GHP Investment Advisors Inc. Has $12 Million Stock Position in Garmin Ltd. $GRMN

GHP Investment Advisors Inc. lowered its position in shares of Garmin Ltd. (NYSE:GRMN) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,149 shares of the scientific and technical instruments company’s stock after selling 2,103 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Garmin were worth $11,998,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Mather Group LLC. increased its position in shares of Garmin by 1.2% during the 3rd quarter. Mather Group LLC. now owns 3,749 shares of the scientific and technical instruments company’s stock worth $923,000 after purchasing an additional 44 shares in the last quarter. BSW Wealth Partners increased its position in shares of Garmin by 2.9% during the 3rd quarter. BSW Wealth Partners now owns 1,724 shares of the scientific and technical instruments company’s stock worth $425,000 after purchasing an additional 48 shares in the last quarter. Daymark Wealth Partners LLC increased its position in shares of Garmin by 0.7% during the 4th quarter. Daymark Wealth Partners LLC now owns 6,813 shares of the scientific and technical instruments company’s stock worth $1,382,000 after purchasing an additional 48 shares in the last quarter. SYM FINANCIAL Corp increased its position in shares of Garmin by 4.0% during the 3rd quarter. SYM FINANCIAL Corp now owns 1,294 shares of the scientific and technical instruments company’s stock worth $319,000 after purchasing an additional 50 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC grew its holdings in Garmin by 0.6% during the 3rd 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 during the last quarter. Institutional investors and hedge funds own 81.60% of the company’s stock.

Insider Activity at Garmin

In other news, CFO Douglas G. Boessen sold 3,487 shares of Garmin stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $251.66, for a total transaction of $877,538.42. Following the completion of the sale, the chief financial officer owned 28,049 shares in the company, valued at $7,058,811.34. The trade was a 11.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Susan Lyman sold 3,805 shares of Garmin 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 sale, the vice president owned 7,471 shares of the company’s stock, 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. Insiders have sold 40,725 shares of company stock worth $10,213,222 over the last 90 days. Insiders own 15.38% of the company’s stock.

Garmin Price Performance

Shares of NYSE:GRMN opened at $267.33 on Friday. Garmin Ltd. has a one year low of $178.74 and a one year high of $273.32. The company has a 50 day moving average of $239.79 and a 200-day moving average of $223.17. The stock has a market cap of $51.46 billion, a price-to-earnings ratio of 31.09, a P/E/G ratio of 3.17 and a beta of 0.96.

Garmin (NYSE:GRMN) last issued its quarterly earnings results on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 EPS for the quarter, topping 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 company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the company earned $2.41 EPS. Garmin’s revenue was up 16.6% on a year-over-year basis. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. Equities research analysts anticipate that Garmin Ltd. will post 7.8 earnings per share for the current year.

Garmin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 26th. Stockholders of record on Friday, March 12th will be given a dividend of $1.05 per share. The ex-dividend date is Friday, March 12th. This represents a $4.20 annualized dividend and a dividend yield of 1.6%. Garmin’s payout ratio is currently 41.86%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. 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 report on Friday, February 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Garmin in a report on Thursday, January 22nd. JPMorgan Chase & Co. increased their price objective on shares of Garmin from $265.00 to $285.00 and gave the stock a “neutral” rating in a report on Thursday. Zacks Research raised shares of Garmin from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Finally, Barclays set a $240.00 price objective on shares of 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 assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Garmin presently has a consensus rating of “Moderate Buy” and an average target price of $258.00.

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.