Fruth Investment Management Buys New Shares in Qnity Electronics, Inc. $Q

Fruth Investment Management acquired a new position in shares of Qnity Electronics, Inc. (NYSE:Q) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,684 shares of the premier technology solutions leader’s stock, valued at approximately $709,000.

Several other institutional investors have also recently bought and sold shares of Q. Massachusetts Financial Services Co. MA purchased a new stake in Qnity Electronics during the fourth quarter worth about $125,587,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Qnity Electronics in the fourth quarter worth about $44,200,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Qnity Electronics in the fourth quarter valued at approximately $38,158,000. Aberdeen Group plc purchased a new stake in Qnity Electronics in the fourth quarter valued at approximately $19,338,000. Finally, SG Americas Securities LLC purchased a new stake in Qnity Electronics in the fourth quarter valued at approximately $19,068,000.

Analyst Ratings Changes

Several research analysts have commented on the stock. KeyCorp lifted their price target on shares of Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Royal Bank Of Canada raised their target price on shares of Qnity Electronics from $118.00 to $133.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $126.00 price target on shares of Qnity Electronics in a report on Friday, February 20th. Zacks Research raised Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings started coverage on Qnity Electronics in a research report on Thursday, January 22nd. They set a “hold (c-)” rating for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Qnity Electronics presently has an average rating of “Buy” and an average price target of $120.86.

Qnity Electronics Stock Down 0.4%

Qnity Electronics stock opened at $131.26 on Friday. The company’s 50-day moving average price is $116.54. The company has a market cap of $27.51 billion and a P/E ratio of 71.73. Qnity Electronics, Inc. has a 52-week low of $70.50 and a 52-week high of $140.60. The company has a current ratio of 1.95, a quick ratio of 1.46 and a debt-to-equity ratio of 0.54.

Qnity Electronics (NYSE:Q) last released its quarterly earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.18. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. The business’s quarterly revenue was up 8.1% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS.

Qnity Electronics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, May 29th. Qnity Electronics’s payout ratio is currently 17.49%.

Qnity Electronics Company Profile

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