Pinnacle Associates Ltd. Takes Position in Qnity Electronics, Inc. $Q

Pinnacle Associates Ltd. bought a new stake in Qnity Electronics, Inc. (NYSE:Q) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 17,423 shares of the premier technology solutions leader’s stock, valued at approximately $1,423,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of Q. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Qnity Electronics in the 4th quarter valued at about $25,000. Dunhill Financial LLC bought a new stake in shares of Qnity Electronics in the 4th quarter valued at about $25,000. Armstrong Advisory Group Inc. bought a new stake in shares of Qnity Electronics in the 4th quarter valued at about $26,000. Provenance Wealth Advisors LLC bought a new stake in shares of Qnity Electronics in the 4th quarter valued at about $27,000. Finally, Stephens Consulting LLC bought a new stake in shares of Qnity Electronics in the 4th quarter valued at about $30,000.

Qnity Electronics Price Performance

Q opened at $156.91 on Friday. The firm’s 50 day simple moving average is $128.88. The company has a market cap of $32.85 billion and a price-to-earnings ratio of 85.74. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.46. Qnity Electronics, Inc. has a one year low of $70.50 and a one year high of $171.52.

Qnity Electronics (NYSE:Q) last released its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.16. The business had revenue of $1.32 billion for the quarter. Qnity Electronics’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. As a group, sell-side analysts expect that Qnity Electronics, Inc. will post 4.08 EPS for the current fiscal year.

Qnity Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued 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 dividend payout ratio is 17.49%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets reissued an “outperform” rating and issued a $180.00 target price on shares of Qnity Electronics in a research note on Wednesday. Deutsche Bank Aktiengesellschaft set a $180.00 price target on Qnity Electronics in a research report on Wednesday. Mizuho upped 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. Royal Bank Of Canada upped their price target on Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, KeyCorp upped their price target on Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Eight investment 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 a consensus rating of “Moderate Buy” and a consensus price target of $151.33.

Qnity Electronics Profile