Mesirow Financial Investment Management Inc. purchased a new stake in shares of Qnity Electronics, Inc. (NYSE:Q – Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,608 shares of the premier technology solutions leader’s stock, valued at approximately $376,000.
Several other hedge funds also recently bought and sold shares of Q. GAMMA Investing LLC purchased a new position in Qnity Electronics during the fourth quarter valued at approximately $461,000. Neville Rodie & Shaw Inc. bought a new position in shares of Qnity Electronics in the fourth quarter worth $526,000. Investors Research Corp bought a new position in shares of Qnity Electronics in the fourth quarter worth $102,000. Board of the Pension Protection Fund bought a new position in shares of Qnity Electronics in the fourth quarter worth $73,000. Finally, Canal Capital Management LLC bought a new position in shares of Qnity Electronics in the fourth quarter worth $331,000.
Qnity Electronics Stock Down 4.4%
Shares of NYSE Q opened at $156.91 on Friday. The company has a current ratio of 2.12, a quick ratio of 1.46 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. The business has a fifty day moving average price of $128.88. The stock has a market capitalization of $32.85 billion and a P/E ratio of 85.74.
Qnity Electronics Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $0.08 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.32 annualized dividend and a yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is 17.49%.
Analyst Ratings Changes
Several equities analysts recently commented on Q shares. BMO Capital Markets restated an “outperform” rating and set a $180.00 target price on shares of Qnity Electronics in a research report on Wednesday. Deutsche Bank Aktiengesellschaft set a $180.00 target price on Qnity Electronics in a research report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. The Goldman Sachs Group reiterated a “buy” rating and set a $165.00 target price on shares of Qnity Electronics in a research report on Wednesday. Finally, 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 research report on Wednesday. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $151.33.
Get Our Latest Stock Analysis on Q
About Qnity Electronics
Qnity Electronics is a specialty materials and technology company focused on serving the electronics industry. The company develops and supplies advanced materials used in semiconductor fabrication, circuit board manufacturing, and other high-performance electronic applications.
Its products and services are designed to support complex manufacturing processes that require precision, reliability, and consistent performance. Qnity Electronics serves customers across the electronics supply chain, including manufacturers that depend on specialty chemicals, materials, and process solutions to produce next-generation devices.
Publicly available information about the company’s history, geographic footprint, and leadership is limited.
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