Janney Montgomery Scott LLC Has $8.15 Million Stock Position in Garmin Ltd. $GRMN

Posted by Francis Steltz on Jul 4th, 2026

Janney Montgomery Scott LLC lifted its position in Garmin Ltd. (NYSE:GRMN – Free Report) by 13.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 35,146 shares of the scientific and technical instruments company’s stock after buying an additional 4,273 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Garmin were worth $8,154,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GRMN. State Street Corp boosted its stake in Garmin by 1.8% in the 3rd 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 purchasing an additional 126,677 shares during the period. Norges Bank acquired a new stake in Garmin during the 4th quarter valued at $395,234,000. Northern Trust Corp lifted its holdings in shares of Garmin by 3.8% in the fourth quarter. Northern Trust Corp now owns 1,719,677 shares of the scientific and technical instruments company’s stock valued at $348,836,000 after purchasing an additional 63,283 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Garmin by 6.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,591,369 shares of the scientific and technical instruments company’s stock valued at $322,837,000 after purchasing an additional 96,850 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN boosted its position in shares of 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 worth $296,250,000 after buying an additional 5,213 shares during the period. Institutional investors and hedge funds own 81.60% of the company’s stock.

Garmin Stock Up 0.0%

Garmin stock opened at $240.03 on Friday. Garmin Ltd. has a 12 month low of $186.67 and a 12 month high of $273.32. The stock has a market cap of $46.29 billion, a P/E ratio of 26.76, a P/E/G ratio of 2.84 and a beta of 0.90. The company’s fifty day simple moving average is $238.95 and its 200-day simple moving average is $230.61.

Garmin (NYSE:GRMN – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The scientific and technical instruments company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.24. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. Garmin had a return on equity of 20.07% and a net margin of 23.26%.Garmin’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the company earned $1.61 earnings per share. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. On average, equities research analysts expect that Garmin Ltd. will post 9.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GRMN. Weiss Ratings reiterated a “buy (b)” rating on shares of Garmin in a report on Monday, June 8th. JPMorgan Chase & Co. increased their price objective on Garmin from $265.00 to $285.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Tigress Financial lifted their target price on Garmin from $320.00 to $325.00 and gave the company a “strong-buy” rating in a research note on Wednesday, May 20th. Barclays dropped their target price on Garmin from $240.00 to $238.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Finally, Zacks Research lowered shares of Garmin from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $269.40.

Check Out Our Latest Report on GRMN

Insider Activity

In related news, CFO Douglas G. Boessen sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $237.91, for a total value of $475,820.00. Following the completion of the sale, the chief financial officer owned 26,049 shares of the company’s stock, valued at approximately $6,197,317.59. The trade was a 7.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Joseph J. Hartnett sold 643 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $263.57, for a total value of $169,475.51. Following the completion of the transaction, the director owned 21,277 shares in the company, valued at $5,607,978.89. This represents a 2.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 15.38% of the company’s stock.

Garmin Company Profile

(Free Report)

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.