Garmin Ltd. $GRMN Stock Holdings Increased by Cresset Asset Management LLC

Cresset Asset Management LLC increased its stake in Garmin Ltd. (NYSE:GRMN) by 45.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,991 shares of the scientific and technical instruments company’s stock after buying an additional 2,497 shares during the quarter. Cresset Asset Management LLC’s holdings in Garmin were worth $1,968,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC boosted its position in shares of Garmin by 43.4% during the 3rd quarter. Penserra Capital Management LLC now owns 22,496 shares of the scientific and technical instruments company’s stock valued at $5,538,000 after purchasing an additional 6,806 shares in the last quarter. EFG Asset Management Americas Corp. grew its stake in shares of Garmin by 34.1% in the 2nd quarter. EFG Asset Management Americas Corp. now owns 10,455 shares of the scientific and technical instruments company’s stock worth $2,182,000 after purchasing an additional 2,659 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Garmin by 25.9% in 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 purchasing an additional 4,437 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised 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 purchasing an additional 19,360 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Garmin by 6.9% during the second quarter. Vanguard Group Inc. now owns 19,698,329 shares of the scientific and technical instruments company’s stock valued at $4,111,435,000 after purchasing an additional 1,273,163 shares during the last quarter. Institutional investors own 81.60% of the company’s stock.

Garmin News Roundup

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Zacks Research raised its FY2027 EPS forecast to $9.74 and lifted several quarterly estimates (including Q3 2026 and Q1/Q2 2026 upgrades), and published an optimistic FY2028 view of $11.02 — supporting a bullish medium‑term earnings story. Best Health & Fitness Stocks to Buy Now for Strong Growth
• Positive Sentiment: Analysts and coverage pieces point to record Q4 results and new capital return plans (buybacks/dividends), which tends to support share appreciation as earnings and cash return expectations rise. Assessing Garmin (GRMN) Valuation After Record Q4 Results And New Capital Return Plans
• Neutral Sentiment: Garmin was named among top health & fitness stocks to own as wearables and wellness markets expand — a thematic positive but more long‑horizon in nature. Best Health & Fitness Stocks to Buy Now for Strong Growth
• Neutral Sentiment: Valuation discussion pieces ask whether the recent run leaves Garmin fully priced — useful for entry/timing decisions but not immediate catalysts. Is It Too Late To Consider Garmin (GRMN) After A Strong Share Price Run?
• Negative Sentiment: Zacks trimmed several near‑term 2027 quarterly EPS estimates (Q1, Q2 and Q3 2027 cuts cited), which could pressure short‑term sentiment if guidance or demand softens. Zacks Research estimates revisions (multiple notes)
• Negative Sentiment: Market writeups noted a daily pullback where Garmin fell more than the broader market, signaling potential short‑term volatility and profit‑taking after the run. Here’s Why Garmin (GRMN) Fell More Than Broader Market
• Neutral Sentiment: Long‑term performance retrospectives highlight strong historical returns, but they are descriptive rather than immediate drivers. If You Invested $100 In Garmin Stock 15 Years Ago, You Would Have This Much Today

Garmin Price Performance

Garmin stock opened at $243.57 on Friday. Garmin Ltd. has a fifty-two week low of $169.26 and a fifty-two week high of $261.69. The firm’s 50 day simple moving average is $217.81 and its 200-day simple moving average is $221.78. The company has a market cap of $46.88 billion, a P/E ratio of 28.32, a price-to-earnings-growth ratio of 2.91 and a beta of 0.94.

Garmin (NYSE:GRMN) last issued its quarterly earnings results on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 EPS for the quarter, beating the consensus estimate of $2.39 by $0.40. Garmin had a net margin of 22.96% and a return on equity of 19.64%. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the firm earned $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. On average, analysts expect that Garmin Ltd. will post 7.8 EPS for the current fiscal year.

Garmin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 26th. Stockholders of record on Friday, March 12th will be issued a $1.05 dividend. The ex-dividend date is Friday, March 12th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.7%. Garmin’s dividend payout ratio is presently 41.86%.

Wall Street Analyst Weigh In

GRMN has been the topic of several recent research reports. Barclays set a $240.00 price target on shares of Garmin in a research report on Thursday, February 19th. Tigress Financial increased their price objective on Garmin from $310.00 to $320.00 and gave the company a “strong-buy” rating in a research report on Friday, February 20th. Zacks Research raised Garmin from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. 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, JPMorgan Chase & Co. boosted their target price on Garmin from $250.00 to $265.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $254.00.

Insiders Place Their Bets

In other news, EVP Matthew Munn sold 5,275 shares of Garmin 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 transaction, the executive vice president 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Douglas G. Boessen sold 3,487 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $251.66, for a total value of $877,538.42. Following the transaction, the chief financial officer directly owned 28,049 shares in the company, valued at $7,058,811.34. The trade was a 11.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 57,319 shares of company stock valued at $13,650,815 over the last quarter. 15.38% of the stock is owned by insiders.

Garmin Company 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.