180 Wealth Advisors LLC Sells 3,099 Shares of Garmin Ltd. $GRMN

180 Wealth Advisors LLC decreased its holdings in Garmin Ltd. (NYSE:GRMN) by 74.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,072 shares of the scientific and technical instruments company’s stock after selling 3,099 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Garmin were worth $218,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mather Group LLC. raised its holdings in shares of Garmin by 1.2% in the 3rd quarter. Mather Group LLC. now owns 3,749 shares of the scientific and technical instruments company’s stock worth $923,000 after buying an additional 44 shares in the last quarter. Smith Moore & CO. boosted its stake in Garmin by 4.3% in the 2nd quarter. Smith Moore & CO. now owns 1,151 shares of the scientific and technical instruments company’s stock valued at $240,000 after buying an additional 47 shares in the last quarter. BSW Wealth Partners grew its position in Garmin by 2.9% in 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 period. SYM FINANCIAL Corp grew its position in Garmin by 4.0% in 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 period. Finally, Alpine Woods Capital Investors LLC raised its stake in 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 worth $2,293,000 after acquiring an additional 51 shares in the last quarter. 81.60% of the stock is owned by institutional investors.

Garmin Stock Performance

Shares of GRMN stock opened at $244.76 on Thursday. Garmin Ltd. has a 52 week low of $169.26 and a 52 week high of $261.69. The stock has a market capitalization of $47.11 billion, a PE ratio of 28.46, a PEG ratio of 2.89 and a beta of 0.94. The stock’s fifty day moving average is $225.37 and its 200-day moving average is $221.88.

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

Garmin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 26th. Stockholders of record on Friday, March 12th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, March 12th. Garmin’s dividend payout ratio is 41.86%.

Insider Buying and Selling at Garmin

In related news, CEO Clifton A. Pemble sold 19,914 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $251.58, for a total value of $5,009,964.12. Following the completion of the sale, the chief executive officer owned 124,075 shares of the company’s stock, valued at $31,214,788.50. This trade represents a 13.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Susan Lyman sold 3,805 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $251.32, for a total transaction of $956,272.60. Following the completion of the transaction, the vice president owned 7,471 shares of the company’s stock, valued at $1,877,611.72. This trade represents a 33.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 44,403 shares of company stock valued at $10,987,074 over the last three months. Insiders own 15.38% of the company’s stock.

Analysts Set New Price Targets

GRMN has been the subject of a number of analyst reports. Barclays set a $240.00 price objective on Garmin in a report on Thursday, February 19th. Tigress Financial increased their target price on shares of Garmin from $310.00 to $320.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. lifted their price target on shares of Garmin from $250.00 to $265.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Longbow Research upgraded shares of Garmin from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a research report on Wednesday, December 3rd. Finally, Zacks Research raised shares of Garmin from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Two research 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $254.00.

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.