Garmin Ltd. $GRMN Shares Bought by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI boosted its position in shares of Garmin Ltd. (NYSE:GRMN) by 282.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 6,518 shares of the scientific and technical instruments company’s stock after acquiring an additional 4,814 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Garmin were worth $1,322,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Garmin by 2.5% during the 3rd 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 acquiring an additional 499,235 shares during the period. State Street Corp lifted its position in Garmin by 1.8% during 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 acquiring an additional 126,677 shares during the period. Dimensional Fund Advisors LP lifted its position in Garmin by 1.1% during the 3rd 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 period. Disciplined Growth Investors Inc. MN lifted its position in Garmin by 0.4% during the 2nd 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 period. Finally, AQR Capital Management LLC lifted its position in Garmin by 15.7% during the 3rd 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 period. Institutional investors and hedge funds own 81.60% of the company’s stock.

Wall Street Analyst Weigh In

GRMN has been the subject of a number of research reports. Tigress Financial lifted their price target on Garmin from $310.00 to $320.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. lifted their price target on Garmin from $265.00 to $285.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Morgan Stanley set a $249.00 price objective on Garmin in a report on Thursday, April 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Garmin in a report on Thursday, January 22nd. Finally, Barclays decreased their price objective on Garmin from $240.00 to $238.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. One equities research 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $268.40.

Insider Buying and Selling

In related news, VP Susan Lyman sold 3,805 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was 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 approximately $1,877,611.72. This represents a 33.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Clifton A. Pemble sold 19,914 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $251.58, for a total value of $5,009,964.12. Following the completion of the transaction, the chief executive officer directly owned 124,075 shares of the company’s stock, valued at $31,214,788.50. The trade was a 13.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 40,246 shares of company stock worth $10,110,041 in the last ninety days. 15.38% of the stock is owned by corporate insiders.

Garmin Stock Down 3.6%

Shares of GRMN stock opened at $226.04 on Friday. The stock has a market cap of $43.59 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 2.66 and a beta of 0.94. The business has a 50-day simple moving average of $244.83 and a 200-day simple moving average of $222.45. Garmin Ltd. has a 52-week low of $186.67 and a 52-week high of $273.32.

Garmin (NYSE:GRMN) last issued its quarterly earnings data on Wednesday, April 29th. The scientific and technical instruments company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.24. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Garmin had a return on equity of 20.07% and a net margin of 23.26%.The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.61 EPS. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. Sell-side analysts anticipate that Garmin Ltd. will post 9.57 earnings per share for the current fiscal year.

Garmin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 26th. Investors of record on Friday, March 12th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Friday, March 12th. This represents a $4.20 dividend on an annualized basis and a yield of 1.9%. Garmin’s dividend payout ratio is presently 40.13%.

Key Garmin News

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Zacks Research raised its FY2027 EPS estimate for Garmin to $9.82 from $9.74 and lifted its Q1 2028 estimate to $2.02 from $1.93, suggesting better longer-term earnings expectations.
• Positive Sentiment: The broader analyst note still shows Garmin expected to grow earnings over time, with Zacks also forecasting FY2028 EPS of $10.93, despite a small reduction from prior estimates.
• Neutral Sentiment: Zacks kept a Hold rating on Garmin, signaling a cautious but not bearish stance overall.
• Neutral Sentiment: Garmin recently beat quarterly earnings and revenue expectations, which provides a supportive backdrop, but that news is being offset today by the new analyst revisions. Garmin stock page
• Negative Sentiment: Zacks cut near-term EPS estimates for Q2 2026 to $2.13 from $2.26, Q3 2026 to $2.32 from $2.38, Q4 2026 to $2.81 from $2.90, and Q4 2027 to $3.18 from $3.23, which can pressure the stock by implying softer earnings momentum.
• Negative Sentiment: Zacks also lowered Garmin’s Q2 2027 and FY2028 estimates slightly, reinforcing a more cautious near- to medium-term outlook for earnings growth.

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.