Dimensional Fund Advisors LP Has $367.96 Million Stake in Garmin Ltd. $GRMN

Dimensional Fund Advisors LP raised its position in shares of Garmin Ltd. (NYSE:GRMN) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,494,519 shares of the scientific and technical instruments company’s stock after acquiring an additional 16,622 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Garmin were worth $367,964,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Mather Group LLC. lifted its stake in shares of Garmin by 1.2% in the 3rd quarter. Mather Group LLC. now owns 3,749 shares of the scientific and technical instruments company’s stock valued at $923,000 after purchasing an additional 44 shares during the period. Smith Moore & CO. increased its holdings in Garmin by 4.3% in the second quarter. Smith Moore & CO. now owns 1,151 shares of the scientific and technical instruments company’s stock worth $240,000 after purchasing an additional 47 shares in the last quarter. BSW Wealth Partners lifted its stake in Garmin by 2.9% in the third quarter. BSW Wealth Partners now owns 1,724 shares of the scientific and technical instruments company’s stock valued at $425,000 after buying an additional 48 shares during the period. SYM FINANCIAL Corp boosted its holdings in shares of Garmin by 4.0% during the 3rd quarter. SYM FINANCIAL Corp now owns 1,294 shares of the scientific and technical instruments company’s stock worth $319,000 after buying an additional 50 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC grew its position in shares of Garmin by 0.6% during the 3rd quarter. Alpine Woods Capital Investors LLC now owns 9,314 shares of the scientific and technical instruments company’s stock worth $2,293,000 after buying an additional 51 shares during the period. 81.60% of the stock is owned by institutional investors.

Insider Activity at Garmin

In other news, VP Susan Lyman sold 3,805 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $251.32, for a total transaction of $956,272.60. Following the completion of the transaction, the vice president directly owned 7,471 shares in the company, valued at $1,877,611.72. The trade was a 33.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Matthew Munn sold 5,275 shares of the company’s stock in a transaction 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 completion of the transaction, 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 position. The SEC filing for this sale provides additional information. Insiders have sold 57,319 shares of company stock valued at $13,650,815 in the last quarter. 15.38% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Garmin Price Performance

NYSE:GRMN opened at $240.12 on Friday. Garmin Ltd. has a 1 year low of $169.26 and a 1 year high of $261.69. The stock’s fifty day moving average price is $217.05 and its two-hundred day moving average price is $221.78. The company has a market cap of $46.22 billion, a P/E ratio of 27.92, a P/E/G ratio of 3.01 and a beta of 0.94.

Garmin (NYSE:GRMN) last released its quarterly earnings data on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the company posted $2.41 EPS. The firm’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. On average, analysts expect that Garmin Ltd. will post 7.8 earnings per share for the current fiscal year.

Garmin Announces Dividend

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 given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, March 12th. Garmin’s dividend payout ratio (DPR) is 41.86%.

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.