Royal Bank of Canada Has $92.81 Million Holdings in Garmin Ltd. $GRMN

01 Aug 2026, 08:42 by Scott Moore · The Cerbat Gem

Royal Bank of Canada raised its holdings in Garmin Ltd. (NYSE:GRMN – Free Report) by 2.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 400,031 shares of the scientific and technical instruments company’s stock after purchasing an additional 10,638 shares during the quarter. Royal Bank of Canada’s holdings in Garmin were worth $92,811,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. State Street Corp boosted its stake in shares of Garmin by 1.8% during the 3rd quarter. State Street Corp now owns 7,250,844 shares of the scientific and technical instruments company’s stock worth $1,785,304,000 after acquiring an additional 126,677 shares during the period. Norges Bank bought a new stake in Garmin in the 4th quarter valued at $395,234,000. Northern Trust Corp raised its stake in Garmin by 3.8% in the 4th quarter. Northern Trust Corp now owns 1,719,677 shares of the scientific and technical instruments company’s stock valued at $348,836,000 after acquiring an additional 63,283 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Garmin by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,631,843 shares of the scientific and technical instruments company’s stock valued at $378,540,000 after purchasing an additional 40,474 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN boosted its position in 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 owned by institutional investors and hedge funds.

Key Garmin News

Here are the key news stories impacting Garmin this week:

Positive Sentiment: Q2 beat and higher guidance: Garmin reported adjusted earnings of $2.81 per share, exceeding expectations of $2.30, while revenue increased 11.4% year over year to $2.02 billion. Growth was supported by strong demand for fitness products and advanced wearables. The company also raised its fiscal 2026 outlook, citing stronger margins and demand. Garmin Tops Q2 Earnings Estimates on Fitness Growth, Ups FY26 Guidance
Positive Sentiment: Momentum and breakout: Coverage highlighted Garmin’s earnings-driven breakout and its ability to deliver growth despite a premium valuation. The stock reached a new 52-week high following the earnings beat, indicating continued investor confidence in its product portfolio and operating performance. Garmin Stock Breaks Out On Second-Quarter Beat, Raised Outlook
Neutral Sentiment: Valuation debate: Analysts and financial commentary are weighing Garmin’s strong growth against a share price that may already reflect much of the improvement. This could make additional gains more dependent on continued earnings beats and guidance increases. Garmin Beats On Strong Demand, Is The Stock Now 12% Overvalued?
Negative Sentiment: Insider selling: CEO Clifton Pemble, Vice President Joshua Maxfield and Director Sean Biddlecombe sold Garmin shares worth approximately $1.21 million, $335,000 and $289,000, respectively. Each retained a substantial position, but the cluster of sales can create a modest sentiment headwind.
Negative Sentiment: Limited analyst upside: Morgan Stanley raised its price target to $289 from $249 but maintained an “equal weight” rating. The new target remains below the recent trading level, signaling that the firm views much of Garmin’s earnings optimism as already reflected in the stock.

Insider Activity

In other news, VP Joshua H. Maxfield sold 1,152 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $291.13, for a total transaction of $335,381.76. Following the transaction, the vice president directly owned 15,042 shares of the company’s stock, valued at approximately $4,379,177.46. This trade represents a 7.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph J. Hartnett sold 643 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $263.57, for a total transaction of $169,475.51. Following the transaction, the director directly owned 21,277 shares in the company, valued at $5,607,978.89. This represents a 2.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 8,810 shares of company stock worth $2,478,157. Insiders own 14.80% of the company’s stock.

Garmin Stock Performance

Shares of Garmin stock opened at $295.17 on Friday. The firm has a 50-day moving average of $243.03 and a 200-day moving average of $237.09. Garmin Ltd. has a 52-week low of $186.67 and a 52-week high of $304.00. The stock has a market cap of $56.92 billion, a PE ratio of 30.43, a PEG ratio of 3.42 and a beta of 0.90.

Garmin (NYSE:GRMN – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The scientific and technical instruments company reported $2.81 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.51. Garmin had a net margin of 24.47% and a return on equity of 20.95%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period last year, the firm earned $2.17 earnings per share. Garmin’s revenue for the quarter was up 11.4% compared to the same quarter last year. Garmin has set its FY 2026 guidance at 10.000-10.000 EPS. Equities research analysts predict that Garmin Ltd. will post 9.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Tigress Financial increased their price objective on shares of Garmin from $320.00 to $325.00 and gave the company a “strong-buy” rating in a research report on Wednesday, May 20th. Zacks Research downgraded shares of Garmin from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Wall Street Zen lowered shares of Garmin from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Barclays increased their price target on shares of Garmin from $238.00 to $297.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Garmin from $265.00 to $285.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Garmin has an average rating of “Moderate Buy” and an average target price of $289.20.

View Our Latest Stock Report on GRMN

Garmin Profile

(Free Report)

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.