Garmin Ltd. $GRMN Shares Purchased by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management increased its stake in Garmin by 16.5%, buying an additional 61,985 shares to hold 438,365 shares worth about $88.9 million (≈0.23% of the company).
• Garmin beat expectations for the quarter with $2.79 EPS versus a $2.39 consensus and revenue of $2.12 billion (up 16.6% year‑over‑year), and has set FY2026 guidance at about 9.35 EPS.
• The company declared a quarterly dividend of $1.05 per share (annualized $4.20, yield ~1.6%, ex‑dividend Mar 12), while insiders have sold 40,725 shares worth roughly $10.21 million in the last 90 days, leaving insiders with about 19.54% ownership.

Robeco Institutional Asset Management B.V. increased its stake in shares of Garmin Ltd. (NYSE:GRMN - Free Report) by 16.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 438,365 shares of the scientific and technical instruments company's stock after acquiring an additional 61,985 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.23% of Garmin worth $88,922,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Richardson Financial Services Inc. grew its holdings 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 acquiring an additional 51 shares during the period. Cornerstone Planning Group LLC boosted its position 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 in the last quarter. Tradewinds Capital Management LLC purchased a new position in Garmin during the third quarter worth approximately $44,000. GraniteShares Advisors LLC purchased a new position in Garmin during the fourth quarter worth approximately $41,000. Finally, SJS Investment Consulting Inc. boosted its position in Garmin by 1,530.8% during the third quarter. SJS Investment Consulting Inc. now owns 212 shares of the scientific and technical instruments company's stock worth $52,000 after purchasing an additional 199 shares in the last quarter. 81.60% of the stock is owned by institutional investors and hedge funds.

Garmin Price Performance

NYSE GRMN opened at $257.10 on Monday. Garmin Ltd. has a 1-year low of $178.74 and a 1-year high of $261.69. The company has a market cap of $49.49 billion, a PE ratio of 29.89, a price-to-earnings-growth ratio of 3.08 and a beta of 0.96. The stock's 50 day simple moving average is $233.60 and its 200-day simple moving average is $222.08.

Garmin (NYSE:GRMN - Get Free Report) last posted 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 return on equity of 19.64% and a net margin of 22.96%.The firm had revenue of $2.12 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same quarter last year, the firm earned $2.41 earnings per share. The business's revenue for the quarter 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, equities research analysts anticipate that Garmin Ltd. will post 7.8 EPS for the current fiscal 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 issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, March 12th. Garmin's dividend payout ratio (DPR) is currently 41.86%.

Analyst Ratings Changes

A number of brokerages have issued reports on GRMN. Barclays set a $240.00 price target on Garmin in a research report on Thursday, February 19th. JPMorgan Chase & Co. raised their target price on Garmin from $250.00 to $265.00 and gave the company a "neutral" rating in a research report on Thursday, February 19th. Zacks Research upgraded Garmin from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 23rd. Weiss Ratings restated a "buy (b)" rating on shares of Garmin in a research report on Thursday, January 22nd. Finally, Tigress Financial raised their target price on Garmin from $310.00 to $320.00 and gave the company a "strong-buy" rating in a research report on Friday, February 20th. Two 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $254.00.

Insider Transactions at Garmin

In related news, EVP Matthew Munn sold 5,275 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $250.97, for a total value of $1,323,866.75. Following the completion of the sale, the executive vice president owned 9,876 shares of the company's stock, valued at approximately $2,478,579.72. This trade represents a 34.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Susan Lyman sold 3,805 shares of the 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 sale, the vice president directly owned 7,471 shares of the company's stock, valued at approximately $1,877,611.72. This represents a 33.74% decrease in their position. The SEC filing for this sale provides additional information. 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 currently owned by company 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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