Bank of New York Mellon Corp Acquires 37,842 Shares of Qnity Electronics, Inc. $Q

Bank of New York Mellon Corp grew its holdings in Qnity Electronics, Inc. (NYSE:Q) by 2.9% in the 1st quarter, HoldingsChannel reports. The firm owned 1,334,852 shares of the premier technology solutions leader’s stock after buying an additional 37,842 shares during the quarter. Bank of New York Mellon Corp’s holdings in Qnity Electronics were worth $154,015,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Moisand Fitzgerald Tamayo LLC purchased 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 during the fourth quarter valued at about $25,000. Armstrong Advisory Group Inc. purchased a new stake in shares of Qnity Electronics during the fourth quarter valued at about $26,000. Provenance Wealth Advisors LLC bought a new stake in shares of Qnity Electronics in the 4th quarter valued at about $27,000. Finally, Motco bought a new stake in shares of Qnity Electronics in the 4th quarter valued at about $27,000.

Qnity Electronics Stock Performance

Shares of Qnity Electronics stock opened at $136.48 on Monday. The company has a 50 day moving average price of $152.90 and a 200 day moving average price of $127.25. The firm has a market capitalization of $28.57 billion and a P/E ratio of 46.90. 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 52 week low of $70.50 and a 52 week high of $177.28.

Qnity Electronics (NYSE:Q) last posted its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.16. The firm had revenue of $1.31 billion for the quarter. The company’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. Sell-side analysts expect that Qnity Electronics, Inc. will post 4.16 EPS for the current year.

Qnity Electronics Announces Dividend

The company 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 dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is presently 11.00%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Royal Bank Of Canada reduced their price objective on shares of Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating for the company in a research note on Tuesday, July 14th. Zacks Research upgraded shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $165.00 price target on shares of Qnity Electronics in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $180.00 price target on Qnity Electronics in a research report on Wednesday, May 13th. Finally, Mizuho increased their price objective on Qnity Electronics from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $151.78.

Qnity Electronics Profile