Marietta Investment Partners LLC bought a new stake in Qnity Electronics, Inc. (NYSE:Q – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,780 shares of the premier technology solutions leader’s stock, valued at approximately $309,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC acquired a new stake in Qnity Electronics in the 4th quarter valued at approximately $25,000. Dunhill Financial LLC acquired a new stake in Qnity Electronics in the 4th quarter valued at approximately $25,000. Armstrong Advisory Group Inc. acquired a new stake in Qnity Electronics in the 4th quarter valued at approximately $26,000. Provenance Wealth Advisors LLC acquired a new stake in Qnity Electronics in the 4th quarter valued at approximately $27,000. Finally, Motco acquired a new stake in Qnity Electronics in the 4th quarter valued at approximately $27,000.
Qnity Electronics Stock Performance
NYSE:Q opened at $155.37 on Thursday. The company has a fifty day simple moving average of $139.97 and a two-hundred day simple moving average of $111.42. The company has a market cap of $32.52 billion and a price-to-earnings ratio of 53.39. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54. Qnity Electronics, Inc. has a 52 week low of $70.50 and a 52 week high of $171.52.
Qnity Electronics Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, May 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Qnity Electronics’s payout ratio is presently 11.00%.
Wall Street Analyst Weigh In
Several analysts recently weighed in on Q shares. Mizuho lifted their target price on shares of Qnity Electronics from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. KeyCorp lifted their target price on shares of Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Royal Bank Of Canada lifted their target price on shares of Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $180.00 price target on shares of Qnity Electronics in a research note on Wednesday, May 13th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $165.00 price target on shares of Qnity Electronics in a research note on Wednesday, May 13th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $151.33.
Check Out Our Latest Stock Report on Q
About Qnity Electronics
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