DNB Asset Management AS Takes $3.70 Million Position in Qnity Electronics, Inc. $Q

DNB Asset Management AS purchased a new stake in Qnity Electronics, Inc. (NYSE:Q) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 45,330 shares of the premier technology solutions leader’s stock, valued at approximately $3,701,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in Q. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Qnity Electronics in the fourth quarter valued at approximately $25,000. Dunhill Financial LLC acquired a new stake in shares of Qnity Electronics in the fourth quarter valued at approximately $25,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Qnity Electronics in the fourth quarter valued at approximately $26,000. Provenance Wealth Advisors LLC acquired a new stake in shares of Qnity Electronics in the fourth quarter valued at approximately $27,000. Finally, Stephens Consulting LLC acquired a new stake in shares of Qnity Electronics in the fourth quarter valued at approximately $30,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on Q shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. Zacks Research downgraded shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. KeyCorp boosted their price objective on shares of Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. The Goldman Sachs Group restated a “buy” rating and set a $165.00 price objective on shares of Qnity Electronics in a research report on Wednesday, May 13th. Finally, BMO Capital Markets restated an “outperform” rating and set a $180.00 price objective on shares of Qnity Electronics in a research report on Wednesday, May 13th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $151.33.

Qnity Electronics Price Performance

Shares of Q opened at $145.06 on Wednesday. Qnity Electronics, Inc. has a one year low of $70.50 and a one year high of $171.52. The firm has a market capitalization of $30.37 billion and a P/E ratio of 79.27. The company has a current ratio of 2.12, a quick ratio of 1.57 and a debt-to-equity ratio of 0.54. The company’s 50 day moving average price is $130.24.

Qnity Electronics (NYSE:Q) last announced its quarterly earnings data 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. Qnity Electronics’s quarterly 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. On average, analysts expect that Qnity Electronics, Inc. will post 4.08 earnings per share for the current fiscal year.

Qnity Electronics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders 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 yield of 0.2%. The ex-dividend date is Friday, May 29th. Qnity Electronics’s payout ratio is currently 17.49%.

Qnity Electronics Company Profile