Strs Ohio Purchases Shares of 267,313 Qnity Electronics, Inc. $Q

Strs Ohio purchased a new stake in shares of Qnity Electronics, Inc. (NYSE:Q) during the fourth quarter, HoldingsChannel reports. The fund purchased 267,313 shares of the premier technology solutions leader’s stock, valued at approximately $21,826,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. bought a new stake in Qnity Electronics during the fourth quarter valued at about $2,226,626,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Qnity Electronics during the fourth quarter valued at about $125,587,000. UBS Group AG purchased a new position in shares of Qnity Electronics during the fourth quarter valued at about $120,414,000. M&T Bank Corp purchased a new position in shares of Qnity Electronics during the fourth quarter valued at about $65,334,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Qnity Electronics during the fourth quarter valued at about $44,200,000.

Qnity Electronics Trading Up 0.1%

Q opened at $143.41 on Monday. The stock has a market capitalization of $30.06 billion and a price-to-earnings ratio of 78.37. Qnity Electronics, Inc. has a 12 month low of $70.50 and a 12 month high of $146.67. The company has a current ratio of 1.95, a quick ratio of 1.46 and a debt-to-equity ratio of 0.54. The stock has a 50-day moving average of $122.50.

Qnity Electronics (NYSE:Q) last released its quarterly earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 EPS for the quarter, topping the consensus estimate of $0.64 by $0.18. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.15 billion. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS. On average, research analysts forecast that Qnity Electronics, Inc. will post 3.78 earnings per share for the current fiscal year.

Qnity Electronics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a $0.08 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.32 annualized dividend and a yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is currently 17.49%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on Q shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $126.00 price objective on shares of Qnity Electronics in a research report on Friday, February 20th. Zacks Research lowered Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada raised their price objective on Qnity Electronics from $139.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. KeyCorp raised their price objective on Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Finally, Mizuho set a $120.00 price target on Qnity Electronics in a research report on Monday, February 23rd. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $123.29.

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.