Shoker Investment Counsel Inc. bought a new stake in shares of Qnity Electronics, Inc. (NYSE:Q – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,113 shares of the premier technology solutions leader’s stock, valued at approximately $336,000.
Several other large investors have also bought and sold shares of the company. Bryn Mawr Trust Advisors LLC bought a new position in Qnity Electronics during the fourth quarter valued at about $2,721,000. Marco Investment Management LLC acquired a new position in shares of Qnity Electronics in the 4th quarter valued at $560,000. Plato Investment Management Ltd acquired a new position in shares of Qnity Electronics in the 4th quarter valued at $459,000. Midwest Trust Co acquired a new position in shares of Qnity Electronics in the 4th quarter valued at $602,000. Finally, LRI Investments LLC acquired a new position in shares of Qnity Electronics in the 4th quarter valued at $87,000.
Qnity Electronics Price Performance
Shares of Qnity Electronics stock opened at $147.24 on Monday. The firm has a market cap of $30.86 billion and a price-to-earnings ratio of 80.46. The company has a current ratio of 1.95, 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 $151.36. The firm’s 50-day moving average price is $124.47.
Qnity Electronics Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, May 29th. Qnity Electronics’s dividend payout ratio (DPR) is presently 17.49%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday. Royal Bank Of Canada raised their price objective on Qnity Electronics from $139.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $170.00 price objective on shares of Qnity Electronics in a research report on Thursday. Zacks Research lowered Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, KeyCorp lifted 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. Six 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 stock presently has an average rating of “Moderate Buy” and an average target price of $129.57.
View Our Latest Stock Report on Q
Qnity Electronics Profile
Qnity Electronics is a technology company focused on electronic components and related solutions used across a range of industrial and commercial applications. The company’s offerings are designed to support the performance, reliability, and integration needs of modern electronic systems.
Based on the information available, Qnity Electronics serves customers that require specialized electronic products and services, though detailed public information about its full product lineup, geographic footprint, and leadership is limited.
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