180 Wealth Advisors LLC Has $218,000 Stake in Garmin Ltd. $GRMN

180 Wealth Advisors LLC trimmed its holdings in shares of Garmin Ltd. (NYSE:GRMN) by 74.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,072 shares of the scientific and technical instruments company’s stock after selling 3,099 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Garmin were worth $218,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of GRMN. Vanguard Group Inc. grew its holdings in Garmin by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 20,197,564 shares of the scientific and technical instruments company’s stock worth $4,973,044,000 after acquiring an additional 499,235 shares during the period. State Street Corp lifted its stake in shares of Garmin by 1.8% in the 3rd quarter. State Street Corp now owns 7,250,844 shares of the scientific and technical instruments company’s stock valued at $1,785,304,000 after purchasing an additional 126,677 shares during the period. Norges Bank acquired a new position in shares of Garmin in the 2nd quarter valued at $410,304,000. Dimensional Fund Advisors LP boosted its position in shares of Garmin by 1.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,494,519 shares of the scientific and technical instruments company’s stock worth $367,964,000 after purchasing an additional 16,622 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN grew its stake in shares of Garmin by 0.4% during the second quarter. Disciplined Growth Investors Inc. MN now owns 1,419,365 shares of the scientific and technical instruments company’s stock worth $296,250,000 after purchasing an additional 5,213 shares during the period. 81.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Garmin

In other news, COO Patrick Desbois sold 6,694 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $251.65, for a total value of $1,684,545.10. Following the sale, the chief operating officer directly owned 58,540 shares in the company, valued at $14,731,591. The trade was a 10.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Douglas G. Boessen sold 3,487 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $251.66, for a total value of $877,538.42. Following the transaction, the chief financial officer directly owned 28,049 shares of the company’s stock, valued at $7,058,811.34. This represents a 11.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 44,403 shares of company stock worth $10,987,074. Company insiders own 15.38% of the company’s stock.

Garmin Trading Up 1.5%

GRMN stock opened at $244.76 on Thursday. Garmin Ltd. has a 1-year low of $169.26 and a 1-year high of $261.69. The firm has a market cap of $47.11 billion, a PE ratio of 28.46, a P/E/G ratio of 2.89 and a beta of 0.94. The business’s 50-day moving average price is $225.37 and its two-hundred day moving average price is $221.88.

Garmin (NYSE:GRMN) last released its quarterly earnings results on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 EPS for the quarter, topping analysts’ consensus estimates 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 firm posted $2.41 earnings per share. Garmin’s 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. On average, analysts forecast that Garmin Ltd. will post 7.8 earnings per share for the current year.

Garmin Dividend Announcement

The business also recently disclosed 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. This represents a $4.20 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, March 12th. Garmin’s payout ratio is currently 41.86%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on GRMN shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Garmin in a report on Thursday, January 22nd. Barclays set a $240.00 target price on Garmin in a research report on Thursday, February 19th. JPMorgan Chase & Co. upped their price target on Garmin from $250.00 to $265.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Longbow Research upgraded shares of Garmin from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a research report on Wednesday, December 3rd. Finally, Zacks Research upgraded shares of Garmin from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $254.00.

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.