Great Lakes Advisors LLC Takes Position in Qnity Electronics, Inc. $Q

Great Lakes Advisors LLC purchased a new stake in Qnity Electronics, Inc. (NYSE:Q) in the fourth quarter, HoldingsChannel reports. The firm purchased 495,258 shares of the premier technology solutions leader’s stock, valued at approximately $40,438,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. 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. Motco bought a new stake in shares of Qnity Electronics in the 4th quarter valued at about $27,000. Finally, Provenance Wealth Advisors LLC bought a new stake in shares of Qnity Electronics in the 4th quarter valued at about $27,000.

Analyst Ratings Changes

Q has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft set a $180.00 target price on Qnity Electronics in a research note on Wednesday, May 13th. Zacks Research cut Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Mizuho increased their target price on Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $165.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Qnity Electronics presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.33.

Qnity Electronics Trading Up 7.0%

NYSE Q opened at $149.53 on Friday. The company has a market cap of $31.30 billion and a PE ratio of 51.39. The company has a current ratio of 2.12, a quick ratio of 1.57 and a debt-to-equity ratio of 0.54. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $171.52. The stock has a 50 day moving average of $143.76 and a 200-day moving average of $114.24.

Qnity Electronics (NYSE:Q) last released its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, beating the consensus estimate of $0.92 by $0.16. The company had revenue of $1.32 billion during the quarter. Qnity Electronics’s quarterly 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, equities research analysts anticipate 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 issued a $0.08 dividend. This represents a $0.32 annualized dividend 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 presently 11.00%.

Qnity Electronics Profile