Garmin Ltd. $GRMN Shares Sold by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. lessened its stake in Garmin Ltd. (NYSE:GRMN - Free Report) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 213,435 shares of the scientific and technical instruments company's stock after selling 12,180 shares during the quarter. Bowen Hanes & Co. Inc. owned about 0.11% of Garmin worth $52,552,000 at the end of the most recent reporting period.

• Garmin Jumps on Guidance, Then Doubles Down on Buybacks and a Bigger Dividend

A number of other hedge funds also recently made changes to their positions in the company. Quaker Wealth Management LLC boosted its stake in shares of Garmin by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 132 shares of the scientific and technical instruments company's stock valued at $28,000 after purchasing an additional 264 shares during the period. Richardson Financial Services Inc. lifted its holdings in 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 worth $33,000 after buying an additional 51 shares in the last quarter. Cornerstone Planning Group LLC boosted its position in 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 buying an additional 142 shares during the last quarter. Tradewinds Capital Management LLC acquired a new stake in shares of Garmin during the third quarter valued at about $44,000. Finally, Newbridge Financial Services Group Inc. increased its position in shares of Garmin by 96.9% during the second quarter. Newbridge Financial Services Group Inc. now owns 250 shares of the scientific and technical instruments company's stock worth $52,000 after acquiring an additional 123 shares during the last quarter. Hedge funds and other institutional investors own 81.60% of the company's stock.

Key Headlines Impacting Garmin

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Q4 results beat expectations — Garmin reported record Q4 revenue (~$2.12B) and pro forma EPS of $2.79, with strong double‑digit growth in Fitness, Aviation and Marine; management issued above‑consensus FY‑2026 guidance. Garmin's Q4 Earnings Surpass Estimates
• Positive Sentiment: Capital returns boosted — company proposed a ~17% raise to the quarterly dividend and authorized a new $500M share‑repurchase program, improving shareholder yield and reducing float. Garmin Jumps on Guidance, Then Doubles Down on Buybacks and a Bigger Dividend
• Positive Sentiment: Upgrades and positive coverage — Zacks moved Garmin to a Rank #2 (Buy) and several outlets highlighted the company as a steady-growth name, supporting near‑term demand for the shares. All You Need to Know About Garmin (GRMN) Rating Upgrade to Buy
• Positive Sentiment: Additional analyst support — Morgan Stanley and other outlets published upgrades/comments after the results, and JPMorgan raised its price target (to $265), adding institutional credibility. Morgan Stanley upgrades Garmin (GRMN)
• Neutral Sentiment: Valuation considerations — coverage notes that Garmin now trades at a premium to the market (~mid‑20s P/E) after the move; some analysts still stress valuation even as growth outlook improves. Assessing Garmin (GRMN) Valuation After Earnings
• Negative Sentiment: Insider selling noted — data aggregators show insider sales in recent months, which some investors watch as a cautionary signal even amid strong company results. QuiverQuant analysis & insider activity

Analyst Ratings Changes

• HSAs for Gym Memberships? These 3 Fitness Stocks Could Soar

A number of research analysts recently commented on the company. Morgan Stanley increased their price target on Garmin from $193.00 to $195.00 and gave the company an "underweight" rating in a report on Thursday, October 30th. Longbow Research upgraded 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 shares of Garmin in a research report on Thursday. Tigress Financial upped their price target on shares of Garmin from $310.00 to $320.00 and gave the company a "strong-buy" rating in a report on Friday. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Garmin in a report on Thursday, January 22nd. One investment analyst has 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's stock. Based on data from MarketBeat.com, Garmin presently has an average rating of "Moderate Buy" and a consensus target price of $254.00.

View Our Latest Report on GRMN

Garmin Trading Up 3.7%

• Garmin’s Growth Signals Wearables Surge: Stocks to Watch

GRMN stock opened at $248.65 on Friday. The stock's 50 day simple moving average is $208.76 and its 200 day simple moving average is $220.57. Garmin Ltd. has a 12-month low of $169.26 and a 12-month high of $261.69. The firm has a market cap of $47.86 billion, a P/E ratio of 28.91, a P/E/G ratio of 2.43 and a beta of 1.00.

Garmin (NYSE:GRMN - Get Free Report) last released its earnings results on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.40. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.01 billion. Garmin had a net margin of 22.96% and a return on equity of 19.64%. The firm's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.41 earnings per share. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. On average, research analysts forecast that Garmin Ltd. will post 7.8 EPS for the current fiscal year.

Garmin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 26th. Shareholders of record on Friday, March 12th will be issued 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 1.7%. Garmin's dividend payout ratio (DPR) is currently 41.86%.

Insider Buying and Selling

In other news, COO Patrick Desbois sold 3,678 shares of the company's stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $210.40, for a total transaction of $773,851.20. Following the completion of the transaction, the chief operating officer directly owned 61,798 shares of the company's stock, valued at approximately $13,002,299.20. This represents a 5.62% 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 the SEC website. Also, CFO Douglas G. Boessen sold 2,485 shares of the firm's stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $206.26, for a total value of $512,556.10. Following the completion of the sale, the chief financial officer directly owned 28,916 shares in the company, valued at approximately $5,964,214.16. This trade represents a 7.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 18,144 shares of company stock valued at $3,798,628. 15.38% of the stock is currently owned by insiders.

Garmin 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.

Featured Articles

• Five stocks we like better than Garmin
• ~$1.5T SpaceX IPO: Pre-IPO Opportunity
• Gold $5,000: The 2026 Gold & Silver Summit is LIVE March 4
• How a Family Trust May Be Able To Help Preserve Your Wealth
• This makes me furious
• Elon Musk: This Could Turn $100 into $100,000

Want to see what other hedge funds are holding GRMN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Garmin Ltd. (NYSE:GRMN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Garmin Right Now?

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 Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here