Strategic Family Wealth Counselors L.L.C. Buys Shares of 2,586 Garmin Ltd. $GRMN

Strategic Family Wealth Counselors L.L.C. bought a new stake in shares of Garmin Ltd. (NYSE:GRMN) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,586 shares of the scientific and technical instruments company’s stock, valued at approximately $519,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GRMN. Vanguard Group Inc. boosted its position in shares of Garmin by 2.5% in the third quarter. Vanguard Group Inc. now owns 20,197,564 shares of the scientific and technical instruments company’s stock worth $4,973,044,000 after purchasing an additional 499,235 shares during the period. State Street Corp boosted its position in shares of 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 during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Garmin by 1.1% during 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 acquiring an additional 16,622 shares during the last quarter. Disciplined Growth Investors Inc. MN boosted its position in shares of Garmin by 0.4% during the second quarter. Disciplined Growth Investors Inc. MN now owns 1,419,365 shares of the scientific and technical instruments company’s stock worth $296,250,000 after acquiring an additional 5,213 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Garmin by 15.7% during the third quarter. AQR Capital Management LLC now owns 1,348,955 shares of the scientific and technical instruments company’s stock worth $330,373,000 after acquiring an additional 182,548 shares during the last quarter. 81.60% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Matthew Munn sold 5,275 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $250.97, for a total value of $1,323,866.75. Following the sale, the executive vice president owned 9,876 shares of the company’s stock, valued at approximately $2,478,579.72. This represents a 34.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Susan Lyman sold 3,805 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $251.32, for a total transaction of $956,272.60. Following the completion of the sale, the vice president directly owned 7,471 shares in the company, valued at approximately $1,877,611.72. This represents a 33.74% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 40,725 shares of company stock valued at $10,213,222. 15.38% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on GRMN. Zacks Research lowered shares of Garmin from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Morgan Stanley set a $249.00 target price on shares of Garmin in a research report on Thursday, April 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Garmin in a research note on Thursday, January 22nd. Barclays decreased their price target on shares of Garmin from $240.00 to $238.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of Garmin from $265.00 to $285.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $268.40.

Garmin Stock Down 2.0%

Garmin stock opened at $232.29 on Thursday. The company has a market cap of $44.80 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 2.79 and a beta of 0.94. The firm’s fifty day moving average is $245.66 and its 200 day moving average is $222.53. Garmin Ltd. has a 52-week low of $186.67 and a 52-week high of $273.32.

Garmin (NYSE:GRMN) last released 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 company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. Garmin had a net margin of 23.26% and a return on equity of 20.07%. Garmin’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.61 earnings per share. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. On average, equities research analysts anticipate that Garmin Ltd. will post 9.57 earnings per share for the current fiscal year.

Garmin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 26th. Stockholders of record on Friday, March 12th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Friday, March 12th. This represents a $4.20 annualized dividend and a dividend yield of 1.8%. Garmin’s dividend payout ratio is currently 46.82%.

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.