Wealth Enhancement Advisory Services LLC increased its stake in Garmin Ltd. (NYSE:GRMN - Free Report) by 46.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 89,715 shares of the scientific and technical instruments company's stock after acquiring an additional 28,543 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Garmin were worth $19,480,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in GRMN. Aster Capital Management DIFC Ltd lifted its stake in shares of Garmin by 864.3% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 135 shares of the scientific and technical instruments company's stock worth $28,000 after acquiring an additional 121 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of Garmin by 67.7% in the 4th quarter. Venturi Wealth Management LLC now owns 208 shares of the scientific and technical instruments company's stock valued at $43,000 after purchasing an additional 84 shares during the period. Investment Management Corp VA ADV bought a new stake in shares of Garmin during the 4th quarter valued at about $46,000. Measured Risk Portfolios Inc. acquired a new stake in Garmin during the fourth quarter worth approximately $47,000. Finally, Larson Financial Group LLC increased its holdings in Garmin by 26.8% in the fourth quarter. Larson Financial Group LLC now owns 241 shares of the scientific and technical instruments company's stock worth $50,000 after purchasing an additional 51 shares in the last quarter. 81.60% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Garmin
In other news, CEO Clifton A. Pemble sold 7,899 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $203.25, for a total value of $1,605,471.75. Following the completion of the sale, the chief executive officer now owns 141,626 shares in the company, valued at $28,785,484.50. This represents a 5.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 19.54% of the company's stock.
Garmin Trading Down 0.8%
Shares of GRMN traded down $1.54 during trading hours on Wednesday, reaching $203.54. The stock had a trading volume of 650,323 shares, compared to its average volume of 901,544. The firm has a 50-day simple moving average of $199.13 and a 200 day simple moving average of $207.24. Garmin Ltd. has a 12 month low of $158.90 and a 12 month high of $246.50. The company has a market capitalization of $39.19 billion, a price-to-earnings ratio of 26.78, a P/E/G ratio of 2.26 and a beta of 0.98.
Garmin (NYSE:GRMN - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The scientific and technical instruments company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.01). The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. Garmin had a return on equity of 19.21% and a net margin of 22.76%. The business's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.42 EPS. On average, equities analysts forecast that Garmin Ltd. will post 7.8 EPS for the current year.
Garmin Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 1.77%. Garmin's dividend payout ratio (DPR) is currently 47.37%.
Analysts Set New Price Targets
Several research firms have recently weighed in on GRMN. JPMorgan Chase & Co. lowered their price objective on shares of Garmin from $220.00 to $215.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Morgan Stanley lifted their price target on shares of Garmin from $159.00 to $172.00 and gave the company an "underweight" rating in a research note on Thursday, May 1st. Barclays dropped their price objective on shares of Garmin from $188.00 to $152.00 and set an "underweight" rating on the stock in a report on Wednesday, April 30th. Finally, Tigress Financial increased their price objective on shares of Garmin from $265.00 to $285.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, February 26th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Garmin presently has a consensus rating of "Hold" and an average target price of $206.00.
Check Out Our Latest Analysis on GRMN
About Garmin
(
Free Report)
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide. Its Fitness segment offers running and multi-sport watches; cycling products; smartwatch devices; scales and monitors; and fitness accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, an application development platform.
Further Reading

Before you consider Garmin, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Garmin wasn't on the list.
While Garmin currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.