Essex Financial Services Inc. Takes $370,000 Position in Qnity Electronics, Inc. $Q

Essex Financial Services Inc. acquired a new stake in Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,529 shares of the premier technology solutions leader’s stock, valued at approximately $370,000.

Other institutional investors have also added to or reduced their stakes in the company. MUFG Securities EMEA plc acquired a new position in shares of Qnity Electronics during the 4th quarter worth $702,000. DT Investment Partners LLC acquired a new stake in Qnity Electronics in the fourth quarter valued at about $410,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Qnity Electronics in the fourth quarter valued at about $3,978,000. Welch & Forbes LLC bought a new position in Qnity Electronics in the fourth quarter valued at about $305,000. Finally, BNP Paribas Financial Markets acquired a new position in Qnity Electronics during the fourth quarter worth about $36,576,000.

Analysts Set New Price Targets

A number of research analysts have recently commented on Q shares. Zacks Research cut shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft set a $180.00 price objective on shares of Qnity Electronics in a research report on Wednesday, May 13th. 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. Mizuho upped their price target on shares of Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $165.00 price target on shares of Qnity Electronics in a research note on Wednesday, May 13th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $151.33.

Qnity Electronics Stock Performance

NYSE Q opened at $155.86 on Wednesday. The company has a market capitalization of $32.63 billion and a price-to-earnings ratio of 53.56. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54. Qnity Electronics, Inc. has a twelve month low of $70.50 and a twelve month high of $171.52. The stock has a fifty day simple moving average of $138.20 and a 200 day simple moving average of $110.48.

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

Qnity Electronics Dividend Announcement

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

Qnity Electronics Profile

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