Howe & Rusling Inc. bought a new stake in shares of Qnity Electronics, Inc. (NYSE:Q – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,214 shares of the premier technology solutions leader’s stock, valued at approximately $717,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Qnity Electronics during the 4th quarter worth $25,000. Dunhill Financial LLC purchased a new stake in shares of Qnity Electronics in the 4th quarter worth $25,000. Armstrong Advisory Group Inc. bought a new position in Qnity Electronics in the 4th quarter worth $26,000. Motco bought a new position in Qnity Electronics in the 4th quarter worth $27,000. Finally, Provenance Wealth Advisors LLC purchased a new position in Qnity Electronics during the fourth quarter valued at $27,000.
Analysts Set New Price Targets
A number of analysts have commented on the company. Mizuho upped their price target on Qnity Electronics from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. Zacks Research upgraded Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. BMO Capital Markets reissued an “outperform” rating and issued a $180.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $165.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $152.44.
Qnity Electronics Trading Up 0.1%
Shares of Qnity Electronics stock opened at $141.82 on Monday. The company has a market capitalization of $29.69 billion and a P/E ratio of 48.74. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.57 and a current ratio of 2.12. The company has a fifty day moving average of $153.37 and a 200 day moving average of $123.03. Qnity Electronics, Inc. has a fifty-two week low of $70.50 and a fifty-two week high of $177.28.
Qnity Electronics (NYSE:Q – Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.16. The business had revenue of $1.31 billion during the quarter. The firm’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. On average, sell-side analysts anticipate that Qnity Electronics, Inc. will post 4.08 earnings per share for the current fiscal year.
Qnity Electronics Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Qnity Electronics’s dividend payout ratio is 11.00%.
About Qnity Electronics
I couldn’t find enough reliable information about Qnity Electronics (NYSE:Q) to write an accurate company description. To avoid providing potentially incorrect details, I’m unable to summarize its business activities, products, or services with confidence.
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