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

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

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

Qnity Electronics Stock Performance

Shares of NYSE Q opened at $148.88 on Tuesday. Qnity Electronics, Inc. has a fifty-two week low of $70.50 and a fifty-two week high of $171.52. The company has a market cap of $31.17 billion and a PE ratio of 81.36. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.57 and a current ratio of 2.12. The company has a 50-day simple moving average of $129.54.

Qnity Electronics (NYSE:Q) last posted its earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, topping the consensus estimate of $0.92 by $0.16. The firm 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. On average, sell-side analysts predict that Qnity Electronics, Inc. will post 4.08 EPS for the current year.

Qnity Electronics Announces Dividend

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 given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is currently 17.49%.

Analysts Set New Price Targets

Q has been the topic of several recent research reports. KeyCorp raised their price target on shares of Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $165.00 price target on shares of Qnity Electronics in a research report on Wednesday, May 13th. Royal Bank Of Canada raised their price target on shares of Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Mizuho raised their price target on shares of Qnity Electronics from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $180.00 price target on shares of Qnity Electronics in a research report on Wednesday, May 13th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $151.33.

About Qnity Electronics