Plato Investment Management Ltd Purchases 3,913 Shares of Garmin Ltd. $GRMN

Plato Investment Management Ltd lifted its holdings in shares of Garmin Ltd. (NYSE:GRMN) by 1,102.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,268 shares of the scientific and technical instruments company’s stock after acquiring an additional 3,913 shares during the quarter. Plato Investment Management Ltd’s holdings in Garmin were worth $870,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Daymark Wealth Partners LLC increased its position in shares of Garmin by 0.7% during 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 acquiring an additional 48 shares during the last quarter. SYM FINANCIAL Corp raised its stake in shares of 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 purchasing an additional 50 shares during the period. S.A. Mason LLC raised its stake in shares of Garmin by 2.4% during 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 purchasing an additional 50 shares during the period. Richardson Financial Services Inc. raised its stake 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 purchasing an additional 51 shares during the period. Finally, Quadrant Capital Group LLC raised its stake in shares of Garmin by 1.0% during the 3rd quarter. Quadrant Capital Group LLC now owns 4,917 shares of the scientific and technical instruments company’s stock worth $1,211,000 after purchasing an additional 51 shares during the period. 81.60% of the stock is owned by hedge funds and other institutional investors.

Garmin Stock Performance

Shares of GRMN opened at $240.11 on Monday. The business has a 50-day moving average of $246.88 and a 200 day moving average of $222.86. Garmin Ltd. has a fifty-two week low of $186.67 and a fifty-two week high of $273.32. The firm has a market cap of $46.31 billion, a P/E ratio of 26.77, a price-to-earnings-growth ratio of 2.83 and a beta of 0.94.

Garmin (NYSE:GRMN) last announced its quarterly earnings data 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. Garmin had a return on equity of 20.07% and a net margin of 23.26%.The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter last year, the firm posted $1.61 EPS. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. As a group, research analysts predict that Garmin Ltd. will post 9.57 earnings per share for the current fiscal year.

Garmin Dividend Announcement

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 issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, March 12th. Garmin’s payout ratio is presently 46.82%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GRMN. Zacks Research cut Garmin from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. 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, February 20th. Morgan Stanley set a $249.00 target price on Garmin in a research note on Thursday, April 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Garmin in a report on Thursday, January 22nd. Finally, 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, April 16th. One 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $268.40.

Insider Buying and Selling at Garmin

In other Garmin news, CFO Douglas G. Boessen sold 3,487 shares of Garmin stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $251.66, for a total transaction of $877,538.42. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Patrick Desbois sold 6,694 shares of Garmin stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $251.65, for a total value of $1,684,545.10. Following the transaction, the chief operating officer directly owned 58,540 shares of the company’s stock, valued at $14,731,591. The trade was a 10.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 40,725 shares of company stock worth $10,213,222. 15.38% of the stock is owned by corporate insiders.

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.