Geneos Wealth Management Inc. Trims Holdings in Garmin Ltd. $GRMN

Geneos Wealth Management Inc. trimmed its position in shares of Garmin Ltd. (NYSE:GRMN) by 88.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 772 shares of the scientific and technical instruments company’s stock after selling 6,077 shares during the period. Geneos Wealth Management Inc.’s holdings in Garmin were worth $157,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in 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. State Street Corp grew its position in Garmin by 1.8% during the 3rd quarter. State Street Corp now owns 7,250,844 shares of the scientific and technical instruments company’s stock valued at $1,785,304,000 after purchasing an additional 126,677 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Garmin by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,494,519 shares of the scientific and technical instruments company’s stock valued at $367,964,000 after purchasing an additional 16,622 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its position in Garmin by 0.4% during the 2nd 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 during the last quarter. Finally, AQR Capital Management LLC grew its position in Garmin by 15.7% during the 3rd quarter. AQR Capital Management LLC now owns 1,348,955 shares of the scientific and technical instruments company’s stock valued at $330,373,000 after purchasing an additional 182,548 shares during the last quarter. 81.60% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Garmin

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Q1 beats and record quarter — Garmin reported $2.08 EPS vs. $1.84 expected and $1.75B revenue (14% YoY), with record first-quarter revenue and operating income, a clear near-term earnings upside driver. Garmin announces first quarter 2026 results
• Positive Sentiment: Fitness/wearables surge — Fitness segment sales jumped ~42%, led by premium wearables, which is the main growth engine cited on the call and in coverage; that strengthens revenue mix and margins. Garmin Earnings Call: Fitness Surge Drives Record Q1
• Positive Sentiment: Dividend increase — Management announced a 17% dividend hike, which supports shareholder returns and can help steadier investor sentiment. Garmin Fitness Sales Soar 42%, But Stock Cools
• Neutral Sentiment: Analyst and media coverage — Transcripts, slide deck and call notes are available for deeper diligence; Morgan Stanley upgraded GRMN to equal-weight and raised its PT, which may limit downside but is not a strong buy signal. Earnings Call Transcript Morgan Stanley Upgrade
• Neutral Sentiment: Broad business strength — Aviation and Marine segments also showed steady demand, diversifying growth beyond wearables, per Reuters and Zacks coverage. Reuters: Garmin posts upbeat quarterly results
• Negative Sentiment: Conservative FY2026 guidance — Garmin set FY EPS at 9.350 (company range) vs. consensus ~9.39 and revenue guidance ~$7.9B vs. ~8.0B expected; the slightly below-consensus outlook triggered profit-taking despite the quarter beat. MarketBeat: Garmin trading summary & guidance
• Negative Sentiment: Initial market reaction volatility — Some coverage noted an early pullback after the release as investors digested the conservative guide and mixed signals between strong unit trends and lowered near-term expectations. Investor’s Business Daily: Garmin Beats Q1 Goals But Sticks With Prior Full-Year Outlook

Insider Activity

In other news, CEO Clifton A. Pemble sold 19,914 shares of the 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 transaction, the chief executive officer owned 124,075 shares in the company, valued at $31,214,788.50. This represents a 13.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Matthew Munn sold 5,275 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $250.97, for a total transaction of $1,323,866.75. Following the completion of the transaction, the executive vice president owned 9,876 shares in the company, valued at $2,478,579.72. This trade represents a 34.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 40,725 shares of company stock worth $10,213,222. 19.54% of the stock is owned by corporate insiders.

Garmin Stock Up 2.3%

Shares of NYSE GRMN opened at $253.48 on Thursday. The firm’s 50-day moving average price is $247.19 and its 200-day moving average price is $223.23. The company has a market cap of $48.89 billion, a PE ratio of 29.47, a PEG ratio of 3.08 and a beta of 0.96. Garmin Ltd. has a 52-week low of $178.74 and a 52-week high of $273.32.

Garmin (NYSE:GRMN) last announced its quarterly earnings results on Wednesday, April 29th. The scientific and technical instruments company reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.24. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. Garmin had a net margin of 22.96% and a return on equity of 19.64%. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.61 EPS. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. As a group, equities research analysts anticipate that Garmin Ltd. will post 9.41 EPS 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 issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, March 12th. Garmin’s dividend payout ratio (DPR) is presently 48.84%.

Analyst Ratings Changes

Several analysts recently commented on GRMN shares. JPMorgan Chase & Co. increased their price objective on shares of Garmin from $265.00 to $285.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. Barclays set a $240.00 price objective on shares of Garmin in a research report on Thursday, February 19th. Morgan Stanley raised shares of Garmin from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $195.00 to $252.00 in a research report on Tuesday. Weiss Ratings reissued a “buy (b)” rating on shares of Garmin in a research report on Thursday, January 22nd. Finally, Zacks Research raised shares of Garmin from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Garmin has an average rating of “Moderate Buy” and an average target price of $269.40.

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.