Aull & Monroe Investment Management Corp Sells 200 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Aull & Monroe Investment Management Corp trimmed its position in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 1.4% in the fourth quarter, Holdings Channel reports. The fund owned 13,670 shares of the data storage provider’s stock after selling 200 shares during the quarter. Aull & Monroe Investment Management Corp’s holdings in Seagate Technology were worth $1,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in STX. US Bancorp DE lifted its stake in shares of Seagate Technology by 2.0% in the third quarter. US Bancorp DE now owns 17,508 shares of the data storage provider’s stock valued at $1,918,000 after buying an additional 335 shares during the period. Farther Finance Advisors LLC lifted its stake in Seagate Technology by 5.3% during the third quarter. Farther Finance Advisors LLC now owns 4,954 shares of the data storage provider’s stock worth $543,000 after purchasing an additional 250 shares during the period. Janney Montgomery Scott LLC lifted its stake in Seagate Technology by 13.9% during the third quarter. Janney Montgomery Scott LLC now owns 73,064 shares of the data storage provider’s stock worth $8,003,000 after purchasing an additional 8,944 shares during the period. QRG Capital Management Inc. lifted its stake in Seagate Technology by 1.8% during the third quarter. QRG Capital Management Inc. now owns 10,330 shares of the data storage provider’s stock worth $1,131,000 after purchasing an additional 183 shares during the period. Finally, Amalgamated Bank lifted its stake in Seagate Technology by 4.3% during the third quarter. Amalgamated Bank now owns 30,226 shares of the data storage provider’s stock worth $3,311,000 after purchasing an additional 1,235 shares during the period. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Down 1.8 %

Shares of STX stock opened at $92.43 on Thursday. The firm has a fifty day moving average of $96.37 and a 200-day moving average of $99.93. Seagate Technology Holdings plc has a 12-month low of $82.31 and a 12-month high of $115.32. The company has a market capitalization of $19.57 billion, a price-to-earnings ratio of 16.90 and a beta of 1.07.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Wednesday, March 19th. Seagate Technology’s dividend payout ratio is 52.65%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. StockNews.com cut shares of Seagate Technology from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Summit Insights raised Seagate Technology from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. The Goldman Sachs Group cut their price objective on Seagate Technology from $112.00 to $99.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Wells Fargo & Company decreased their price target on Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Finally, Barclays lifted their price objective on Seagate Technology from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Seagate Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.56.

Seagate Technology Profile

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.