Marietta Investment Partners LLC bought a new position in shares of Qnity Electronics, Inc. (NYSE:Q – Free Report) in the fourth quarter, HoldingsChannel reports. The fund bought 3,780 shares of the premier technology solutions leader’s stock, valued at approximately $309,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of Q. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Qnity Electronics during the fourth quarter worth $25,000. Dunhill Financial LLC acquired a new position in shares of Qnity Electronics during the fourth quarter worth $25,000. Armstrong Advisory Group Inc. acquired a new position in shares of Qnity Electronics during the fourth quarter worth $26,000. Provenance Wealth Advisors LLC acquired a new position in shares of Qnity Electronics during the fourth quarter worth $27,000. Finally, Motco acquired a new position in shares of Qnity Electronics during the fourth quarter worth $27,000.
Qnity Electronics Price Performance
Shares of NYSE:Q opened at $155.37 on Thursday. The company has a 50-day simple moving average of $139.97 and a 200-day simple moving average of $111.42. Qnity Electronics, Inc. has a one year low of $70.50 and a one year high of $171.52. 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 stock has a market capitalization of $32.52 billion and a price-to-earnings ratio of 53.39.
Qnity Electronics Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend 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 recently weighed in on Q shares. Zacks Research cut shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. BMO Capital Markets reissued an “outperform” rating and issued a $180.00 price target on shares of Qnity Electronics in a research report on Wednesday, May 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. Royal Bank Of Canada boosted their price target on shares of Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 price target on shares of Qnity Electronics in a research report on Wednesday, May 13th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Qnity Electronics currently has an average rating of “Moderate Buy” and an average target price of $151.33.
Qnity Electronics Profile
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