Stratos Wealth Partners LTD. Sells 6,575 Shares of Garmin Ltd. $GRMN

Key Points

• Stratos Wealth Partners LTD. cut its Garmin stake by 85.5% in Q4, selling 6,575 shares and retaining 1,118 shares worth $227,000 at quarter-end.
• Garmin topped expectations with Q EPS of $2.79 (vs. $2.39 est.) and $2.12B revenue (up 16.6% YoY), set FY2026 guidance at 9.350 EPS, and carries an average analyst rating of Moderate Buy with a $254 target.
• Notable insider selling occurred recently—executives sold several thousand shares (EVP and VP transactions highlighted) and insiders disposed of 40,725 shares (~$10.2M) over 90 days, though insiders still own 15.38% and institutions 81.60% of the stock.

Stratos Wealth Partners LTD. lessened its position in Garmin Ltd. (NYSE:GRMN - Free Report) by 85.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,118 shares of the scientific and technical instruments company's stock after selling 6,575 shares during the period. Stratos Wealth Partners LTD.'s holdings in Garmin were worth $227,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Richardson Financial Services Inc. grew its position in shares of Garmin by 62.2% in the 3rd quarter. Richardson Financial Services Inc. now owns 133 shares of the scientific and technical instruments company's stock valued at $33,000 after acquiring an additional 51 shares during the period. Cornerstone Planning Group LLC grew its position in shares of Garmin by 788.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 160 shares of the scientific and technical instruments company's stock valued at $39,000 after acquiring an additional 142 shares during the period. Tradewinds Capital Management LLC bought a new position in shares of Garmin in the 3rd quarter valued at about $44,000. SJS Investment Consulting Inc. grew its position in shares of 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 acquiring an additional 199 shares during the period. Finally, Mascoma Wealth Management LLC bought a new position in shares of Garmin in the 3rd quarter valued at about $54,000. Institutional investors own 81.60% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on GRMN shares. JPMorgan Chase & Co. lifted their target price on shares of Garmin from $250.00 to $265.00 and gave the stock a "neutral" rating in a report on Thursday, February 19th. Tigress Financial lifted their target price on shares of Garmin from $310.00 to $320.00 and gave the stock a "strong-buy" rating in a 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. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Garmin in a report on Thursday, January 22nd. Finally, Barclays set a $240.00 target price on shares of Garmin in a report on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $254.00.

Garmin Stock Up 1.9%

Shares of Garmin stock opened at $261.83 on Tuesday. Garmin Ltd. has a twelve month low of $178.74 and a twelve month high of $262.59. The company has a 50-day simple moving average of $234.69 and a two-hundred day simple moving average of $222.25. The stock has a market capitalization of $50.40 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 3.08 and a beta of 0.96.

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 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 business had revenue of $2.12 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same quarter in the previous year, the company earned $2.41 EPS. The business's revenue 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, sell-side analysts anticipate that Garmin Ltd. will post 7.8 earnings per share for the current fiscal year.

Garmin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 26th. Shareholders of record on Friday, March 12th will be paid a $1.05 dividend. The ex-dividend date is Friday, March 12th. This represents a $4.20 annualized dividend and a yield of 1.6%. Garmin's payout ratio is 48.84%.

Insiders Place Their Bets

In other Garmin news, EVP Matthew Munn sold 5,275 shares of Garmin stock in a transaction dated Thursday, February 26th. The shares were 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 in the company, valued at $2,478,579.72. The trade was a 34.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Susan Lyman sold 3,805 shares of Garmin stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $251.32, for a total transaction of $956,272.60. Following the completion of the sale, the vice president owned 7,471 shares of the company's stock, valued at $1,877,611.72. This trade represents a 33.74% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 40,725 shares of company stock worth $10,213,222. 15.38% of the stock is currently owned by insiders.

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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