Staley Capital Advisers Inc. Lowers Stock Position in Qnity Electronics, Inc. $Q

Staley Capital Advisers Inc. cut its stake in shares of Qnity Electronics, Inc. (NYSE:Q) by 18.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 306,044 shares of the premier technology solutions leader’s stock after selling 67,533 shares during the quarter. Qnity Electronics makes up approximately 1.5% of Staley Capital Advisers Inc.’s holdings, making the stock its 22nd biggest position. Staley Capital Advisers Inc.’s holdings in Qnity Electronics were worth $35,311,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new position in Qnity Electronics during the fourth quarter valued at approximately $461,000. Neville Rodie & Shaw Inc. bought a new position in shares of Qnity Electronics in the fourth quarter worth approximately $526,000. Investors Research Corp purchased a new stake in shares of Qnity Electronics in the fourth quarter worth $102,000. Board of the Pension Protection Fund purchased a new stake in shares of Qnity Electronics in the fourth quarter worth $73,000. Finally, Canal Capital Management LLC bought a new stake in shares of Qnity Electronics during the 4th quarter valued at $331,000.

Qnity Electronics Trading Up 1.2%

Shares of Qnity Electronics stock opened at $142.25 on Thursday. The firm has a market cap of $29.78 billion and a price-to-earnings ratio of 48.88. The business has a 50-day moving average price of $153.39 and a 200-day moving average price of $124.41. 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 twelve month low of $70.50 and a twelve month high of $177.28.

Qnity Electronics (NYSE:Q) last issued its earnings results 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 firm had revenue of $1.31 billion during the quarter. The company’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 research analysts anticipate that Qnity Electronics, Inc. will post 4.21 EPS for the current fiscal year.

Qnity Electronics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $0.08 dividend. 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 11.00%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on Q shares. The Goldman Sachs Group restated a “buy” rating and set a $165.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. Royal Bank Of Canada increased their price target on Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. BMO Capital Markets raised their price target on Qnity Electronics from $180.00 to $185.00 and gave the company an “outperform” rating in a report on Monday. Zacks Research upgraded Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Qnity Electronics presently has a consensus rating of “Buy” and a consensus target price of $153.00.

Qnity Electronics Company Profile

I couldn’t find enough reliable information about Qnity Electronics (NYSE:Q) to write an accurate company description without risking speculation.