18,410 Garmin Ltd. $GRMN Shares Sold by Sumitomo Mitsui Trust Group Inc.

Posted by Brenda Bartman on Nov 3rd, 2026

Sumitomo Mitsui Trust Group Inc. cut its position in Garmin Ltd. (NYSE:GRMN – Free Report) by 4.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 392,741 shares of the scientific and technical instruments company’s stock after selling 18,410 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.20% of Garmin worth $112,654,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in GRMN. Elevation Wealth Partners LLC lifted its position in shares of Garmin by 336.4% during the 3rd quarter. Elevation Wealth Partners LLC now owns 96 shares of the scientific and technical instruments company’s stock valued at $28,000 after buying an additional 74 shares during the last quarter. Latitude Advisors LLC purchased a new stake in Garmin in the 3rd quarter worth about $32,000. CoreCap Advisors LLC increased its holdings in Garmin by 216.2% in the 3rd quarter. CoreCap Advisors LLC now owns 117 shares of the scientific and technical instruments company’s stock worth $34,000 after acquiring an additional 80 shares during the last quarter. Groupe la Francaise increased its holdings in Garmin by 346.4% in the 1st quarter. Groupe la Francaise now owns 125 shares of the scientific and technical instruments company’s stock worth $29,000 after acquiring an additional 97 shares during the last quarter. Finally, Ninety One UK Ltd bought a new stake in Garmin in the 3rd quarter valued at about $41,000. 81.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Tigress Financial reaffirmed a “strong-buy” rating on shares of Garmin in a report on Thursday, August 6th. Bank of America reiterated an “underperform” rating on shares of Garmin in a research report on Monday. JPMorgan Chase & Co. lifted their target price on shares of Garmin from $295.00 to $310.00 and gave the stock a “neutral” rating in a research note on Thursday, October 29th. Weiss Ratings raised shares of Garmin from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, October 28th. Finally, Morgan Stanley upped their price target on shares of Garmin from $289.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Garmin currently has an average rating of “Hold” and a consensus target price of $315.29.

Read Our Latest Stock Report on Garmin

Insider Activity at Garmin

In other Garmin news, insider Cheng-Wei Wang sold 9,941 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $299.36, for a total value of $2,975,937.76. Following the sale, the insider directly owned 29,506 shares in the company, valued at $8,832,916.16. This represents a 25.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 14.80% of the company’s stock.

Garmin Stock Performance

Shares of GRMN opened at $274.69 on Tuesday. Garmin Ltd. has a 52-week low of $186.67 and a 52-week high of $314.28. The stock’s 50-day simple moving average is $282.20 and its 200 day simple moving average is $253.92. The stock has a market capitalization of $52.97 billion, a price-to-earnings ratio of 26.10, a price-to-earnings-growth ratio of 2.84 and a beta of 0.82.

Garmin (NYSE:GRMN – Get Free Report) last posted its earnings results on Wednesday, October 28th. The scientific and technical instruments company reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.38 by $0.38. Garmin had a return on equity of 21.94% and a net margin of 25.58%. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the previous year, the firm earned $1.99 EPS. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, research analysts forecast that Garmin Ltd. will post 10.84 earnings per share for the current fiscal year.

Garmin Company Profile

(Free Report)

Garmin Ltd. (NYSE: GRMN) designs and manufactures GPS-enabled technology and smart devices for fitness, outdoor recreation, aviation, marine, and automotive markets. Its product portfolio includes smartwatches, cycling computers, sports and activity trackers, satellite communication devices, navigation systems, and related sensors and accessories.

The company also develops aviation systems and avionics, marine chartplotters and sonar equipment, and navigation and infotainment solutions for vehicle manufacturers.