Schaper Benz & Wise Investment Counsel Inc. WI Makes New Investment in Garmin Ltd. $GRMN

Schaper Benz & Wise Investment Counsel Inc. WI acquired a new position in Garmin Ltd. (NYSE:GRMN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,776 shares of the scientific and technical instruments company’s stock, valued at approximately $969,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Penserra Capital Management LLC grew its position in Garmin by 43.4% in the third quarter. Penserra Capital Management LLC now owns 22,496 shares of the scientific and technical instruments company’s stock worth $5,538,000 after buying an additional 6,806 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Garmin by 25.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,584 shares of the scientific and technical instruments company’s stock worth $5,314,000 after acquiring an additional 4,437 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Garmin by 4.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 429,030 shares of the scientific and technical instruments company’s stock worth $105,636,000 after acquiring an additional 19,360 shares during the last quarter. Krilogy Financial LLC acquired a new position in shares of Garmin in the 3rd quarter worth $1,519,000. Finally, First Horizon Corp purchased a new stake in shares of Garmin during the third quarter valued at $7,834,000. 81.60% of the stock is currently owned by institutional investors.

Garmin Price Performance

NYSE:GRMN opened at $241.09 on Wednesday. The stock’s 50-day moving average is $224.70 and its two-hundred day moving average is $221.72. The stock has a market cap of $46.40 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 2.86 and a beta of 0.94. Garmin Ltd. has a fifty-two week low of $169.26 and a fifty-two week high of $261.69.

Garmin (NYSE:GRMN) last released its earnings results on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.39 by $0.40. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.01 billion. Garmin had a net margin of 22.96% and a return on equity of 19.64%. The company’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.41 EPS. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. On average, equities research analysts anticipate that Garmin Ltd. will post 7.8 earnings per share for the current year.

Garmin Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, March 12th. This represents a $4.20 annualized dividend and a dividend yield of 1.7%. Garmin’s payout ratio is presently 41.86%.

Insider Buying and Selling at Garmin

In other news, EVP Matthew Munn sold 5,275 shares of the business’s 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 sale, the executive vice president directly owned 9,876 shares in the company, valued at approximately $2,478,579.72. The trade was a 34.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Susan Lyman sold 3,805 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $251.32, for a total value of $956,272.60. Following the completion of the transaction, the vice president owned 7,471 shares of the company’s stock, valued at $1,877,611.72. The trade was a 33.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 44,403 shares of company stock valued at $10,987,074 over the last quarter. Company insiders own 19.54% of the company’s stock.

Analyst Upgrades and Downgrades

GRMN has been the topic of a number of analyst reports. Zacks Research raised Garmin from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Barclays set a $240.00 target price on shares of Garmin in a report on Thursday, February 19th. Weiss Ratings reissued a “buy (b)” rating on shares of Garmin in a research report on Thursday, January 22nd. Tigress Financial raised their price objective on shares of Garmin from $310.00 to $320.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 20th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Garmin from $250.00 to $265.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Garmin has an average rating of “Moderate Buy” and a consensus target price of $254.00.

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.