Garmin Ltd. $GRMN Shares Purchased by Foster Victor Wealth Advisors LLC

Key Points

• Foster Victor Wealth Advisors increased its Garmin stake by 9.6% in Q4, buying 7,512 shares to hold 86,111 shares worth about $18.24 million, while institutional investors now own roughly 81.6% of Garmin.
• Garmin beat Q4 estimates with EPS of $2.79 (vs. $2.39 expected) and revenue of $2.12B (vs. $2.01B), and the company set FY‑2026 guidance at about 9.35 EPS, above analysts' ~7.8 EPS forecast.
• Insiders have sold significant stock recently—40,725 shares in the last 90 days (~$10.2M), including sales by the CFO and a VP—and Garmin announced a quarterly dividend of $1.05 (annualized $4.20, yield ~1.6%).

Foster Victor Wealth Advisors LLC boosted its position in Garmin Ltd. (NYSE:GRMN - Free Report) by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,111 shares of the scientific and technical instruments company's stock after acquiring an additional 7,512 shares during the quarter. Garmin accounts for about 1.1% of Foster Victor Wealth Advisors LLC's holdings, making the stock its 27th biggest holding. Foster Victor Wealth Advisors LLC's holdings in Garmin were worth $18,238,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in GRMN. Richardson Financial Services Inc. lifted its stake in Garmin by 62.2% during the third quarter. Richardson Financial Services Inc. now owns 133 shares of the scientific and technical instruments company's stock worth $33,000 after purchasing an additional 51 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in Garmin by 788.9% during the third quarter. Cornerstone Planning Group LLC now owns 160 shares of the scientific and technical instruments company's stock worth $39,000 after purchasing an additional 142 shares during the last quarter. GraniteShares Advisors LLC purchased a new stake in Garmin during the fourth quarter worth approximately $41,000. Tradewinds Capital Management LLC acquired a new position in Garmin during the third quarter worth approximately $44,000. Finally, Newbridge Financial Services Group Inc. increased its position in Garmin by 96.9% during the second quarter. Newbridge Financial Services Group Inc. now owns 250 shares of the scientific and technical instruments company's stock worth $52,000 after buying an additional 123 shares during the period. Hedge funds and other institutional investors own 81.60% of the company's stock.

Insiders Place Their Bets

In other news, CFO Douglas G. Boessen sold 3,487 shares of the business's stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $251.66, for a total value of $877,538.42. Following the transaction, the chief financial officer owned 28,049 shares of the company's stock, valued at approximately $7,058,811.34. The trade was a 11.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 shares were sold at an average price of $251.32, for a total value of $956,272.60. Following the completion of the transaction, the vice president directly owned 7,471 shares in the company, valued at approximately $1,877,611.72. The trade was a 33.74% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 40,725 shares of company stock valued at $10,213,222. 19.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on GRMN. Zacks Research raised Garmin from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 23rd. JPMorgan Chase & Co. lifted their price target on Garmin from $250.00 to $265.00 and gave the stock a "neutral" rating in a research report on Thursday, February 19th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Garmin in a research report on Thursday, January 22nd. Tigress Financial lifted 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, February 20th. Finally, Barclays set a $240.00 price target on Garmin in a research report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $254.00.

Garmin Trading Up 1.2%

NYSE:GRMN opened at $264.63 on Wednesday. The firm has a market cap of $50.94 billion, a P/E ratio of 30.77, a PEG ratio of 3.13 and a beta of 0.96. The stock's 50 day simple moving average is $235.97 and its 200-day simple moving average is $222.42. Garmin Ltd. has a 12-month low of $178.74 and a 12-month high of $265.21.

Garmin (NYSE:GRMN - Get Free Report) last released its earnings results 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. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.01 billion. Garmin had a return on equity of 19.64% and a net margin of 22.96%.The company's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.41 earnings per share. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. Research analysts forecast that Garmin Ltd. will post 7.8 EPS for the current fiscal year.

Garmin Announces Dividend

The business 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 of this dividend is Friday, March 12th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.6%. Garmin's payout ratio is presently 41.86%.

About Garmin

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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