Qnity Electronics, Inc. $Q Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp increased its holdings in shares of Qnity Electronics, Inc. (NYSE:Q) by 274.7% in the first quarter, Holdings Channel reports. The firm owned 57,845 shares of the premier technology solutions leader’s stock after buying an additional 42,409 shares during the period. Fifth Third Bancorp’s holdings in Qnity Electronics were worth $6,674,000 at the end of the most recent quarter.

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

Qnity Electronics Trading Down 3.3%

Shares of Q stock opened at $135.55 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.57 and a current ratio of 2.12. The stock has a market capitalization of $28.38 billion and a P/E ratio of 46.58. The company has a 50 day moving average price of $153.11 and a 200 day moving average price of $126.87. Qnity Electronics, Inc. has a fifty-two week low of $70.50 and a fifty-two week high of $177.28.

Qnity Electronics (NYSE:Q) last released its 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 business had revenue of $1.31 billion for 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 predict that Qnity Electronics, Inc. will post 4.16 EPS for the current fiscal year.

Qnity Electronics Announces Dividend

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

Analyst Upgrades and Downgrades

Q has been the subject of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. BMO Capital Markets upped their price target on Qnity Electronics from $180.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th. The Goldman Sachs Group restated a “buy” rating and set a $165.00 price target on shares of Qnity Electronics in a research report on Wednesday, May 13th. Mizuho lifted their price objective on Qnity Electronics from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Finally, Royal Bank Of Canada cut their price objective on Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $151.78.

Qnity Electronics Profile

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