Kimelman & Baird LLC Invests $378,000 in Qnity Electronics, Inc. $Q

Kimelman & Baird LLC purchased a new position in Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,634 shares of the premier technology solutions leader’s stock, valued at approximately $378,000.

Other large investors also recently modified their holdings of the company. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Qnity Electronics during the fourth quarter worth $25,000. Dunhill Financial LLC acquired a new stake in shares of Qnity Electronics during the fourth quarter worth $25,000. Armstrong Advisory Group Inc. acquired a new stake in Qnity Electronics during the 4th quarter worth about $26,000. Provenance Wealth Advisors LLC acquired a new stake in Qnity Electronics during the 4th quarter worth about $27,000. Finally, Stephens Consulting LLC acquired a new stake in Qnity Electronics during the 4th quarter worth about $30,000.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft set a $180.00 price target on Qnity Electronics in a report on Wednesday, May 13th. The Goldman Sachs Group reiterated a “buy” rating and set a $165.00 price target on shares of Qnity Electronics in a report on Wednesday, May 13th. Royal Bank Of Canada increased their price target on Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. KeyCorp increased their price target on Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $180.00 price target on shares of Qnity Electronics in a report on Wednesday, May 13th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $151.33.

Qnity Electronics Trading Down 5.3%

Shares of Qnity Electronics stock opened at $148.88 on Tuesday. The firm has a market cap of $31.17 billion and a P/E ratio of 81.36. The stock’s 50-day simple moving average is $129.54. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.57 and a current ratio of 2.12. Qnity Electronics, Inc. has a 1-year low of $70.50 and a 1-year high of $171.52.

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

Qnity Electronics Announces Dividend

The business 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. 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 is 17.49%.

Qnity Electronics Company Profile