Garmin Ltd. $GRMN Shares Sold by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC decreased its position in Garmin Ltd. (NYSE:GRMN) by 60.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,650 shares of the scientific and technical instruments company’s stock after selling 3,985 shares during the period. Aaron Wealth Advisors LLC’s holdings in Garmin were worth $538,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Mather Group LLC. boosted its stake in shares of Garmin by 1.2% during the third quarter. Mather Group LLC. now owns 3,749 shares of the scientific and technical instruments company’s stock valued at $923,000 after acquiring an additional 44 shares during the last quarter. BSW Wealth Partners boosted its stake in shares of Garmin by 2.9% during the third quarter. BSW Wealth Partners now owns 1,724 shares of the scientific and technical instruments company’s stock valued at $425,000 after acquiring an additional 48 shares during the last quarter. Daymark Wealth Partners LLC boosted its stake 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 boosted its stake in shares of Garmin by 4.0% during the third quarter. SYM FINANCIAL Corp now owns 1,294 shares of the scientific and technical instruments company’s stock valued at $319,000 after acquiring an additional 50 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC boosted its stake in shares of Garmin by 0.6% during the third quarter. Alpine Woods Capital Investors LLC now owns 9,314 shares of the scientific and technical instruments company’s stock valued at $2,293,000 after acquiring an additional 51 shares during the last quarter. Institutional investors and hedge funds own 81.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on GRMN shares. Barclays set a $240.00 price objective on Garmin in a research note on Thursday, February 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Garmin in a research note on Thursday, January 22nd. Tigress Financial increased their price objective on Garmin from $310.00 to $320.00 and gave the company a “strong-buy” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. increased their target price on Garmin from $250.00 to $265.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Finally, Zacks Research upgraded Garmin from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Garmin has a consensus rating of “Moderate Buy” and an average target price of $254.00.

Garmin Trading Up 1.7%

NYSE GRMN opened at $257.07 on Friday. The business’s 50-day moving average price is $232.49 and its 200 day moving average price is $222.14. Garmin Ltd. has a twelve month low of $178.74 and a twelve month high of $261.69. The company has a market capitalization of $49.48 billion, a PE ratio of 29.89, a price-to-earnings-growth ratio of 3.03 and a beta of 0.96.

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, topping analysts’ consensus estimates 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%.The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period last year, the business posted $2.41 EPS. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. Equities analysts predict that Garmin Ltd. will post 7.8 EPS for the current year.

Garmin Announces Dividend

The company also recently disclosed 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. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, March 12th. Garmin’s dividend payout ratio (DPR) is 41.86%.

Insider Buying and Selling

In other news, VP Susan Lyman sold 3,805 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $251.32, for a total value of $956,272.60. Following the transaction, the vice president directly owned 7,471 shares in the company, valued at $1,877,611.72. This trade represents a 33.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Douglas G. Boessen sold 3,487 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $251.66, for a total value of $877,538.42. Following the completion of the transaction, the chief financial officer owned 28,049 shares in the company, valued at approximately $7,058,811.34. This trade represents a 11.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 40,725 shares of company stock worth $10,213,222. Corporate insiders own 15.38% 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.