Marshall Financial Group LLC Sells 8,885 Shares of Garmin Ltd. $GRMN

Marshall Financial Group LLC lessened its holdings in Garmin Ltd. (NYSE:GRMN) by 70.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,757 shares of the scientific and technical instruments company’s stock after selling 8,885 shares during the quarter. Marshall Financial Group LLC’s holdings in Garmin were worth $762,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Richardson Financial Services Inc. boosted its position in Garmin by 62.2% during the third quarter. Richardson Financial Services Inc. now owns 133 shares of the scientific and technical instruments company’s stock valued at $33,000 after purchasing an additional 51 shares in the last quarter. Cornerstone Planning Group LLC raised its holdings in Garmin by 788.9% in the third quarter. Cornerstone Planning Group LLC now owns 160 shares of the scientific and technical instruments company’s stock worth $39,000 after purchasing an additional 142 shares in the last quarter. Tradewinds Capital Management LLC purchased a new stake in shares of Garmin during the third quarter valued at about $44,000. SJS Investment Consulting Inc. boosted its holdings in shares of Garmin by 1,530.8% in the 3rd quarter. SJS Investment Consulting Inc. now owns 212 shares of the scientific and technical instruments company’s stock valued at $52,000 after buying an additional 199 shares in the last quarter. Finally, Mascoma Wealth Management LLC bought a new stake in shares of Garmin in the 3rd quarter valued at about $54,000. 81.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on GRMN. Longbow Research upgraded shares of Garmin from a “neutral” rating to a “buy” rating and set a $250.00 price objective for the company in a research note on Wednesday, December 3rd. Barclays set a $240.00 price target on shares of Garmin in a report on Thursday, February 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Garmin in a research report on Thursday, January 22nd. Tigress Financial increased their price objective on Garmin from $310.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, February 20th. Finally, Zacks Research upgraded Garmin from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Garmin presently has an average rating of “Moderate Buy” and a consensus price target of $254.00.

Insider Activity

In related news, EVP Matthew Munn sold 5,275 shares of Garmin stock in a transaction dated 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 completion of the sale, the executive vice president owned 9,876 shares of the company’s stock, valued at $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 available through this hyperlink. Also, COO Patrick Desbois sold 6,694 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $251.65, for a total value of $1,684,545.10. Following the completion of the sale, the chief operating officer owned 58,540 shares in the company, valued at approximately $14,731,591. This represents a 10.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 44,403 shares of company stock valued at $10,987,074. 19.54% of the stock is owned by insiders.

Garmin Trading Up 2.6%

NYSE GRMN opened at $238.52 on Tuesday. The company has a fifty day simple moving average of $224.16 and a two-hundred day simple moving average of $221.70. Garmin Ltd. has a 12-month low of $169.26 and a 12-month high of $261.69. The stock has a market cap of $45.91 billion, a P/E ratio of 27.73, a P/E/G ratio of 2.78 and a beta of 0.94.

Garmin (NYSE:GRMN) last issued 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. Garmin had a return on equity of 19.64% and a net margin of 22.96%.The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the business posted $2.41 EPS. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. As a group, sell-side analysts forecast that Garmin Ltd. will post 7.8 earnings per share for the current year.

Garmin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 26th. Stockholders of record on Friday, March 12th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, March 12th. Garmin’s dividend payout ratio (DPR) is presently 41.86%.

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.