Diversified Trust Co. Has $1.67 Million Holdings in Garmin Ltd. $GRMN

Diversified Trust Co. grew its holdings in shares of Garmin Ltd. (NYSE:GRMN) by 123.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,248 shares of the scientific and technical instruments company’s stock after buying an additional 4,551 shares during the period. Diversified Trust Co.’s holdings in Garmin were worth $1,673,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Garmin by 2.5% in 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 acquiring an additional 499,235 shares in the last quarter. State Street Corp boosted its stake in Garmin by 1.8% during the third quarter. State Street Corp now owns 7,250,844 shares of the scientific and technical instruments company’s stock worth $1,785,304,000 after acquiring an additional 126,677 shares in the last quarter. Norges Bank acquired a new stake in Garmin in the second quarter worth $410,304,000. Dimensional Fund Advisors LP grew its holdings in Garmin by 1.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,494,519 shares of the scientific and technical instruments company’s stock worth $367,964,000 after purchasing an additional 16,622 shares during the period. Finally, Disciplined Growth Investors Inc. MN increased its stake 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 valued at $296,250,000 after purchasing an additional 5,213 shares in the last quarter. Institutional investors and hedge funds own 81.60% of the company’s stock.

Garmin Trading Up 1.5%

GRMN opened at $244.76 on Thursday. Garmin Ltd. has a 1-year low of $169.26 and a 1-year high of $261.69. The company has a market cap of $47.11 billion, a price-to-earnings ratio of 28.46, a PEG ratio of 2.89 and a beta of 0.94. The company’s fifty day moving average price is $225.37 and its two-hundred day moving average price is $221.88.

Garmin (NYSE:GRMN) last issued its quarterly earnings data 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. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Garmin had a net margin of 22.96% and a return on equity of 19.64%. The business’s revenue was up 16.6% on a year-over-year basis. During the same period last year, the company earned $2.41 earnings per share. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. As a group, equities 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. Shareholders of record on Friday, March 12th will be paid a dividend of $1.05 per share. The ex-dividend date is Friday, March 12th. This represents a $4.20 dividend on an annualized basis and a yield of 1.7%. Garmin’s payout ratio is 41.86%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GRMN. Tigress Financial upped their price objective on shares of Garmin from $310.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, February 20th. Zacks Research upgraded Garmin from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Longbow Research upgraded Garmin from a “neutral” rating to a “buy” rating and set a $250.00 target price for the company in a research note on Wednesday, December 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Garmin in a research note on Thursday, January 22nd. Finally, Barclays set a $240.00 price target on Garmin in a report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Garmin presently has a consensus rating of “Moderate Buy” and an average target price of $254.00.

Insider Activity

In related news, CFO Douglas G. Boessen sold 3,487 shares of Garmin stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $251.66, for a total transaction of $877,538.42. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Patrick Desbois sold 6,694 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $251.65, for a total value of $1,684,545.10. Following the sale, the chief operating officer owned 58,540 shares of the company’s stock, valued at $14,731,591. This trade represents a 10.26% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 44,403 shares of company stock worth $10,987,074. Company 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.