Teamwork Financial Advisors LLC Has $889,000 Stake in Garmin Ltd. $GRMN

Key Points

• Teamwork Financial Advisors cut its Garmin stake by 92.8% in Q4, selling 56,738 shares and ending the quarter with 4,382 shares worth about $889,000.
• Significant insider selling occurred late February — CEO Clifton Pemble sold 19,914 shares and EVP Matthew Munn sold 5,275 shares — with insiders selling 44,403 shares (~$10.99M) in the past 90 days, though insiders still own 19.54% of the stock.
• Garmin beat Q4 estimates (EPS $2.79 vs $2.39, revenue $2.12B vs $2.01B), set FY2026 EPS guidance at 9.35, announced a $1.05 quarterly dividend ($4.20 annual, 1.8% yield), and carries a consensus analyst rating of "Moderate Buy" with a $254 target.

Teamwork Financial Advisors LLC trimmed its holdings in shares of Garmin Ltd. (NYSE:GRMN - Free Report) by 92.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,382 shares of the scientific and technical instruments company's stock after selling 56,738 shares during the period. Teamwork Financial Advisors LLC's holdings in Garmin were worth $889,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Richardson Financial Services Inc. raised its position in shares of 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 valued at $33,000 after acquiring an additional 51 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake 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 purchasing an additional 142 shares during the period. Tradewinds Capital Management LLC bought a new position in shares of Garmin in the 3rd quarter worth $44,000. Newbridge Financial Services Group Inc. boosted its position in shares of Garmin by 96.9% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 250 shares of the scientific and technical instruments company's stock worth $52,000 after purchasing an additional 123 shares during the last quarter. Finally, SJS Investment Consulting Inc. boosted 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 worth $52,000 after purchasing an additional 199 shares during the last quarter. 81.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GRMN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on Garmin from $250.00 to $265.00 and gave the company a "neutral" rating in a report on Thursday, February 19th. Weiss Ratings restated a "buy (b)" rating on shares of Garmin in a research report on Thursday, January 22nd. Zacks Research raised Garmin from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 23rd. Barclays set a $240.00 price target on shares of Garmin in a research report on Thursday, February 19th. Finally, Longbow Research raised shares of Garmin from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a research note on Wednesday, December 3rd. Two research 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 given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $254.00.

Insider Transactions at Garmin

In other Garmin news, EVP Matthew Munn sold 5,275 shares of the business's stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $250.97, for a total transaction of $1,323,866.75. Following the sale, the executive vice president directly owned 9,876 shares of the company's stock, valued at $2,478,579.72. The trade was a 34.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Clifton A. Pemble sold 19,914 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $31,214,788.50. This represents a 13.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 44,403 shares of company stock worth $10,987,074. 19.54% of the stock is owned by insiders.

Garmin Stock Performance

NYSE GRMN opened at $232.51 on Monday. The stock has a market capitalization of $44.75 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 2.78 and a beta of 0.94. The stock's 50 day moving average price is $223.62 and its two-hundred day moving average price is $221.69. Garmin Ltd. has a 52 week low of $169.26 and a 52 week high of $261.69.

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 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 company had revenue of $2.12 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same period last year, the business earned $2.41 EPS. The business's quarterly 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, equities research analysts forecast that Garmin Ltd. will post 7.8 EPS for the current year.

Garmin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 26th. Investors of record on Friday, March 12th will be given 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 1.8%. Garmin's dividend payout ratio (DPR) is 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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