495,258 Shares in Qnity Electronics, Inc. $Q Purchased by Great Lakes Advisors LLC

Great Lakes Advisors LLC purchased a new position in shares of Qnity Electronics, Inc. (NYSE:Q) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 495,258 shares of the premier technology solutions leader’s stock, valued at approximately $40,438,000. Great Lakes Advisors LLC owned approximately 0.24% of Qnity Electronics as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC acquired a new position in Qnity Electronics during the 4th quarter worth about $25,000. Dunhill Financial LLC acquired a new position in Qnity Electronics during the 4th quarter worth about $25,000. Armstrong Advisory Group Inc. acquired a new position in Qnity Electronics during the 4th quarter worth about $26,000. Motco acquired a new position in Qnity Electronics during the 4th quarter worth about $27,000. Finally, Provenance Wealth Advisors LLC acquired a new position in Qnity Electronics during the 4th quarter worth about $27,000.

Qnity Electronics Stock Performance

Shares of NYSE:Q opened at $149.53 on Friday. The stock has a market capitalization of $31.30 billion and a P/E ratio of 51.39. Qnity Electronics, Inc. has a 1-year low of $70.50 and a 1-year high of $171.52. The company has a current ratio of 2.12, a quick ratio of 1.57 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average price of $143.76 and a two-hundred day moving average price of $114.24.

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 for the quarter, topping the consensus estimate of $0.92 by $0.16. The firm had revenue of $1.32 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. Equities analysts predict that Qnity Electronics, Inc. will post 4.08 earnings per share for the current year.

Qnity Electronics Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on Q. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. The Goldman Sachs Group reiterated a “buy” rating and set a $165.00 price target on shares of Qnity Electronics in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $180.00 price target on shares of Qnity Electronics in a research report on Wednesday, May 13th. KeyCorp boosted their price objective on Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Finally, Mizuho boosted their price objective on Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a 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, Qnity Electronics has an average rating of “Moderate Buy” and a consensus target price of $151.33.

Qnity Electronics Company Profile