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Seagate Technology PLC (NYSE:STX) announced a quarterly dividend on Thursday, July 17th, Analyst Ratings Network reports. Stockholders of record on Friday, August 8th will be paid a dividend of 0.43 per share on Friday, August 22nd. This represents a $1.72 annualized dividend and a dividend yield of 2.81%.

A number of analysts have recently weighed in on STX shares. Analysts at Susquehanna initiated coverage on shares of Seagate Technology PLC in a research note on Monday. They set a “positive” rating and a $75.00 price target on the stock. On a related note, analysts at Deutsche Bank raised their price target on shares of Seagate Technology PLC from $64.00 to $74.00 in a research note on Monday. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Seagate Technology PLC from $60.00 to $62.00 in a research note on Tuesday, July 8th. They now have an “outperform” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $61.37.

Shares of Seagate Technology PLC (NYSE:STX) traded down 2.95% during mid-day trading on Thursday, hitting $59.50. The stock had a trading volume of 3,382,100 shares. Seagate Technology PLC has a 52 week low of $37.17 and a 52 week high of $62.76. The stock has a 50-day moving average of $56.43 and a 200-day moving average of $54.22. The company has a market cap of $19.430 billion and a P/E ratio of 13.66.

Seagate Technology PLC (NYSE:STX) last issued its quarterly earnings data on Thursday, July 17th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.01. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the previous year, the company posted $1.20 earnings per share. On average, analysts predict that Seagate Technology PLC will post $5.05 earnings per share for the current fiscal year.

Seagate Technology plc (NYSE:STX) is the provider of electronic data storage products.

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