Heritage Investors Management Corp cut its stake in Qnity Electronics, Inc. (NYSE:Q – Free Report) by 6.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 67,620 shares of the premier technology solutions leader’s stock after selling 5,045 shares during the quarter. Heritage Investors Management Corp’s holdings in Qnity Electronics were worth $7,802,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Patton Fund Management Inc. lifted its holdings in Qnity Electronics by 7.0% during the 1st quarter. Patton Fund Management Inc. now owns 2,812 shares of the premier technology solutions leader’s stock worth $324,000 after purchasing an additional 185 shares in the last quarter. Capital Asset Advisory Services LLC grew its holdings in Qnity Electronics by 3.8% during the 1st quarter. Capital Asset Advisory Services LLC now owns 5,755 shares of the premier technology solutions leader’s stock valued at $664,000 after buying an additional 213 shares in the last quarter. Essex Financial Services Inc. grew its holdings in Qnity Electronics by 6.0% during the 1st quarter. Essex Financial Services Inc. now owns 4,802 shares of the premier technology solutions leader’s stock valued at $554,000 after buying an additional 273 shares in the last quarter. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Qnity Electronics during the fourth quarter valued at about $25,000. Finally, Dunhill Financial LLC bought a new stake in shares of Qnity Electronics during the fourth quarter valued at about $25,000.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reissued a “buy” rating and issued a $165.00 price target on shares of Qnity Electronics in a report on Wednesday, May 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Royal Bank Of Canada upped their target price on shares of Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. BMO Capital Markets reiterated an “outperform” rating and issued a $180.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 price target on shares of Qnity Electronics in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $152.44.
Qnity Electronics Price Performance
Shares of NYSE Q opened at $141.82 on Friday. The firm has a market capitalization of $29.69 billion and a P/E ratio of 48.74. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54. The stock’s 50-day simple moving average is $153.32 and its two-hundred day simple moving average is $122.57. Qnity Electronics, Inc. has a twelve month low of $70.50 and a twelve month high of $177.28.
Qnity Electronics (NYSE:Q – Get Free Report) last released its quarterly earnings results 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 business had revenue of $1.31 billion during the quarter. The business’s 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. As a group, equities analysts anticipate that Qnity Electronics, Inc. will post 4.08 EPS for the current fiscal year.
Qnity Electronics Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Monday, August 31st. Qnity Electronics’s dividend payout ratio (DPR) is currently 11.00%.
Qnity Electronics Company Profile
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