Fort Sheridan Advisors LLC Takes Position in Qnity Electronics, Inc. $Q

Fort Sheridan Advisors LLC bought a new stake in shares of Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,284 shares of the premier technology solutions leader’s stock, valued at approximately $350,000.

A number of other institutional investors have also recently modified their holdings of Q. GAMMA Investing LLC acquired a new stake in shares of Qnity Electronics during the 4th quarter valued at about $461,000. Neville Rodie & Shaw Inc. acquired a new stake in shares of Qnity Electronics during the 4th quarter valued at about $526,000. Investors Research Corp acquired a new stake in shares of Qnity Electronics during the 4th quarter valued at about $102,000. Board of the Pension Protection Fund acquired a new stake in shares of Qnity Electronics during the 4th quarter valued at about $73,000. Finally, Canal Capital Management LLC acquired a new stake in shares of Qnity Electronics during the 4th quarter valued at about $331,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group restated a “buy” rating and set a $165.00 target price on shares of Qnity Electronics in a research report on Wednesday, May 13th. Royal Bank Of Canada lifted their price objective on Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. BMO Capital Markets reiterated an “outperform” rating and issued a $180.00 price objective on shares of Qnity Electronics in a report on Wednesday, May 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. Finally, KeyCorp lifted 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. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Qnity Electronics presently has an average rating of “Moderate Buy” and a consensus target price of $151.33.

Qnity Electronics Trading Down 1.9%

Q opened at $155.90 on Friday. The firm has a market capitalization of $32.64 billion and a price-to-earnings ratio of 53.57. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57. The company’s 50 day simple moving average is $137.41 and its two-hundred day simple moving average is $110.00. Qnity Electronics, Inc. has a 1-year low of $70.50 and a 1-year high of $171.52.

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

Qnity Electronics Announces Dividend

The company also recently declared 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 annualized dividend 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%.

About Qnity Electronics

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.