Oregon Public Employees Retirement Fund purchased a new position in Qnity Electronics, Inc. (NYSE:Q – Free Report) during the fourth quarter, Holdings Channel.com reports. The firm purchased 23,927 shares of the premier technology solutions leader’s stock, valued at approximately $1,954,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Qnity Electronics in the fourth quarter worth about $25,000. Dunhill Financial LLC acquired a new stake in shares of Qnity Electronics during the fourth quarter valued at approximately $25,000. Armstrong Advisory Group Inc. purchased a new stake in shares of Qnity Electronics in the 4th quarter valued at approximately $26,000. Provenance Wealth Advisors LLC purchased a new stake in shares of Qnity Electronics in the 4th quarter valued at approximately $27,000. Finally, Stephens Consulting LLC acquired a new position in Qnity Electronics in the 4th quarter worth approximately $30,000.
Qnity Electronics Stock Performance
Qnity Electronics stock opened at $156.91 on Friday. Qnity Electronics, Inc. has a twelve month low of $70.50 and a twelve month high of $171.52. The company has a current ratio of 2.12, a quick ratio of 1.46 and a debt-to-equity ratio of 0.54. The firm has a market cap of $32.85 billion and a price-to-earnings ratio of 85.74. The company has a 50 day moving average of $128.88.
Qnity Electronics Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a dividend of $0.08 per share. 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 dividend payout ratio (DPR) is presently 17.49%.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the stock. KeyCorp lifted their price objective on shares of Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on Qnity Electronics in a research report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. Zacks Research lowered Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Royal Bank Of Canada increased their price objective on Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $151.33.
Get Our Latest Analysis on Qnity Electronics
Qnity Electronics Company Profile
Qnity Electronics is a technology company focused on providing electronic components and related solutions for industrial and commercial applications. The company’s offerings are designed to support a range of end markets that require reliable performance, technical precision, and long product life cycles.
Its business appears to center on the design, development, and sale of electronics products used in systems where connectivity, control, or signal management are important. Like many companies in the electronics sector, Qnity Electronics may serve customers across multiple geographies and industries, though detailed public information about its exact product portfolio and market coverage was limited.
Because reliable, company-specific background information was not readily available, I’m unable to provide a more detailed description without risking inaccuracy.
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