Beaton Management Co. Inc. Buys Shares of 4,989 Qnity Electronics, Inc. $Q

Beaton Management Co. Inc. bought a new stake in shares of Qnity Electronics, Inc. (NYSE:Q) in the fourth quarter, Holdings Channel reports. The fund bought 4,989 shares of the premier technology solutions leader’s stock, valued at approximately $407,000.

Other hedge funds have also added to or reduced their stakes in the company. Spinnaker Trust purchased a new position in shares of Qnity Electronics during the fourth quarter worth about $290,000. Root Financial Partners LLC purchased a new position in shares of Qnity Electronics during the fourth quarter worth about $44,000. ESL Trust Services LLC purchased a new position in shares of Qnity Electronics during the fourth quarter worth about $50,000. One Capital Management LLC purchased a new position in shares of Qnity Electronics during the fourth quarter worth about $9,641,000. Finally, Gifford Fong Associates purchased a new position in shares of Qnity Electronics during the fourth quarter worth about $190,000.

Qnity Electronics Stock Performance

Shares of Q stock opened at $151.72 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.57 and a current ratio of 2.12. Qnity Electronics, Inc. has a fifty-two week low of $70.50 and a fifty-two week high of $171.52. The stock has a 50 day moving average price of $138.20 and a two-hundred day moving average price of $110.48. The company has a market capitalization of $31.76 billion and a P/E ratio of 52.14.

Qnity Electronics (NYSE:Q) last announced its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.16. The company had revenue of $1.32 billion during the quarter. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. Analysts expect that Qnity Electronics, Inc. will post 4.08 earnings per share for the current year.

Qnity Electronics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, May 29th. Qnity Electronics’s dividend payout ratio is currently 11.00%.

Analysts Set New Price Targets

A number of research firms recently weighed in on Q. KeyCorp boosted their target price on Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. BMO Capital Markets restated an “outperform” rating and issued a $180.00 target price on shares of Qnity Electronics in a research report on Wednesday, May 13th. Zacks Research downgraded Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft set a $180.00 target price on Qnity Electronics in a research report on Wednesday, May 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Qnity Electronics has an average rating of “Moderate Buy” and a consensus price target of $151.33.

Qnity Electronics Company Profile

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.