Garmin Ltd. $GRMN Holdings Raised by Fiera Capital Corp

Fiera Capital Corp lifted its position in shares of Garmin Ltd. (NYSE:GRMN) by 18.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 23,377 shares of the scientific and technical instruments company’s stock after acquiring an additional 3,654 shares during the quarter. Fiera Capital Corp’s holdings in Garmin were worth $5,756,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Synergy Investment Management LLC acquired a new position in Garmin in the third quarter worth $216,000. Syon Capital LLC raised its holdings in shares of Garmin by 34.4% during the third quarter. Syon Capital LLC now owns 4,867 shares of the scientific and technical instruments company’s stock worth $1,198,000 after purchasing an additional 1,246 shares during the period. Drucker Wealth 3.0 LLC lifted its position in shares of Garmin by 102.9% in the 3rd quarter. Drucker Wealth 3.0 LLC now owns 9,036 shares of the scientific and technical instruments company’s stock worth $2,225,000 after buying an additional 4,583 shares during the last quarter. Crestwood Advisors Group LLC acquired a new position in shares of Garmin in the 3rd quarter valued at about $214,000. Finally, NEOS Investment Management LLC boosted its holdings in shares of Garmin by 82.2% in the 3rd quarter. NEOS Investment Management LLC now owns 16,613 shares of the scientific and technical instruments company’s stock valued at $4,090,000 after buying an additional 7,497 shares during the period. 81.60% of the stock is currently owned by institutional investors.

Insider Activity at Garmin

In related news, Director Sean Biddlecombe sold 1,071 shares of Garmin stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $240.76, for a total transaction of $257,853.96. Following the sale, the director directly owned 7,884 shares in the company, valued at $1,898,151.84. The trade was a 11.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Patrick Desbois sold 3,678 shares of the stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $210.40, for a total transaction of $773,851.20. Following the completion of the transaction, the chief operating officer owned 61,798 shares of the company’s stock, valued at $13,002,299.20. This represents a 5.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,144 shares of company stock valued at $3,798,628 in the last ninety days. Company insiders own 15.38% of the company’s stock.

Garmin Trading Up 3.7%

GRMN opened at $248.65 on Friday. The business’s 50 day moving average is $208.76 and its 200-day moving average is $220.57. The stock has a market cap of $47.86 billion, a PE ratio of 28.91, a price-to-earnings-growth ratio of 2.43 and a beta of 1.00. Garmin Ltd. has a twelve month low of $169.26 and a twelve month high of $261.69.

Garmin (NYSE:GRMN) last issued its quarterly earnings data 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 business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the prior year, the company posted $2.41 EPS. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. As a group, analysts forecast that Garmin Ltd. will post 7.8 EPS for the current year.

Garmin Announces Dividend

The firm also recently declared 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. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, March 12th. Garmin’s dividend payout ratio (DPR) is 41.86%.

Analysts Set New Price Targets

Several research firms recently weighed in on GRMN. Morgan Stanley increased their price objective on shares of Garmin from $193.00 to $195.00 and gave the stock an “underweight” rating in a research note on Thursday, October 30th. Longbow Research raised Garmin from a “neutral” rating to a “buy” rating and set a $250.00 target price for the company in a report on Wednesday, December 3rd. Tigress Financial increased 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. Weiss Ratings restated a “buy (b)” rating on shares of Garmin in a research report on Thursday, January 22nd. Finally, Barclays set a $240.00 price objective on Garmin in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $254.00.

Key Garmin News

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Q4 results beat expectations — Garmin reported record Q4 revenue (~$2.12B) and pro forma EPS of $2.79, with strong double‑digit growth in Fitness, Aviation and Marine; management issued above‑consensus FY‑2026 guidance. Garmin’s Q4 Earnings Surpass Estimates
• Positive Sentiment: Capital returns boosted — company proposed a ~17% raise to the quarterly dividend and authorized a new $500M share‑repurchase program, improving shareholder yield and reducing float. Garmin Jumps on Guidance, Then Doubles Down on Buybacks and a Bigger Dividend
• Positive Sentiment: Upgrades and positive coverage — Zacks moved Garmin to a Rank #2 (Buy) and several outlets highlighted the company as a steady-growth name, supporting near‑term demand for the shares. All You Need to Know About Garmin (GRMN) Rating Upgrade to Buy
• Positive Sentiment: Additional analyst support — Morgan Stanley and other outlets published upgrades/comments after the results, and JPMorgan raised its price target (to $265), adding institutional credibility. Morgan Stanley upgrades Garmin (GRMN)
• Neutral Sentiment: Valuation considerations — coverage notes that Garmin now trades at a premium to the market (~mid‑20s P/E) after the move; some analysts still stress valuation even as growth outlook improves. Assessing Garmin (GRMN) Valuation After Earnings
• Negative Sentiment: Insider selling noted — data aggregators show insider sales in recent months, which some investors watch as a cautionary signal even amid strong company results. QuiverQuant analysis & insider activity

Garmin Profile

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.