Strs Ohio boosted its stake in Qnity Electronics, Inc. (NYSE:Q – Free Report) by 7.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 287,406 shares of the premier technology solutions leader’s stock after purchasing an additional 20,093 shares during the quarter. Strs Ohio’s holdings in Qnity Electronics were worth $33,161,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. acquired a new position in shares of Qnity Electronics in the 4th quarter valued at $2,226,626,000. State Street Corp purchased a new stake in shares of Qnity Electronics during the 4th quarter valued at $728,894,000. Geode Capital Management LLC acquired a new stake in shares of Qnity Electronics during the 4th quarter worth $435,786,000. Invesco Ltd. acquired a new stake in shares of Qnity Electronics during the 4th quarter worth $385,057,000. Finally, Franklin Resources Inc. purchased a new position in shares of Qnity Electronics in the 4th quarter worth $287,519,000.
Qnity Electronics Stock Performance
Shares of Q stock opened at $141.82 on Friday. The company has a current ratio of 2.12, a quick ratio of 1.57 and a debt-to-equity ratio of 0.54. The company has a market cap of $29.69 billion and a PE ratio of 48.74. The company’s fifty day simple moving average is $153.37 and its 200-day simple moving average is $122.70. Qnity Electronics, Inc. has a 52 week low of $70.50 and a 52 week high of $177.28.
Qnity Electronics Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. Qnity Electronics’s dividend payout ratio is presently 11.00%.
Analyst Ratings Changes
A number of research analysts recently weighed in on Q shares. Royal Bank Of Canada lifted their target price on Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Weiss Ratings restated a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Zacks Research upgraded Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft set a $180.00 price objective on Qnity Electronics in a research note on Wednesday, May 13th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $165.00 target price on shares of Qnity Electronics in a report 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 issued a Hold rating to the stock. According to data from MarketBeat, Qnity Electronics presently has an average rating of “Buy” and an average target price of $152.44.
Check Out Our Latest Stock Analysis on Q
Qnity Electronics Profile
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