Essex Bank Acquires Shares of 4,267 Qnity Electronics, Inc. $Q

Essex Bank acquired a new stake in shares of Qnity Electronics, Inc. (NYSE:Q) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,267 shares of the premier technology solutions leader’s stock, valued at approximately $348,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC bought a new stake in Qnity Electronics during the 4th quarter valued at about $25,000. Dunhill Financial LLC bought a new stake in shares of Qnity Electronics in the fourth quarter worth approximately $25,000. Armstrong Advisory Group Inc. bought a new stake in shares of Qnity Electronics in the fourth quarter worth approximately $26,000. Provenance Wealth Advisors LLC bought a new stake in shares of Qnity Electronics in the fourth quarter worth approximately $27,000. Finally, Stephens Consulting LLC bought a new stake in shares of Qnity Electronics in the fourth quarter worth approximately $30,000.

Qnity Electronics Stock Up 2.0%

Shares of Q stock opened at $143.41 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.95 and a quick ratio of 1.46. The company has a market capitalization of $30.06 billion and a price-to-earnings ratio of 78.37. The business has a 50 day moving average of $122.50. Qnity Electronics, Inc. has a 52 week low of $70.50 and a 52 week high of $146.67.

Qnity Electronics (NYSE:Q) last posted its quarterly earnings data on Thursday, February 26th. The premier technology solutions leader reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.18. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Qnity Electronics’s revenue for the quarter was up 8.1% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS. Analysts anticipate that Qnity Electronics, Inc. will post 3.78 earnings per share for the current year.

Qnity Electronics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is presently 17.49%.

Analyst Ratings Changes

A number of brokerages have recently commented on Q. Royal Bank Of Canada lifted their price target on shares of Qnity Electronics from $139.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Weiss Ratings began coverage on shares of Qnity Electronics in a research note on Thursday, January 22nd. They issued a “hold (c-)” rating for the company. KeyCorp lifted their price target on shares of Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Zacks Research lowered shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Mizuho set a $120.00 price target on shares of Qnity Electronics in a research note on Monday, February 23rd. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $123.29.

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.