Canada Post Corp Registered Pension Plan purchased a new position in shares of Qnity Electronics, Inc. (NYSE:Q – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,412 shares of the premier technology solutions leader’s stock, valued at approximately $360,000.
Other large investors also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC acquired a new stake in shares of Qnity Electronics in the fourth quarter valued at $769,000. Cohen Klingenstein LLC acquired a new stake in shares of Qnity Electronics in the fourth quarter valued at $587,000. KBC Group NV acquired a new stake in shares of Qnity Electronics in the fourth quarter valued at $12,189,000. Delta Capital Management LLC acquired a new stake in shares of Qnity Electronics in the fourth quarter valued at $1,141,000. Finally, PFG Investments LLC acquired a new stake in shares of Qnity Electronics in the fourth quarter valued at $831,000.
Analysts Set New Price Targets
Several analysts have recently issued reports on the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $165.00 price objective on shares of Qnity Electronics in a research note on Wednesday, May 13th. Royal Bank Of Canada increased their price objective on Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. KeyCorp increased their price objective on Qnity Electronics from $117.00 to $147.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Deutsche Bank Aktiengesellschaft set a $180.00 price objective on Qnity Electronics in a research note on Wednesday, May 13th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $180.00 price objective on shares of Qnity Electronics in a research note on Wednesday, May 13th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $151.33.
Qnity Electronics Price Performance
NYSE:Q opened at $145.06 on Wednesday. The stock has a market capitalization of $30.37 billion and a price-to-earnings ratio of 79.27. The company has a fifty day simple moving average of $130.24. 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 12 month low of $70.50 and a 12 month high of $171.52.
Qnity Electronics (NYSE:Q – Get Free Report) last posted its 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 business had revenue of $1.32 billion during 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. As a group, equities analysts anticipate that Qnity Electronics, Inc. will post 4.08 EPS for the current 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 issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. Qnity Electronics’s dividend payout ratio (DPR) is presently 17.49%.
Qnity Electronics Company Profile
Qnity Electronics is a company focused on electronics, though detailed public information about its specific product lines, customer base, and geographic reach was limited at the time of writing. Based on the company name and available references, it appears to operate in the electronics sector, potentially serving commercial or industrial markets.
Because reliable, verifiable details about Qnity Electronics’ operations, history, and leadership were not readily available, a more detailed company profile could not be confirmed without risking inaccuracy.
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