Cwm LLC Decreases Position in Garmin Ltd. $GRMN

Key Points

• Cwm LLC cut its stake in Garmin by 74.1% in Q4, selling 27,724 shares and leaving the firm with 9,694 shares valued at about $1.97 million.
• Garmin beat quarterly expectations with $2.79 EPS (vs. $2.39 est.) and $2.12 billion revenue (up 16.6% year‑over‑year) and set FY2026 guidance at about 9.35 EPS.
• Insiders sold a total of 40,725 shares worth roughly $10.2 million last quarter (including sales by the COO and VP), even as Garmin declared a quarterly dividend of $1.05 ($4.20 annual, ~1.6% yield).

Cwm LLC decreased its holdings in Garmin Ltd. (NYSE:GRMN - Free Report) by 74.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,694 shares of the scientific and technical instruments company's stock after selling 27,724 shares during the quarter. Cwm LLC's holdings in Garmin were worth $1,967,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Garmin by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 20,197,564 shares of the scientific and technical instruments company's stock valued at $4,973,044,000 after purchasing an additional 499,235 shares in the last quarter. State Street Corp raised its stake in shares of Garmin by 1.8% during the 3rd quarter. State Street Corp now owns 7,250,844 shares of the scientific and technical instruments company's stock valued at $1,785,304,000 after buying an additional 126,677 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Garmin by 1.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,494,519 shares of the scientific and technical instruments company's stock worth $367,964,000 after acquiring an additional 16,622 shares during the period. Disciplined Growth Investors Inc. MN raised its position in Garmin by 0.4% during the second quarter. Disciplined Growth Investors Inc. MN now owns 1,419,365 shares of the scientific and technical instruments company's stock valued at $296,250,000 after acquiring an additional 5,213 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in Garmin by 15.7% during the third quarter. AQR Capital Management LLC now owns 1,348,955 shares of the scientific and technical instruments company's stock valued at $330,373,000 after acquiring an additional 182,548 shares in the last quarter. 81.60% of the stock is owned by institutional investors and hedge funds.

Garmin Price Performance

Shares of NYSE:GRMN opened at $259.41 on Friday. Garmin Ltd. has a 1 year low of $178.74 and a 1 year high of $273.32. The firm has a market capitalization of $50.04 billion, a price-to-earnings ratio of 30.16, a price-to-earnings-growth ratio of 3.12 and a beta of 0.96. The business's 50 day moving average price is $245.40 and its 200-day moving average price is $223.49.

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 EPS for the quarter, topping 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 company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the firm earned $2.41 EPS. The firm's revenue 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, sell-side analysts expect that Garmin Ltd. will post 9.41 earnings per share for the current year.

Garmin Announces Dividend

The business 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 $1.05 dividend. The ex-dividend date of this dividend is Friday, March 12th. This represents a $4.20 dividend on an annualized basis and a yield of 1.6%. Garmin's dividend payout ratio (DPR) is currently 41.86%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Tigress Financial upped their price objective on Garmin from $310.00 to $320.00 and gave the stock a "strong-buy" rating in a research report on Friday, February 20th. Zacks Research raised shares of Garmin from a "hold" rating to a "strong-buy" rating in a report on Monday, February 23rd. Barclays set a $240.00 price target on shares of Garmin in a report on Thursday, February 19th. JPMorgan Chase & Co. raised their price target on shares of Garmin from $265.00 to $285.00 and gave the company a "neutral" rating in a research report on Thursday, April 16th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Garmin in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Garmin presently has an average rating of "Moderate Buy" and a consensus target price of $258.00.

Insider Buying and Selling

In related news, COO Patrick Desbois sold 6,694 shares of Garmin stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $251.65, for a total value of $1,684,545.10. Following the sale, the chief operating officer directly owned 58,540 shares in the company, valued at approximately $14,731,591. The trade was a 10.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Susan Lyman sold 3,805 shares of the business's stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $251.32, for a total value of $956,272.60. Following the sale, the vice president owned 7,471 shares of the company's stock, valued at approximately $1,877,611.72. This trade represents a 33.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 40,725 shares of company stock worth $10,213,222 in 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.

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