Meyer Handelman Co. Raises Holdings in Dell Technologies Inc. $DELL

Meyer Handelman Co. boosted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 6.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 69,273 shares of the technology company’s stock after buying an additional 4,487 shares during the quarter. Meyer Handelman Co.’s holdings in Dell Technologies were worth $9,821,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of DELL. Shikiar Asset Management Inc. acquired a new stake in Dell Technologies in the 3rd quarter valued at approximately $5,417,000. William Allan Corp grew its position in Dell Technologies by 47.6% in the 2nd quarter. William Allan Corp now owns 25,901 shares of the technology company’s stock valued at $3,175,000 after acquiring an additional 8,355 shares in the last quarter. Modera Wealth Management LLC purchased a new position in shares of Dell Technologies in the second quarter valued at approximately $241,000. WASHINGTON TRUST Co grew its holdings in shares of Dell Technologies by 11,037.8% in the second quarter. WASHINGTON TRUST Co now owns 88,100 shares of the technology company’s stock valued at $10,801,000 after purchasing an additional 87,309 shares in the last quarter. Finally, Symphony Financial Services Inc. acquired a new stake in Dell Technologies during the 2nd quarter worth approximately $275,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Insiders Place Their Bets

In related news, Director William D. Green sold 42,736 shares of the stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $160.00, for a total transaction of $6,837,760.00. Following the completion of the sale, the director owned 47,619 shares in the company, valued at $7,619,040. This represents a 47.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of Dell Technologies stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $161.48, for a total transaction of $80,739,838.52. The SEC filing for this sale provides additional information. In the last three months, insiders sold 2,287,379 shares of company stock valued at $345,319,592. 42.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on DELL shares. Sanford C. Bernstein increased their price objective on Dell Technologies from $175.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. TD Cowen increased their price objective on shares of Dell Technologies from $130.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, October 8th. Bank of America lifted their price objective on shares of Dell Technologies from $160.00 to $163.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Weiss Ratings reissued a “hold (c+)” rating on shares of Dell Technologies in a report on Wednesday, October 8th. Finally, Fox Advisors downgraded Dell Technologies from an “overweight” rating to an “equal weight” rating in a report on Friday, August 29th. Sixteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $162.84.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $129.22 on Friday. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $168.08. The firm has a market capitalization of $85.64 billion, a P/E ratio of 17.23, a P/E/G ratio of 0.86 and a beta of 1.03. The company’s fifty day moving average price is $138.64 and its 200 day moving average price is $133.37.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, November 25th. The technology company reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.12. Dell Technologies had a negative return on equity of 234.84% and a net margin of 5.01%.The company had revenue of $27.01 billion for the quarter, compared to analyst estimates of $27.26 billion. During the same quarter last year, the company posted $2.15 earnings per share. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. Dell Technologies has set its FY 2026 guidance at 9.920-9.920 EPS and its Q4 2026 guidance at 3.500-3.500 EPS. On average, sell-side analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Tuesday, January 20th will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, January 20th. This represents a $2.10 annualized dividend and a yield of 1.6%. Dell Technologies’s payout ratio is 28.00%.

Dell Technologies Company Profile

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.