Schroder Investment Management Group Cuts Stock Position in Garmin Ltd. $GRMN

Key Points

• Schroder Investment Management Group trimmed its Garmin stake by 3.7% in Q3, selling 4,980 shares and now holds 129,168 shares worth about $31.8 million (roughly 0.07% of the company).
• Significant insider selling occurred on Feb. 26 — CEO Clifton A. Pemble sold 19,914 shares and VP Susan Lyman sold 3,805 shares — with insiders offloading 57,319 shares (~$13.65M) over the past 90 days and retaining 15.38% ownership.
• Garmin beat quarterly EPS and revenue, set FY2026 guidance at 9.35 EPS, and declared a $1.05 quarterly dividend (1.8% yield); analysts' consensus rating is a Moderate Buy with a $254 target.

Schroder Investment Management Group lessened its holdings in shares of Garmin Ltd. (NYSE:GRMN - Free Report) by 3.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 129,168 shares of the scientific and technical instruments company's stock after selling 4,980 shares during the quarter. Schroder Investment Management Group owned about 0.07% of Garmin worth $31,804,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Richardson Financial Services Inc. increased its stake in Garmin by 62.2% during the 3rd quarter. Richardson Financial Services Inc. now owns 133 shares of the scientific and technical instruments company's stock worth $33,000 after buying an additional 51 shares during the period. Cornerstone Planning Group LLC lifted its holdings in Garmin by 788.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 160 shares of the scientific and technical instruments company's stock worth $39,000 after buying an additional 142 shares in the last quarter. Tradewinds Capital Management LLC purchased a new position in Garmin in the 3rd quarter valued at approximately $44,000. SJS Investment Consulting Inc. boosted its position in Garmin by 1,530.8% in the 3rd quarter. SJS Investment Consulting Inc. now owns 212 shares of the scientific and technical instruments company's stock valued at $52,000 after buying an additional 199 shares during the period. Finally, Mascoma Wealth Management LLC acquired a new position in shares of Garmin in the third quarter worth $54,000. Institutional investors and hedge funds own 81.60% of the company's stock.

Insider Activity at Garmin

In other news, VP Susan Lyman sold 3,805 shares of the 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Clifton A. Pemble sold 19,914 shares of the firm'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 transaction, the chief executive officer owned 124,075 shares in the company, valued at approximately $31,214,788.50. This trade represents a 13.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 57,319 shares of company stock valued at $13,650,815 over the last 90 days. 15.38% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on GRMN shares. 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 upgraded Garmin from a "hold" rating to a "strong-buy" rating in a report on Monday, February 23rd. Longbow Research raised Garmin from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a research note on Wednesday, December 3rd. Barclays set a $240.00 price target on Garmin in a report on Thursday, February 19th. Finally, JPMorgan Chase & Co. lifted their price objective on Garmin from $250.00 to $265.00 and gave the company a "neutral" rating in a research note on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $254.00.

Garmin Stock Down 2.2%

GRMN stock opened at $236.02 on Thursday. The business has a 50 day moving average price of $219.96 and a 200 day moving average price of $221.96. The stock has a market cap of $45.43 billion, a price-to-earnings ratio of 27.44, a PEG ratio of 2.89 and a beta of 0.94. Garmin Ltd. has a fifty-two week low of $169.26 and a fifty-two week high of $261.69.

Garmin (NYSE:GRMN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the company posted $2.41 earnings per share. The business's quarterly 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. As a group, sell-side analysts anticipate 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. This represents a $4.20 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, March 12th. Garmin's dividend payout ratio (DPR) is currently 41.86%.

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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