23,312 Shares in Qnity Electronics, Inc. $Q Bought by Clearline Capital LP

Clearline Capital LP purchased a new position in Qnity Electronics, Inc. (NYSE:Q) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,312 shares of the premier technology solutions leader’s stock, valued at approximately $1,903,000.

Other institutional investors also recently bought and sold shares of the company. Kestra Private Wealth Services LLC purchased a new stake in Qnity Electronics in the fourth quarter worth $769,000. Cohen Klingenstein LLC purchased a new stake in Qnity Electronics in the fourth quarter worth $587,000. KBC Group NV purchased a new stake in Qnity Electronics in the fourth quarter worth $12,189,000. Wesbanco Bank Inc. purchased a new stake in Qnity Electronics in the fourth quarter worth $1,566,000. Finally, Delta Capital Management LLC purchased a new stake in Qnity Electronics in the fourth quarter worth $1,141,000.

Qnity Electronics Stock Up 2.8%

NYSE:Q opened at $156.49 on Thursday. Qnity Electronics, Inc. has a 1-year low of $70.50 and a 1-year high of $171.52. The company has a 50-day moving average of $146.76 and a 200 day moving average of $116.42. The firm has a market cap of $32.76 billion and a PE ratio of 53.78. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57.

Qnity Electronics (NYSE:Q) last released its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.16. The business had revenue of $1.32 billion during the quarter. The firm’s revenue for the quarter 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. As a group, research analysts anticipate that Qnity Electronics, Inc. will post 4.08 EPS for the current fiscal year.

Qnity Electronics Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, May 29th. Qnity Electronics’s payout ratio is 11.00%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on Q shares. KeyCorp increased their target price on Qnity Electronics from $117.00 to $147.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. The Goldman Sachs Group restated a “buy” rating and issued a $165.00 price objective on shares of Qnity Electronics in a report on Wednesday, May 13th. Royal Bank Of Canada upped their price objective on shares of 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 reaffirmed an “outperform” rating and issued a $180.00 price objective on shares of Qnity Electronics in a research note on Wednesday, May 13th. Finally, Zacks Research lowered shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Qnity Electronics currently has an average rating of “Moderate Buy” and a consensus price target of $151.33.

About Qnity Electronics