Handelsbanken Fonder AB Buys New Holdings in Qnity Electronics, Inc. $Q

Handelsbanken Fonder AB bought a new stake in Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 107,096 shares of the premier technology solutions leader’s stock, valued at approximately $8,744,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC acquired a new position in Qnity Electronics in the fourth quarter valued at $25,000. Dunhill Financial LLC acquired a new position in Qnity Electronics in the fourth quarter valued at $25,000. Armstrong Advisory Group Inc. acquired a new position in Qnity Electronics in the fourth quarter valued at $26,000. Provenance Wealth Advisors LLC acquired a new position in Qnity Electronics in the fourth quarter valued at $27,000. Finally, Stephens Consulting LLC acquired a new position in Qnity Electronics in the fourth quarter valued at $30,000.

Qnity Electronics Trading Down 0.2%

Q opened at $152.71 on Friday. The firm has a market capitalization of $31.97 billion and a P/E ratio of 52.48. The firm’s 50 day moving average is $131.79 and its 200-day moving average is $107.48. Qnity Electronics, Inc. has a 52-week low of $70.50 and a 52-week high of $171.52. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54.

Qnity Electronics (NYSE:Q) last posted its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.16. The firm had revenue of $1.32 billion for the quarter. The business’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. Analysts expect that Qnity Electronics, Inc. will post 4.08 EPS for the current fiscal year.

Qnity Electronics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid 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 (DPR) is currently 11.00%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $165.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on Qnity Electronics in a report on Wednesday, May 13th. Mizuho boosted their price objective on Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. KeyCorp upped their target price on Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $151.33.

Qnity Electronics Profile

Qnity Electronics is a provider of electronic components and related solutions for industrial and commercial applications. The company focuses on technologies and products used in the design, manufacturing, and operation of electronic systems, serving customers that need reliable performance and technical support across a range of end markets.

Its offerings are centered on electronics-oriented products and services that help support connectivity, control, and functionality in modern devices and equipment.