Clearline Capital LP Makes New Investment in Qnity Electronics, Inc. $Q

Clearline Capital LP bought a new position in Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 23,312 shares of the premier technology solutions leader’s stock, valued at approximately $1,903,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in Q. Vanguard Group Inc. bought a new stake in Qnity Electronics in the 4th quarter worth approximately $2,226,626,000. State Street Corp bought a new position in shares of Qnity Electronics during the 4th quarter valued at approximately $728,894,000. Geode Capital Management LLC bought a new position in shares of Qnity Electronics during the 4th quarter valued at approximately $435,786,000. Franklin Resources Inc. bought a new position in shares of Qnity Electronics during the 4th quarter valued at approximately $287,519,000. Finally, Morgan Stanley bought a new position in shares of Qnity Electronics during the 4th quarter valued at approximately $261,729,000.

Analyst Ratings Changes

Q has been the subject of a number of research reports. BMO Capital Markets reiterated an “outperform” rating and set a $180.00 target price on shares of Qnity Electronics in a research report on Wednesday, May 13th. Royal Bank Of Canada increased their target price on Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Zacks Research downgraded Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $165.00 target price on shares of Qnity Electronics in a research report on Wednesday, May 13th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $151.33.

Qnity Electronics Stock Up 2.8%

Shares of Q opened at $156.49 on Thursday. The company has a market cap of $32.76 billion and a PE ratio of 53.78. The business has a fifty day moving average of $146.76 and a 200 day moving average of $116.42. 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 issued its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.16. The company had revenue of $1.32 billion during the quarter. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. On average, sell-side analysts expect that Qnity Electronics, Inc. will post 4.08 EPS for the current year.

Qnity Electronics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a $0.08 dividend. The ex-dividend date was 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 currently 11.00%.

Qnity Electronics Profile