Anchor Capital Advisors LLC Buys Shares of 437,334 Qnity Electronics, Inc. $Q

Anchor Capital Advisors LLC bought a new stake in shares of Qnity Electronics, Inc. (NYSE:Q) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 437,334 shares of the premier technology solutions leader’s stock, valued at approximately $35,708,000. Anchor Capital Advisors LLC owned approximately 0.21% of Qnity Electronics at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in Q. GAMMA Investing LLC purchased a new position in Qnity Electronics during the 4th quarter valued at about $461,000. Neville Rodie & Shaw Inc. purchased a new stake in shares of Qnity Electronics during the fourth quarter worth about $526,000. Investors Research Corp purchased a new stake in shares of Qnity Electronics during the fourth quarter worth about $102,000. Board of the Pension Protection Fund purchased a new stake in shares of Qnity Electronics during the fourth quarter worth about $73,000. Finally, Canal Capital Management LLC purchased a new stake in shares of Qnity Electronics during the fourth quarter worth about $331,000.

Qnity Electronics Trading Up 2.6%

Shares of Q stock opened at $155.86 on Wednesday. The stock has a market cap of $32.63 billion and a price-to-earnings ratio of 53.56. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54. Qnity Electronics, Inc. has a fifty-two week low of $70.50 and a fifty-two week high of $171.52. The firm’s 50 day moving average price is $138.20 and its two-hundred day moving average price is $110.48.

Qnity Electronics (NYSE:Q) last announced its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.16. The business had revenue of $1.32 billion for the quarter. The business’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, analysts anticipate that Qnity Electronics, Inc. will post 4.08 EPS for the current year.

Qnity Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given 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 of this dividend is Friday, May 29th. Qnity Electronics’s payout ratio is presently 11.00%.

Analyst Ratings Changes

Q has been the topic of several research analyst reports. KeyCorp raised their target price on shares of Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. BMO Capital Markets reissued an “outperform” rating and issued a $180.00 target price on shares of Qnity Electronics in a research report on Wednesday, May 13th. The Goldman Sachs Group reissued a “buy” rating and issued a $165.00 target price on shares of Qnity Electronics in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of Qnity Electronics in a research report on Wednesday, May 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $151.33.

Qnity Electronics Company Profile

Qnity Electronics is a technology company focused on providing electronic components and related solutions for industrial and commercial applications. Its offerings are centered on products that support the design, manufacture, and operation of electronic systems used across a range of end markets.

The company serves customers that need reliable electronic hardware and technical support for their operations, with an emphasis on performance, quality, and application-specific requirements.