Insider Selling: Garmin (NYSE:GRMN) VP Sells 3,805 Shares of Stock

Garmin Ltd. (NYSE:GRMN) VP Susan Lyman sold 3,805 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $251.32, for a total transaction of $956,272.60. Following the sale, the vice president owned 7,471 shares of the company’s stock, valued at approximately $1,877,611.72. The trade was a 33.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Garmin Stock Performance

Shares of Garmin stock traded down $1.74 during trading hours on Friday, reaching $252.42. The company’s stock had a trading volume of 1,704,930 shares, compared to its average volume of 1,076,090. Garmin Ltd. has a one year low of $169.26 and a one year high of $261.69. The company’s 50 day simple moving average is $213.48 and its 200 day simple moving average is $221.37. The stock has a market cap of $48.59 billion, a P/E ratio of 29.35, a price-to-earnings-growth ratio of 3.02 and a beta of 1.00.

Garmin (NYSE:GRMN) last issued its earnings results on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.39 by $0.40. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Garmin had a net margin of 22.96% and a return on equity of 19.64%. Garmin’s revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the company posted $2.41 earnings per share. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. On average, sell-side analysts predict that Garmin Ltd. will post 7.8 earnings per share for the current fiscal year.

Garmin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 26th. Shareholders of record on Friday, March 12th will be given 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 (DPR) is currently 41.86%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Garmin in a report on Thursday, January 22nd. Morgan Stanley boosted their price objective 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 research report on Thursday, February 19th. Longbow Research raised Garmin from a “neutral” rating to a “buy” rating and set a $250.00 target price on the stock in a research note on Wednesday, December 3rd. Finally, Tigress Financial boosted their price target on Garmin from $310.00 to $320.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $254.00.

Institutional Investors Weigh In On Garmin

Institutional investors and hedge funds have recently modified their holdings of the stock. Quaker Wealth Management LLC raised its holdings in Garmin by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 132 shares of the scientific and technical instruments company’s stock worth $28,000 after buying an additional 264 shares during the period. Richardson Financial Services Inc. raised its holdings in shares of Garmin by 62.2% during the third quarter. Richardson Financial Services Inc. now owns 133 shares of the scientific and technical instruments company’s stock valued at $33,000 after acquiring an additional 51 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in shares of Garmin in the 4th quarter valued at approximately $34,000. Cornerstone Planning Group LLC boosted its stake in 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 purchasing an additional 142 shares during the period. Finally, GraniteShares Advisors LLC purchased a new position in Garmin during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 81.60% of the company’s stock.

Garmin Company 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.