Radnor Capital Management LLC Buys 170 Shares of Garmin Ltd. (NYSE:GRMN)

Radnor Capital Management LLC boosted its position in shares of Garmin Ltd. (NYSE:GRMN) by 2.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,067 shares of the scientific and technical instruments company’s stock after purchasing an additional 170 shares during the quarter. Radnor Capital Management LLC’s holdings in Garmin were worth $1,244,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Select Equity Group L.P. grew its holdings in shares of Garmin by 0.6% in the 2nd quarter. Select Equity Group L.P. now owns 2,006,563 shares of the scientific and technical instruments company’s stock valued at $326,909,000 after buying an additional 11,666 shares during the period. Dimensional Fund Advisors LP grew its stake in Garmin by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,735,623 shares of the scientific and technical instruments company’s stock valued at $282,761,000 after acquiring an additional 13,968 shares during the period. Boston Partners increased its holdings in shares of Garmin by 4.3% in the first quarter. Boston Partners now owns 1,416,130 shares of the scientific and technical instruments company’s stock worth $210,799,000 after acquiring an additional 58,343 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Garmin by 34.0% during the 2nd quarter. Marshall Wace LLP now owns 1,098,443 shares of the scientific and technical instruments company’s stock valued at $178,958,000 after purchasing an additional 278,990 shares in the last quarter. Finally, Captrust Financial Advisors increased its stake in Garmin by 20.2% during the 1st quarter. Captrust Financial Advisors now owns 839,537 shares of the scientific and technical instruments company’s stock worth $124,982,000 after purchasing an additional 141,001 shares in the last quarter. Institutional investors own 73.41% of the company’s stock.

Garmin Price Performance

Shares of NYSE GRMN opened at $209.67 on Thursday. The business has a 50-day moving average of $175.69 and a 200-day moving average of $169.15. The stock has a market capitalization of $40.26 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 3.22 and a beta of 0.97. Garmin Ltd. has a fifty-two week low of $114.49 and a fifty-two week high of $210.33.

Garmin (NYSE:GRMN) last released its earnings results on Wednesday, October 30th. The scientific and technical instruments company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.53. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Garmin had a net margin of 25.48% and a return on equity of 17.99%. The firm’s revenue was up 24.1% on a year-over-year basis. During the same period last year, the business earned $1.41 earnings per share. On average, sell-side analysts expect that Garmin Ltd. will post 6.52 EPS for the current year.

Insider Activity at Garmin

In other Garmin news, insider Cheng-Wei Wang sold 10,055 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $177.16, for a total value of $1,781,343.80. Following the sale, the insider now owns 40,965 shares in the company, valued at $7,257,359.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Garmin news, insider Cheng-Wei Wang sold 10,055 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $177.16, for a total transaction of $1,781,343.80. Following the completion of the sale, the insider now directly owns 40,965 shares in the company, valued at $7,257,359.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Philip Straub sold 2,750 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $181.46, for a total value of $499,015.00. Following the completion of the transaction, the director now directly owns 88,622 shares in the company, valued at $16,081,348.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,892 shares of company stock worth $2,296,174. Insiders own 19.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GRMN. StockNews.com downgraded shares of Garmin from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. Barclays increased their target price on Garmin from $133.00 to $158.00 and gave the stock an “underweight” rating in a report on Friday, November 1st. Tigress Financial boosted their price target on Garmin from $210.00 to $215.00 and gave the company a “strong-buy” rating in a report on Thursday, September 19th. Finally, Morgan Stanley downgraded Garmin from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $155.00 to $138.00 in a report on Monday, October 7th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $162.67.

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.