Kentucky Trust Co Purchases New Shares in Garmin Ltd. (NYSE:GRMN)

Kentucky Trust Co purchased a new stake in shares of Garmin Ltd. (NYSE:GRMN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 200 shares of the scientific and technical instruments company’s stock, valued at approximately $41,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Geneos Wealth Management Inc. increased its holdings in 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 valued at $591,000 after purchasing an additional 49 shares in the last quarter. Curbstone Financial Management Corp boosted its position in Garmin by 1.3% in the 4th quarter. Curbstone Financial Management Corp now owns 3,886 shares of the scientific and technical instruments company’s stock valued at $802,000 after buying an additional 50 shares during the last quarter. HB Wealth Management LLC boosted its position in 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 valued at $788,000 after buying an additional 53 shares during the last quarter. Outlook Wealth Advisors LLC boosted its position in Garmin by 2.6% in the 4th quarter. Outlook Wealth Advisors LLC now owns 2,332 shares of the scientific and technical instruments company’s stock valued at $481,000 after buying an additional 58 shares during the last quarter. Finally, Sumitomo Life Insurance Co. boosted its position in Garmin by 0.9% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 6,686 shares of the scientific and technical instruments company’s stock valued at $1,177,000 after buying an additional 61 shares during the last quarter. 81.60% of the stock is owned by institutional investors and hedge funds.

Garmin Stock Down 0.9 %

NYSE:GRMN opened at $209.57 on Thursday. Garmin Ltd. has a 12-month low of $120.06 and a 12-month high of $223.33. The firm has a market capitalization of $40.24 billion, a P/E ratio of 26.60, a P/E/G ratio of 1.33 and a beta of 0.98. The stock’s fifty day simple moving average is $213.14 and its 200-day simple moving average is $193.14.

Analysts Set New Price Targets

GRMN has been the topic of a number of recent research reports. Tigress Financial increased their price objective on Garmin from $215.00 to $265.00 and gave the company a “strong-buy” rating in a research report on Monday, December 16th. Barclays increased their price objective on Garmin from $133.00 to $158.00 and gave the company an “underweight” rating in a research report on Friday, November 1st. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Garmin presently has a consensus rating of “Hold” and an average price target of $171.00.

Insider Transactions at Garmin

In other Garmin news, CFO Douglas G. Boessen sold 1,761 shares of Garmin stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $207.99, for a total transaction of $366,270.39. Following the transaction, the chief financial officer now directly owns 27,612 shares in the company, valued at approximately $5,743,019.88. The trade was a 6.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 19.54% of the stock is owned by corporate insiders.

Garmin Company 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.