Bahl & Gaynor Inc. Sells 310,725 Shares of Dell Technologies Inc. $DELL

Key Points

• Bahl & Gaynor Inc. has reduced its position in Dell Technologies by 19.4%, selling 310,725 shares and now owns approximately 1,294,523 shares valued at $117.996 million.
• Dell Technologies recently reported $1.55 earnings per share (EPS), missing the consensus estimate of $1.68, although its revenue of $23.38 billion exceeded expectations.
• The company announced a quarterly dividend of $0.525 per share, representing an annualized yield of 1.6% with a dividend payout ratio of 33.49%.

Bahl & Gaynor Inc. cut its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 19.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,294,523 shares of the technology company's stock after selling 310,725 shares during the period. Bahl & Gaynor Inc. owned approximately 0.19% of Dell Technologies worth $117,996,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Michael & Susan Dell Foundation bought a new position in shares of Dell Technologies in the 4th quarter valued at about $265,052,000. Janus Henderson Group PLC boosted its stake in shares of Dell Technologies by 160.5% during the 4th quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock worth $348,814,000 after acquiring an additional 1,865,013 shares during the period. Boston Partners boosted its stake in shares of Dell Technologies by 34.4% during the 1st quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock worth $466,418,000 after acquiring an additional 1,312,600 shares during the period. Vanguard Group Inc. increased its holdings in shares of Dell Technologies by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock worth $2,653,032,000 after acquiring an additional 1,145,658 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in Dell Technologies by 38.1% in the 1st quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company's stock valued at $377,508,000 after acquiring an additional 1,142,012 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DELL has been the subject of a number of research reports. KeyCorp initiated coverage on shares of Dell Technologies in a research note on Thursday, June 26th. They set a "sector weight" rating for the company. UBS Group cut their price objective on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Morgan Stanley upped their target price on Dell Technologies from $135.00 to $144.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Citigroup lifted their price target on Dell Technologies from $135.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Finally, Wall Street Zen lowered Dell Technologies from a "buy" rating to a "hold" rating in a report on Monday, July 14th. Sixteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $144.06.

Dell Technologies Price Performance

DELL traded up $0.01 during trading on Tuesday, hitting $131.02. 3,723,454 shares of the stock traded hands, compared to its average volume of 4,484,410. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $147.66. The business has a 50 day moving average price of $128.42 and a 200 day moving average price of $110.06. The company has a market cap of $88.94 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 0.91 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%.The business had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. During the same quarter in the prior year, the company earned $1.27 earnings per share. Dell Technologies's quarterly revenue was up 5.1% compared to the same quarter last year. Dell Technologies has set its Q2 2026 guidance at 2.250-2.25 EPS. FY 2026 guidance at 9.400-9.40 EPS. On average, equities research analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 22nd were paid a $0.525 dividend. The ex-dividend date of this dividend was Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.6%. Dell Technologies's dividend payout ratio is presently 33.49%.

Insider Transactions at Dell Technologies

In related news, Director William D. Green sold 50,000 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $140.00, for a total value of $7,000,000.00. Following the sale, the director directly owned 45,045 shares in the company, valued at $6,306,300. This represents a 52.61% 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, CEO Michael S. Dell sold 10,000,000 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the sale, the chief executive officer directly owned 25,912,241 shares of the company's stock, valued at $3,168,289,707.07. This represents a 27.85% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,989,063 shares of company stock valued at $1,583,673,412. Corporate insiders own 42.00% of the company's stock.

Dell Technologies Profile

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).