Holderness Investments Co. Purchases Shares of 4,742 Qnity Electronics, Inc. $Q

Holderness Investments Co. purchased a new stake in shares of Qnity Electronics, Inc. (NYSE:Q) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 4,742 shares of the premier technology solutions leader’s stock, valued at approximately $387,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Moisand Fitzgerald Tamayo LLC acquired a new position in Qnity Electronics during the fourth quarter valued at approximately $25,000. Dunhill Financial LLC acquired a new position in Qnity Electronics during the fourth quarter valued at approximately $25,000. Armstrong Advisory Group Inc. acquired a new position in Qnity Electronics during the fourth quarter valued at approximately $26,000. Motco acquired a new position in Qnity Electronics during the fourth quarter valued at approximately $27,000. Finally, Provenance Wealth Advisors LLC acquired a new position in Qnity Electronics during the fourth quarter valued at approximately $27,000.

Analysts Set New Price Targets

Q has been the topic of several analyst reports. KeyCorp increased their price target on Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Deutsche Bank Aktiengesellschaft set a $180.00 price target on Qnity Electronics in a research report on Wednesday, May 13th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $165.00 price target on shares of Qnity Electronics in a research report on Wednesday, May 13th. Zacks Research downgraded Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued 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 MarketBeat, Qnity Electronics currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.33.

Qnity Electronics Stock Performance

Shares of NYSE Q opened at $155.90 on Friday. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $137.41 and its two-hundred day moving average is $110.00. The company has a market cap of $32.64 billion and a P/E ratio of 53.57. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $171.52.

Qnity Electronics (NYSE:Q) last issued its quarterly earnings results 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 business had revenue of $1.32 billion during the quarter. The company’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. On average, equities analysts expect that Qnity Electronics, Inc. will post 4.08 EPS for the current year.

Qnity Electronics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given 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 currently 11.00%.

Qnity Electronics Profile