Handelsbanken Fonder AB Makes New $8.74 Million Investment in Qnity Electronics, Inc. $Q

Handelsbanken Fonder AB purchased a new position in shares of Qnity Electronics, Inc. (NYSE:Q) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 107,096 shares of the premier technology solutions leader’s stock, valued at approximately $8,744,000. Handelsbanken Fonder AB owned approximately 0.05% of Qnity Electronics as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the stock. Moisand Fitzgerald Tamayo LLC purchased a new position in Qnity Electronics during the fourth quarter worth $25,000. Dunhill Financial LLC purchased a new position in Qnity Electronics during the fourth quarter worth $25,000. Armstrong Advisory Group Inc. purchased a new position in Qnity Electronics during the fourth quarter worth $26,000. Provenance Wealth Advisors LLC purchased a new position in Qnity Electronics during the fourth quarter worth $27,000. Finally, Stephens Consulting LLC purchased a new position in Qnity Electronics during the fourth quarter worth $30,000.

Analyst Ratings Changes

Several equities analysts have weighed in on Q shares. Royal Bank Of Canada raised their price target on Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Mizuho raised their price target on Qnity Electronics from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Zacks Research cut Qnity Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. KeyCorp raised 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, Deutsche Bank Aktiengesellschaft set a $180.00 price objective on Qnity Electronics in a report on Wednesday, May 13th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Qnity Electronics currently has an average rating of “Moderate Buy” and a consensus target price of $151.33.

Qnity Electronics Price Performance

Q stock opened at $152.71 on Friday. Qnity Electronics, Inc. has a 52-week low of $70.50 and a 52-week high of $171.52. The stock’s fifty day simple moving average is $131.79 and its 200-day simple moving average is $107.48. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $31.97 billion and a price-to-earnings ratio of 52.48.

Qnity Electronics (NYSE:Q) last posted its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate 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% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. Equities research analysts expect that Qnity Electronics, Inc. will post 4.08 EPS for the current year.

Qnity Electronics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, May 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is 11.00%.

Qnity Electronics Profile

Qnity Electronics is a provider of electronic components and related solutions for industrial and commercial applications. The company focuses on technologies and products used in the design, manufacturing, and operation of electronic systems, serving customers that need reliable performance and technical support across a range of end markets.

Its offerings are centered on electronics-oriented products and services that help support connectivity, control, and functionality in modern devices and equipment.