Clifford Swan Investment Counsel LLC Sells 20,561 Shares of Qnity Electronics, Inc. $Q

Clifford Swan Investment Counsel LLC trimmed its stake in Qnity Electronics, Inc. (NYSE:Q) by 20.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,583 shares of the premier technology solutions leader’s stock after selling 20,561 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Qnity Electronics were worth $9,298,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of Q. Moisand Fitzgerald Tamayo LLC acquired a new position in Qnity Electronics during the 4th quarter worth about $25,000. Dunhill Financial LLC acquired a new stake in shares of Qnity Electronics in the fourth quarter valued at about $25,000. Armstrong Advisory Group Inc. bought a new position in shares of Qnity Electronics during the fourth quarter worth about $26,000. Provenance Wealth Advisors LLC acquired a new position in shares of Qnity Electronics in the fourth quarter worth approximately $27,000. Finally, Motco acquired a new position in shares of Qnity Electronics in the fourth quarter worth approximately $27,000.

Analyst Upgrades and Downgrades

Q has been the topic of several analyst reports. Royal Bank Of Canada reduced their target price on Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating on the stock in a report on Tuesday. Zacks Research raised shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $165.00 price objective on shares of Qnity Electronics in a research note on Wednesday, May 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $151.78.

Qnity Electronics Stock Up 0.7%

Shares of Qnity Electronics stock opened at $136.48 on Friday. The stock’s 50-day moving average is $152.90 and its 200 day moving average is $126.94. Qnity Electronics, Inc. has a one year low of $70.50 and a one year high of $177.28. The firm has a market cap of $28.57 billion and a price-to-earnings ratio of 46.90. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57.

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, beating the consensus estimate of $0.92 by $0.16. The business had revenue of $1.31 billion during the quarter. The company’s revenue for the quarter 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. Equities research analysts anticipate that Qnity Electronics, Inc. will post 4.16 EPS for the current year.

Qnity Electronics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Monday, August 31st. Qnity Electronics’s dividend payout ratio (DPR) is presently 11.00%.

About Qnity Electronics

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.