4,529 Shares in Qnity Electronics, Inc. $Q Bought by Essex Financial Services Inc.

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

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

Qnity Electronics Price Performance

Q stock opened at $155.86 on Wednesday. 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 business has a 50-day simple moving average of $138.20 and a two-hundred day simple moving average of $110.48. The company has a market capitalization of $32.63 billion and a P/E ratio of 53.56. Qnity Electronics, Inc. has a 52-week low of $70.50 and a 52-week high of $171.52.

Qnity Electronics (NYSE:Q) last issued its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, topping the consensus estimate of $0.92 by $0.16. The company had revenue of $1.32 billion during the quarter. Qnity Electronics’s quarterly revenue was up 17.6% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. Research analysts expect that Qnity Electronics, Inc. will post 4.08 EPS for the current fiscal year.

Qnity Electronics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given 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 Friday, May 29th. Qnity Electronics’s dividend payout ratio is presently 11.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $165.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. Zacks Research cut Qnity Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. KeyCorp lifted their price objective on shares of Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of Qnity Electronics in a research report on Wednesday, May 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Qnity Electronics currently has an average rating of “Moderate Buy” and an average target price of $151.33.

About Qnity Electronics

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