRMN) by 5.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 85,438 shares of the scientific and technical instruments company’s stock after selling 5,120 shares during the quarter. Trajan Wealth LLC’s holdings in Garmin were worth $21,037,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Quaker Wealth Management LLC boosted its holdings in Garmin by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 132 shares of the scientific and technical instruments company’s stock worth $28,000 after purchasing an additional 264 shares during the last quarter. Richardson Financial Services Inc. lifted its position in shares of 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 worth $33,000 after buying an additional 51 shares in the last quarter. Cornerstone Planning Group LLC boosted its stake in shares of 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 last quarter. Tradewinds Capital Management LLC purchased a new position in shares of Garmin in the 3rd quarter worth approximately $44,000. Finally, Newbridge Financial Services Group Inc. grew its holdings in shares of Garmin by 96.9% in the second quarter. Newbridge Financial Services Group Inc. now owns 250 shares of the scientific and technical instruments company’s stock valued at $52,000 after acquiring an additional 123 shares in the last quarter. 81.60% of the stock is owned by institutional investors.

Insider Buying and Selling at Garmin

In other Garmin news, COO Patrick Desbois sold 3,678 shares of the stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $210.40, for a total transaction of $773,851.20. Following the sale, the chief operating officer owned 61,798 shares in the company, valued at $13,002,299.20. This represents a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Douglas G. Boessen sold 479 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $215.41, for a total value of $103,181.39. Following the completion of the transaction, the chief financial officer directly owned 28,488 shares of the company’s stock, valued at $6,136,600.08. The trade was a 1.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 18,144 shares of company stock worth $3,798,628. 19.54% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Garmin in a report on Thursday, January 22nd. Longbow Research raised Garmin from a “neutral” rating to a “buy” rating and set a $250.00 target price for the company in a research report on Wednesday, December 3rd. Tigress Financial lifted their target price on Garmin from $310.00 to $320.00 and gave the stock a “strong-buy” rating in a research note on Friday. JPMorgan Chase & Co. boosted their price target on shares of Garmin from $250.00 to $265.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Barclays set a $240.00 price objective on shares of Garmin in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $254.00.

Garmin Stock Performance

Shares of GRMN opened at $248.65 on Monday. Garmin Ltd. has a fifty-two week low of $169.26 and a fifty-two week high of $261.69. The business has a 50-day moving average of $208.76 and a 200 day moving average of $220.50. The firm has a market cap of $47.86 billion, a P/E ratio of 28.91, a price-to-earnings-growth ratio of 2.44 and a beta of 1.00.

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

Garmin Announces Dividend

The firm 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 $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, March 12th. Garmin’s payout ratio is currently 41.86%.

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.