Holderness Investments Co. Takes Position in Qnity Electronics, Inc. $Q

Holderness Investments Co. acquired a new stake in shares of Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,742 shares of the premier technology solutions leader’s stock, valued at approximately $387,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Qnity Electronics during the fourth quarter valued at approximately $25,000. Dunhill Financial LLC bought a new stake in shares of Qnity Electronics during the fourth quarter valued at approximately $25,000. Armstrong Advisory Group Inc. bought a new stake in shares of Qnity Electronics during the fourth quarter valued at approximately $26,000. Motco bought a new stake in shares of Qnity Electronics during the fourth quarter valued at approximately $27,000. Finally, Provenance Wealth Advisors LLC bought a new stake in shares of Qnity Electronics during the fourth quarter valued at approximately $27,000.

Qnity Electronics Price Performance

Shares of Q stock opened at $155.90 on Friday. The stock’s fifty day simple moving average is $137.41 and its 200 day simple moving average is $110.00. 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 firm has a market cap of $32.64 billion and a price-to-earnings ratio of 53.57. Qnity Electronics, Inc. has a one year low of $70.50 and a one year high of $171.52.

Qnity Electronics (NYSE:Q) last announced its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, beating the consensus estimate of $0.92 by $0.16. The company had revenue of $1.32 billion during the quarter. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. On average, analysts expect that Qnity Electronics, Inc. will post 4.08 earnings per share for the current fiscal year.

Qnity Electronics Announces Dividend

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 paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. Qnity Electronics’s payout ratio is currently 11.00%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Royal Bank Of Canada boosted their price objective on Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $180.00 price target on shares of Qnity Electronics in a research note on Wednesday, May 13th. KeyCorp boosted their price target on Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 price target on Qnity Electronics in a research note on Wednesday, May 13th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.33.

Qnity Electronics Profile