Insider Selling: Garmin (NYSE:GRMN) Director Sells $257,853.96 in Stock

Garmin Ltd. (NYSE:GRMN) Director Sean Biddlecombe sold 1,071 shares of Garmin stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $240.76, for a total value of $257,853.96. Following the sale, the director directly owned 7,884 shares of the company’s stock, valued at approximately $1,898,151.84. The trade was a 11.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Garmin Price Performance

GRMN stock 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 stock has a market capitalization of $47.86 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 2.44 and a beta of 1.00. The business’s fifty day moving average price is $208.76 and its two-hundred day moving average price is $220.50.

Garmin (NYSE:GRMN) last released its quarterly earnings results 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. Garmin had a net margin of 22.96% and a return on equity of 19.64%. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the company posted $2.41 earnings per share. Garmin’s revenue was up 16.6% compared to the same quarter last year. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. Research analysts expect that Garmin Ltd. will post 7.8 EPS for the current year.

Garmin Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, March 12th. Garmin’s payout ratio is 41.86%.

Trending Headlines about Garmin

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Q4 results beat expectations — Garmin reported record Q4 revenue (~$2.12B) and pro forma EPS of $2.79, with strong double‑digit growth in Fitness, Aviation and Marine; management issued above‑consensus FY‑2026 guidance. Garmin’s Q4 Earnings Surpass Estimates
• Positive Sentiment: Capital returns boosted — company proposed a ~17% raise to the quarterly dividend and authorized a new $500M share‑repurchase program, improving shareholder yield and reducing float. Garmin Jumps on Guidance, Then Doubles Down on Buybacks and a Bigger Dividend
• Positive Sentiment: Upgrades and positive coverage — Zacks moved Garmin to a Rank #2 (Buy) and several outlets highlighted the company as a steady-growth name, supporting near‑term demand for the shares. All You Need to Know About Garmin (GRMN) Rating Upgrade to Buy
• Positive Sentiment: Additional analyst support — Morgan Stanley and other outlets published upgrades/comments after the results, and JPMorgan raised its price target (to $265), adding institutional credibility. Morgan Stanley upgrades Garmin (GRMN)
• Neutral Sentiment: Valuation considerations — coverage notes that Garmin now trades at a premium to the market (~mid‑20s P/E) after the move; some analysts still stress valuation even as growth outlook improves. Assessing Garmin (GRMN) Valuation After Earnings
• Negative Sentiment: Insider selling noted — data aggregators show insider sales in recent months, which some investors watch as a cautionary signal even amid strong company results. QuiverQuant analysis & insider activity

Analyst Ratings Changes

GRMN has been the subject of a number of recent analyst reports. Morgan Stanley upped their target price on Garmin from $193.00 to $195.00 and gave the company an “underweight” rating in a research report on Thursday, October 30th. Barclays set a $240.00 price target on Garmin in a research note on Thursday. Tigress Financial increased their price objective on shares of Garmin from $310.00 to $320.00 and gave the stock a “strong-buy” rating in a research note on Friday. Longbow Research raised shares of Garmin from a “neutral” rating to a “buy” rating and set a $250.00 price target for the company in a report on Wednesday, December 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Garmin from $250.00 to $265.00 and gave the company a “neutral” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $254.00.

Hedge Funds Weigh In On Garmin

Institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Garmin in the second quarter valued at approximately $410,304,000. Vanguard Group Inc. boosted its holdings in shares of Garmin by 6.9% during the 2nd quarter. Vanguard Group Inc. now owns 19,698,329 shares of the scientific and technical instruments company’s stock valued at $4,111,435,000 after acquiring an additional 1,273,163 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Garmin by 649.2% during the 3rd quarter. Alliancebernstein L.P. now owns 1,256,668 shares of the scientific and technical instruments company’s stock valued at $309,417,000 after acquiring an additional 1,088,938 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Garmin during the 4th quarter worth $214,382,000. Finally, Amundi increased its holdings in Garmin by 138.0% in the 2nd quarter. Amundi now owns 1,158,702 shares of the scientific and technical instruments company’s stock worth $247,255,000 after purchasing an additional 671,859 shares in the last quarter. 81.60% of the stock is currently owned by institutional investors and hedge funds.

About Garmin

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.