Aberdeen Group plc Has $25.89 Million Position in Garmin Ltd. $GRMN

Aberdeen Group plc lowered its stake in shares of Garmin Ltd. (NYSE:GRMN) by 2.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,446 shares of the scientific and technical instruments company’s stock after selling 2,579 shares during the quarter. Aberdeen Group plc owned about 0.05% of Garmin worth $25,890,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Mather Group LLC. grew its stake in Garmin by 1.2% in the 3rd quarter. Mather Group LLC. now owns 3,749 shares of the scientific and technical instruments company’s stock valued at $923,000 after buying an additional 44 shares during the last quarter. Smith Moore & CO. lifted its position in Garmin by 4.3% during the 2nd quarter. Smith Moore & CO. now owns 1,151 shares of the scientific and technical instruments company’s stock worth $240,000 after acquiring an additional 47 shares during the last quarter. BSW Wealth Partners boosted its holdings in Garmin by 2.9% during the third quarter. BSW Wealth Partners now owns 1,724 shares of the scientific and technical instruments company’s stock valued at $425,000 after acquiring an additional 48 shares during the period. SYM FINANCIAL Corp grew its position in shares of Garmin by 4.0% in the third quarter. SYM FINANCIAL Corp now owns 1,294 shares of the scientific and technical instruments company’s stock valued at $319,000 after purchasing an additional 50 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC increased its stake in shares of Garmin by 0.6% in the third quarter. Alpine Woods Capital Investors LLC now owns 9,314 shares of the scientific and technical instruments company’s stock worth $2,293,000 after purchasing an additional 51 shares during the period. Institutional investors own 81.60% of the company’s stock.

Garmin News Roundup

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Analysts expect double-digit revenue growth for Q4 driven by fitness wearables, marine products and aviation systems — a catalyst for upside if guidance or margins beat. Garmin to Report Q4 Earnings: What’s in Store for the Stock?
• Positive Sentiment: Garmin introduced the Garmin Catalyst 2, a motorsports performance device—product expansion that can help drive incremental hardware sales in niche high-margin segments. Optimize time on the track with the cutting-edge Garmin Catalyst 2
• Positive Sentiment: Garmin launched the zūmo XT3 for motorcycles—another product refresh that supports sustained wearable/GPS hardware revenue. Lean into the ride on the open road or closed track with zūmo XT3 from Garmin
• Positive Sentiment: Brokerage consensus remains constructive overall with an average “Moderate Buy” rating, which supports demand if fundamentals stay on track. Garmin Ltd. Receives Average Recommendation of “Moderate Buy” from Brokerages
• Neutral Sentiment: Preview pieces note wearables strength but warn margins could be tested heading into earnings—mixed news that could mute upside if margin pressure appears. Garmin earnings on deck: Wearables strength faces margin test
• Negative Sentiment: Analysts have been cautious after underperformance versus the market over the past year, which could limit near-term multiple expansion absent a clear beat. Garmin Stock: Analyst Estimates & Ratings
• Negative Sentiment: Garmin CFO Douglas Boessen sold 479 shares (~1.65% reduction in his reported position), a disclosure that some investors view as a modest negative signal on insider confidence. SEC Filing: Insider Sale

Insider Activity

In other news, CEO Clifton A. Pemble sold 10,431 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $206.23, for a total value of $2,151,185.13. Following the completion of the transaction, the chief executive officer directly owned 135,180 shares of the company’s stock, valued at approximately $27,878,171.40. This represents a 7.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Patrick Desbois sold 3,678 shares of the firm’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 value of $773,851.20. Following the transaction, the chief operating officer owned 61,798 shares of the company’s stock, valued at $13,002,299.20. This trade represents a 5.62% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 17,073 shares of company stock worth $3,540,774. Corporate insiders own 15.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on GRMN shares. Morgan Stanley increased their target price on Garmin from $193.00 to $195.00 and gave the company an “underweight” rating in a research note on Thursday, October 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Garmin in a research report on Thursday, January 22nd. Longbow Research raised shares of Garmin from a “neutral” rating to a “buy” rating and set a $250.00 target price on the stock in a research report on Wednesday, December 3rd. Tigress Financial reiterated a “strong-buy” rating on shares of Garmin in a research note on Friday, December 19th. Finally, Barclays upgraded shares of Garmin from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $208.00 to $217.00 in a research report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Garmin has an average rating of “Moderate Buy” and a consensus price target of $244.40.

Garmin Price Performance

GRMN opened at $217.62 on Wednesday. The company has a market capitalization of $41.86 billion, a P/E ratio of 26.80, a P/E/G ratio of 2.27 and a beta of 1.00. The firm’s fifty day moving average price is $206.83 and its two-hundred day moving average price is $220.21. Garmin Ltd. has a fifty-two week low of $169.26 and a fifty-two week high of $261.69.

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.