Signaturefd LLC Has $1.07 Million Stake in Garmin Ltd. (NYSE:GRMN)

Signaturefd LLC decreased its stake in shares of Garmin Ltd. (NYSE:GRMN) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,163 shares of the scientific and technical instruments company’s stock after selling 92 shares during the quarter. Signaturefd LLC’s holdings in Garmin were worth $1,065,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in Garmin in the 4th quarter valued at $26,000. Pinnacle Bancorp Inc. acquired a new stake in Garmin in the 4th quarter valued at $29,000. Larson Financial Group LLC grew its position in Garmin by 578.6% in the 3rd quarter. Larson Financial Group LLC now owns 190 shares of the scientific and technical instruments company’s stock valued at $33,000 after purchasing an additional 162 shares during the period. SOA Wealth Advisors LLC. acquired a new stake in Garmin in the 4th quarter valued at $37,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in Garmin in the 3rd quarter valued at $39,000. Institutional investors and hedge funds own 81.60% of the company’s stock.

Insider Transactions at Garmin

In related news, Director Matthew Munn sold 4,637 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $225.31, for a total value of $1,044,762.47. Following the sale, the director now directly owns 11,450 shares in the company, valued at approximately $2,579,799.50. The trade was a 28.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Susan Lyman sold 2,829 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $215.51, for a total value of $609,677.79. Following the completion of the sale, the vice president now owns 8,432 shares in the company, valued at $1,817,180.32. This represents a 25.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,103 shares of company stock worth $5,852,364 in the last ninety days. Company insiders own 19.54% of the company’s stock.

Analysts Set New Price Targets

GRMN has been the subject of several research reports. Tigress Financial lifted their price target on shares of Garmin from $265.00 to $285.00 and gave the company a “strong-buy” rating in a research report on Wednesday, February 26th. Barclays lifted their price target on shares of Garmin from $158.00 to $188.00 and gave the company an “underweight” rating in a research report on Thursday, February 20th. Morgan Stanley raised shares of Garmin to a “sell” rating and lifted their price target for the company from $164.00 to $171.00 in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Garmin from $219.00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $210.80.

Garmin Price Performance

GRMN opened at $206.47 on Wednesday. The company has a market capitalization of $39.73 billion, a price-to-earnings ratio of 28.25, a P/E/G ratio of 1.36 and a beta of 0.96. The firm’s fifty day moving average price is $217.05 and its two-hundred day moving average price is $201.23. Garmin Ltd. has a 1 year low of $138.86 and a 1 year high of $246.50.

Garmin (NYSE:GRMN) last released its earnings results on Wednesday, February 19th. The scientific and technical instruments company reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.51. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Garmin had a return on equity of 19.31% and a net margin of 22.42%. The business’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.72 EPS. As a group, equities analysts anticipate that Garmin Ltd. will post 7.8 EPS for the current year.

Garmin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Friday, March 13th. Garmin’s payout ratio is 41.04%.

Garmin Profile

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.