New York Life Investment Management LLC purchased a new position in shares of Qnity Electronics, Inc. (NYSE:Q – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 28,819 shares of the premier technology solutions leader’s stock, valued at approximately $2,353,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC purchased a new stake in Qnity Electronics in the 4th quarter valued at $769,000. Cohen Klingenstein LLC purchased a new position in Qnity Electronics during the 4th quarter worth $587,000. KBC Group NV purchased a new position in Qnity Electronics during the 4th quarter worth $12,189,000. Delta Capital Management LLC acquired a new position in Qnity Electronics in the fourth quarter valued at $1,141,000. Finally, PFG Investments LLC acquired a new position in Qnity Electronics in the fourth quarter valued at $831,000.
Qnity Electronics Stock Performance
Q stock opened at $148.88 on Tuesday. Qnity Electronics, Inc. has a one year low of $70.50 and a one year high of $171.52. The firm has a market cap of $31.17 billion and a PE ratio of 81.36. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57. The stock has a fifty day moving average price of $129.54.
Qnity Electronics Dividend Announcement
The firm 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. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, May 29th. Qnity Electronics’s payout ratio is currently 17.49%.
Analyst Ratings Changes
Several brokerages have recently weighed in on Q. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Mizuho boosted their price target on Qnity Electronics from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. KeyCorp upped their price objective on Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Deutsche Bank Aktiengesellschaft set a $180.00 price objective on Qnity Electronics in a research report on Wednesday, May 13th. Finally, Zacks Research lowered Qnity Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Qnity Electronics has an average rating of “Moderate Buy” and a consensus price target of $151.33.
Read Our Latest Stock Analysis on Q
Qnity Electronics Profile
Qnity Electronics is a company focused on electronics-related products and services, serving customers in the technology and industrial markets. Publicly available information about the company is limited, so only a broad description can be provided without making assumptions about its specific operations.
Based on the name and available details, Qnity Electronics appears to operate in the electronics sector, which may include the development, distribution, or support of components, systems, or related solutions used across commercial and industrial applications.
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