Swedbank AB Has $4.93 Million Stock Position in Qnity Electronics, Inc. $Q

Swedbank AB lowered its position in Qnity Electronics, Inc. (NYSE:Q) by 11.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,731 shares of the premier technology solutions leader’s stock after selling 5,523 shares during the period. Swedbank AB’s holdings in Qnity Electronics were worth $4,930,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Moisand Fitzgerald Tamayo LLC bought a new position in Qnity Electronics during the fourth quarter worth about $25,000. Dunhill Financial LLC bought a new stake in shares of Qnity Electronics in the fourth quarter worth about $25,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Qnity Electronics during the fourth quarter worth about $26,000. Provenance Wealth Advisors LLC acquired a new stake in shares of Qnity Electronics during the fourth quarter worth about $27,000. Finally, Motco acquired a new stake in shares of Qnity Electronics during the fourth quarter worth about $27,000.

Qnity Electronics Stock Up 0.4%

NYSE:Q traded up $0.53 during trading hours on Friday, reaching $143.99. 1,232,043 shares of the stock were exchanged, compared to its average volume of 2,131,818. Qnity Electronics, Inc. has a twelve month low of $70.50 and a twelve month high of $177.28. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57. The firm has a 50 day moving average of $153.56 and a 200 day moving average of $124.99. The stock has a market cap of $30.14 billion and a PE ratio of 49.48.

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 for the quarter, topping the consensus estimate of $0.92 by $0.16. The business had revenue of $1.31 billion for the quarter. Qnity Electronics’s 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, equities analysts expect that Qnity Electronics, Inc. will post 4.15 earnings per share for the current year.

Qnity Electronics Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently issued reports on Q. The Goldman Sachs Group reiterated a “buy” rating and issued a $165.00 price objective on shares of Qnity Electronics in a research report on Wednesday, May 13th. BMO Capital Markets upped their price target on shares of Qnity Electronics from $180.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Royal Bank Of Canada raised their price objective on shares of Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. Finally, Mizuho increased their target price on Qnity Electronics from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. One investment 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. Based on data from MarketBeat, Qnity Electronics currently has an average rating of “Buy” and a consensus target price of $153.00.

Qnity Electronics Profile

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