Garmin Ltd. (NYSE:GRMN) Shares Bought by Trajan Wealth LLC

Trajan Wealth LLC boosted its holdings in Garmin Ltd. (NYSE:GRMN - Free Report) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 88,162 shares of the scientific and technical instruments company's stock after acquiring an additional 5,800 shares during the period. Trajan Wealth LLC's holdings in Garmin were worth $18,184,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GRMN. Geneos Wealth Management Inc. grew its holdings in shares of Garmin by 1.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,863 shares of the scientific and technical instruments company's stock worth $591,000 after purchasing an additional 49 shares during the period. Curbstone Financial Management Corp boosted its stake in Garmin by 1.3% during the fourth quarter. Curbstone Financial Management Corp now owns 3,886 shares of the scientific and technical instruments company's stock worth $802,000 after buying an additional 50 shares during the period. Larson Financial Group LLC increased its position in shares of Garmin by 26.8% during the fourth quarter. Larson Financial Group LLC now owns 241 shares of the scientific and technical instruments company's stock valued at $50,000 after acquiring an additional 51 shares during the last quarter. Addison Advisors LLC raised its stake in shares of Garmin by 11.1% in the 4th quarter. Addison Advisors LLC now owns 522 shares of the scientific and technical instruments company's stock valued at $108,000 after acquiring an additional 52 shares during the period. Finally, HB Wealth Management LLC lifted its holdings in shares of Garmin by 1.4% in the 4th quarter. HB Wealth Management LLC now owns 3,821 shares of the scientific and technical instruments company's stock worth $788,000 after acquiring an additional 53 shares during the last quarter. Institutional investors and hedge funds own 81.60% of the company's stock.

Garmin Stock Up 2.8 %

Garmin stock traded up $5.44 during trading on Thursday, reaching $199.27. The stock had a trading volume of 686,617 shares, compared to its average volume of 873,619. Garmin Ltd. has a 52-week low of $140.46 and a 52-week high of $246.50. The business has a 50 day moving average price of $207.81 and a 200 day moving average price of $204.95. The stock has a market cap of $38.34 billion, a PE ratio of 27.26, a P/E/G ratio of 1.36 and a beta of 0.92.

Garmin (NYSE:GRMN - Get Free Report) last posted its earnings results on Wednesday, February 19th. The scientific and technical instruments company reported $2.41 EPS for the quarter, beating the consensus estimate of $1.90 by $0.51. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.70 billion. Garmin had a return on equity of 19.31% and a net margin of 22.42%. Garmin's revenue for the quarter was up 22.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.72 earnings per share. On average, equities analysts predict that Garmin Ltd. will post 7.8 EPS for the current fiscal year.

Garmin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be paid a $0.90 dividend. The ex-dividend date is Friday, March 13th. This represents a $3.60 annualized dividend and a yield of 1.81%. Garmin's dividend payout ratio is presently 49.25%.

Analyst Upgrades and Downgrades

GRMN has been the topic of a number of research reports. Morgan Stanley upgraded Garmin to a "sell" rating and upped their price target for the stock from $164.00 to $171.00 in a research note on Tuesday, February 11th. Tigress Financial increased their target price on Garmin from $265.00 to $285.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. dropped their target price on Garmin from $260.00 to $220.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Finally, Barclays boosted their price target on shares of Garmin from $158.00 to $188.00 and gave the stock an "underweight" rating in a research note on Thursday, February 20th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $202.80.

Insiders Place Their Bets

In other Garmin news, CFO Douglas G. Boessen sold 2,763 shares of Garmin stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $226.55, for a total value of $625,957.65. Following the transaction, the chief financial officer now directly owns 30,936 shares in the company, valued at approximately $7,008,550.80. This trade represents a 8.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Clifton A. Pemble sold 7,202 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $227.14, for a total transaction of $1,635,862.28. Following the completion of the transaction, the chief executive officer now directly owns 149,525 shares in the company, valued at $33,963,108.50. This represents a 4.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,342 shares of company stock valued at $5,486,094. 19.54% of the stock is currently owned by insiders.

About Garmin

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.