BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires 24,348 Shares of Garmin Ltd. $GRMN

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Garmin Ltd. (NYSE:GRMN) by 19.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 149,247 shares of the scientific and technical instruments company’s stock after acquiring an additional 24,348 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.08% of Garmin worth $36,598,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Garmin by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 20,197,564 shares of the scientific and technical instruments company’s stock valued at $4,973,044,000 after purchasing an additional 499,235 shares during the last quarter. Artisan Partners Limited Partnership grew its position in Garmin by 6.4% during the second quarter. Artisan Partners Limited Partnership now owns 5,892,150 shares of the scientific and technical instruments company’s stock valued at $1,229,810,000 after buying an additional 356,161 shares during the period. Geode Capital Management LLC increased its holdings in Garmin by 1.3% during the second quarter. Geode Capital Management LLC now owns 4,606,511 shares of the scientific and technical instruments company’s stock worth $958,405,000 after buying an additional 59,321 shares during the last quarter. Norges Bank purchased a new stake in Garmin during the second quarter worth about $410,304,000. Finally, Disciplined Growth Investors Inc. MN raised its position in Garmin by 0.4% in the second quarter. Disciplined Growth Investors Inc. MN now owns 1,419,365 shares of the scientific and technical instruments company’s stock worth $296,250,000 after acquiring an additional 5,213 shares during the period. Hedge funds and other institutional investors own 81.60% of the company’s stock.

Key Stories Impacting Garmin

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Q4 results topped estimates — pro forma EPS $2.79 vs. ~$2.39 expected and revenue $2.12B (up ~16.6% YoY); strength was led by Fitness (+42%), Aviation and Marine, signaling broad-based demand. Read More.
• Positive Sentiment: FY2026 guidance materially above consensus — Garmin guided to ~$7.9B revenue and $9.35 pro forma EPS (vs. consensus ~ $7.4B / $8.51), which underpins near-term multiple expansion and justified the rally. Read More.
• Positive Sentiment: Shareholder-return boost — company proposed a 17% dividend increase and a new $500M buyback program, improving cash-return optics and reducing float pressure over time. Read More.
• Positive Sentiment: Multiple sell- and buy-side notes upgraded price targets or raised models after the beat — including a recent JPMorgan-linked target lift to $265 (still “neutral”), which supports upside from here. Read More.
• Neutral Sentiment: Analyst consensus mixed — overall broker consensus is constructive (Moderate Buy on some aggregators) but several firms still carry cautious/underweight views, so continued multiple expansion depends on execution. Read More.
• Negative Sentiment: Minor insider selling disclosed (CFO sold a small stake) and some late-2025 underweights remain — these are modest negatives but worth monitoring for any change in insider trend or downgrades. Read More.

Garmin Stock Up 0.9%

Shares of GRMN opened at $239.70 on Friday. Garmin Ltd. has a twelve month low of $169.26 and a twelve month high of $261.69. The stock has a market cap of $46.10 billion, a PE ratio of 27.87, a P/E/G ratio of 2.35 and a beta of 1.00. The business’s 50-day moving average price is $207.95 and its 200-day moving average price is $220.46.

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 analysts’ consensus estimates of $2.39 by $0.40. The company had revenue of $2.12 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the business earned $2.41 earnings per share. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. Analysts expect that Garmin Ltd. will post 7.8 earnings per share for the current fiscal year.

Garmin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 26th. Stockholders 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 dividend yield of 1.8%. Garmin’s dividend payout ratio is presently 44.33%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Longbow Research raised shares of 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. Morgan Stanley increased their price objective on Garmin from $193.00 to $195.00 and gave the company an “underweight” rating in a report on Thursday, October 30th. Barclays set a $240.00 target price on Garmin in a research report on Thursday. JPMorgan Chase & Co. upped their price target on Garmin from $250.00 to $265.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Tigress Financial reissued a “strong-buy” rating on shares of Garmin in a report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Garmin has an average rating of “Moderate Buy” and an average price target of $252.00.

Insider Activity at Garmin

In other Garmin news, CFO Douglas G. Boessen sold 479 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $215.41, for a total value of $103,181.39. Following the transaction, the chief financial officer directly owned 28,488 shares in the company, valued at $6,136,600.08. This represents a 1.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Clifton A. Pemble sold 10,431 shares of Garmin stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $206.23, for a total value of $2,151,185.13. Following the sale, the chief executive officer owned 135,180 shares of the company’s stock, valued at approximately $27,878,171.40. This trade represents a 7.16% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 17,073 shares of company stock valued at $3,540,774. Company insiders own 15.38% of the company’s stock.

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.