Aull & Monroe Investment Management Corp Decreases Position in Seagate Technology Holdings PLC $STX

Key Points

• Aull & Monroe Investment Management Corp has reduced its stake in Seagate Technology by 21.1% during Q2, now holding 11,570 shares worth approximately $1.67 million.
• Institutional investors own 92.87% of Seagate Technology shares, with other firms also increasing their stakes significantly during the same quarter.
• The company recently declared a quarterly dividend of $0.72 per share, representing an annualized rate of $2.88 and a yield of 1.3%.

Aull & Monroe Investment Management Corp cut its stake in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 21.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,570 shares of the data storage provider's stock after selling 3,100 shares during the quarter. Aull & Monroe Investment Management Corp's holdings in Seagate Technology were worth $1,670,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Seagate Technology in the 2nd quarter valued at about $45,955,000. Chevy Chase Trust Holdings LLC lifted its stake in Seagate Technology by 1.0% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 112,092 shares of the data storage provider's stock valued at $16,178,000 after buying an additional 1,061 shares in the last quarter. Private Trust Co. NA lifted its stake in Seagate Technology by 72.8% in the 2nd quarter. Private Trust Co. NA now owns 1,643 shares of the data storage provider's stock valued at $237,000 after buying an additional 692 shares in the last quarter. Angeles Wealth Management LLC lifted its stake in Seagate Technology by 2.2% in the 2nd quarter. Angeles Wealth Management LLC now owns 3,485 shares of the data storage provider's stock valued at $503,000 after buying an additional 76 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in Seagate Technology by 18.0% in the 2nd quarter. Nordea Investment Management AB now owns 18,422 shares of the data storage provider's stock worth $2,632,000 after purchasing an additional 2,808 shares in the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $249.90, for a total value of $4,998,000.00. Following the sale, the chief executive officer owned 485,668 shares of the company's stock, valued at $121,368,433.20. The trade was a 3.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jay L. Geldmacher sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $150.50, for a total value of $376,250.00. Following the completion of the sale, the director directly owned 352 shares in the company, valued at approximately $52,976. The trade was a 87.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,620 shares of company stock valued at $14,464,056 over the last quarter. 0.79% of the stock is owned by corporate insiders.

Seagate Technology Stock Performance

STX stock opened at $225.40 on Friday. The firm has a market cap of $48.00 billion, a PE ratio of 33.29, a PEG ratio of 1.01 and a beta of 1.63. The firm's 50 day moving average price is $198.09 and its 200-day moving average price is $145.45. Seagate Technology Holdings PLC has a one year low of $63.19 and a one year high of $264.83.

Seagate Technology (NASDAQ:STX - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The data storage provider reported $2.59 EPS for the quarter, beating the consensus estimate of $2.45 by $0.14. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.40 billion. Seagate Technology had a net margin of 16.15% and a negative return on equity of 169.60%. The business's revenue for the quarter was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.05 EPS. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. Equities research analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, September 30th. Seagate Technology's payout ratio is presently 42.54%.

Wall Street Analyst Weigh In

STX has been the topic of a number of research reports. UBS Group raised their target price on shares of Seagate Technology from $85.00 to $155.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Zacks Research raised shares of Seagate Technology from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 2nd. Bank of America raised their target price on shares of Seagate Technology from $215.00 to $255.00 and gave the stock a "buy" rating in a research note on Wednesday, September 24th. Wedbush raised their target price on shares of Seagate Technology from $175.00 to $260.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, Mizuho raised their target price on shares of Seagate Technology from $245.00 to $280.00 and gave the stock an "outperform" rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $229.40.

About Seagate Technology

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.

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