3,741 Shares in Qnity Electronics, Inc. $Q Acquired by Welch & Forbes LLC

Welch & Forbes LLC purchased a new position in Qnity Electronics, Inc. (NYSE:Q) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,741 shares of the premier technology solutions leader’s stock, valued at approximately $305,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. acquired a new position in Qnity Electronics during the 4th quarter valued at about $2,226,626,000. Geode Capital Management LLC purchased a new stake in shares of Qnity Electronics in the fourth quarter worth approximately $435,786,000. Norges Bank bought a new position in shares of Qnity Electronics in the fourth quarter valued at approximately $187,700,000. Massachusetts Financial Services Co. MA bought a new position in shares of Qnity Electronics in the fourth quarter valued at approximately $125,587,000. Finally, UBS Group AG purchased a new position in shares of Qnity Electronics during the fourth quarter valued at approximately $120,414,000.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada upped their price target on Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $180.00 price objective on Qnity Electronics in a research note on Wednesday, May 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. Mizuho increased their target price on shares of Qnity Electronics from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $165.00 price target 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 assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.33.

Qnity Electronics Stock Performance

Shares of Qnity Electronics stock opened at $155.90 on Monday. The business’s fifty day simple moving average is $137.41 and its 200 day simple moving average is $110.09. The company has a current ratio of 2.12, a quick ratio of 1.57 and a debt-to-equity ratio of 0.54. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $171.52. The firm has a market capitalization of $32.64 billion and a P/E ratio of 53.57.

Qnity Electronics (NYSE:Q) last announced its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.16. The business had revenue of $1.32 billion during the quarter. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. As a group, analysts anticipate that Qnity Electronics, Inc. will post 4.08 EPS for the current year.

Qnity Electronics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, May 29th. This represents a $0.32 annualized dividend and a yield of 0.2%. Qnity Electronics’s dividend payout ratio is presently 11.00%.

Qnity Electronics Profile