Barclays PLC Increases Stock Position in Garmin Ltd. $GRMN

Key Points

• Barclays PLC increased its stake in Garmin by 5.0% in Q3 to 385,885 shares, worth about $95.0 million and representing roughly 0.20% of the company.
• Garmin beat the quarter's estimates with $2.79 EPS vs $2.39 expected and $2.12 billion revenue vs $2.01 billion, set FY2026 guidance at 9.35 EPS and announced larger buybacks and a bigger dividend (quarterly $1.05, annual $4.20, ~1.7% yield).
• Insiders have been net sellers recently: CEO Clifton Pemble sold 19,914 shares and the CFO sold 3,487 on Feb. 26, with insiders selling 57,319 shares (~$13.65M) in the past three months while still owning about 19.54% of the stock.

Barclays PLC raised its stake in shares of Garmin Ltd. (NYSE:GRMN - Free Report) by 5.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 385,885 shares of the scientific and technical instruments company's stock after purchasing an additional 18,378 shares during the period. Barclays PLC owned 0.20% of Garmin worth $95,013,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. lifted its position in shares of Garmin by 1.2% in the third quarter. Mather Group LLC. now owns 3,749 shares of the scientific and technical instruments company's stock worth $923,000 after buying an additional 44 shares in the last quarter. Smith Moore & CO. grew its holdings in Garmin by 4.3% during the 2nd quarter. Smith Moore & CO. now owns 1,151 shares of the scientific and technical instruments company's stock valued at $240,000 after buying an additional 47 shares in the last quarter. BSW Wealth Partners grew its holdings in Garmin by 2.9% during the 3rd 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 in the last quarter. SYM FINANCIAL Corp increased its stake in Garmin by 4.0% in the 3rd quarter. SYM FINANCIAL Corp now owns 1,294 shares of the scientific and technical instruments company's stock worth $319,000 after acquiring an additional 50 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC raised its holdings 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 acquiring an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 81.60% of the company's stock.

Garmin Stock Performance

NYSE GRMN opened at $243.57 on Monday. The business's 50 day moving average price is $217.81 and its 200-day moving average price is $221.72. Garmin Ltd. has a fifty-two week low of $169.26 and a fifty-two week high of $261.69. The company has a market cap of $46.88 billion, a P/E ratio of 28.32, a P/E/G ratio of 2.92 and a beta of 0.94.

Garmin (NYSE:GRMN - Get Free Report) last issued its quarterly 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. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.01 billion. Garmin had a return on equity of 19.64% and a net margin of 22.96%.Garmin's revenue was up 16.6% on a year-over-year basis. During the same period last year, the company earned $2.41 earnings per share. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. As a group, equities analysts predict that Garmin Ltd. will post 7.8 EPS for the current year.

Garmin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 26th. Investors of record on Friday, March 12th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, March 12th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.7%. Garmin's payout ratio is currently 41.86%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Barclays set a $240.00 target price on Garmin in a research report on Thursday, February 19th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Garmin in a research note on Thursday, January 22nd. JPMorgan Chase & Co. increased their price objective on shares of Garmin from $250.00 to $265.00 and gave the company a "neutral" rating in a research report on Thursday, February 19th. Tigress Financial lifted their price objective on shares of Garmin from $310.00 to $320.00 and gave the stock a "strong-buy" rating in a research note on Friday, February 20th. Finally, Longbow Research upgraded shares of 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. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Garmin presently has a consensus rating of "Moderate Buy" and an average price target of $254.00.

Key Garmin News

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

Insider Activity at Garmin

In other Garmin news, CEO Clifton A. Pemble sold 19,914 shares of the business's stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $251.58, for a total transaction of $5,009,964.12. Following the completion of the transaction, the chief executive officer owned 124,075 shares in the company, valued at $31,214,788.50. The trade was a 13.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Douglas G. Boessen sold 3,487 shares of the company's stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $251.66, 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 approximately $7,058,811.34. This represents a 11.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 57,319 shares of company stock worth $13,650,815 in the last three months. 19.54% 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.

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