Swedbank AB Sells 5,523 Shares of Qnity Electronics, Inc. $Q

Swedbank AB lowered its stake in Qnity Electronics, Inc. (NYSE:Q) by 11.4% during the first quarter, Holdings Channel.com reports. The fund owned 42,731 shares of the premier technology solutions leader’s stock after selling 5,523 shares during the period. Swedbank AB’s holdings in Qnity Electronics were worth $4,930,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Kiley Juergens Wealth Management LLC acquired a new position in Qnity Electronics during the first quarter valued at approximately $294,000. Busey Bank acquired a new position in shares of Qnity Electronics during the 1st quarter worth approximately $226,000. Meridian Investment Counsel Inc. increased its position in shares of Qnity Electronics by 43.3% during the 1st quarter. Meridian Investment Counsel Inc. now owns 30,251 shares of the premier technology solutions leader’s stock worth $3,490,000 after purchasing an additional 9,134 shares during the last quarter. Stephens Inc. AR raised its stake in shares of Qnity Electronics by 11.9% during the 1st quarter. Stephens Inc. AR now owns 7,759 shares of the premier technology solutions leader’s stock worth $930,000 after purchasing an additional 828 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. raised its stake in shares of Qnity Electronics by 16.3% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 98,943 shares of the premier technology solutions leader’s stock worth $11,416,000 after purchasing an additional 13,844 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently commented on Q. BMO Capital Markets increased their price objective on Qnity Electronics from $180.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $165.00 price target on shares of Qnity Electronics in a research report on Wednesday, May 13th. Royal Bank Of Canada increased their price target on shares of Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Finally, Zacks Research raised shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $153.00.

Qnity Electronics Stock Performance

Qnity Electronics stock traded up $0.53 during mid-day trading on Friday, hitting $143.99. 1,232,043 shares of the company’s stock traded hands, compared to its average volume of 2,131,818. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57. The firm has a 50 day simple moving average of $153.56 and a two-hundred day simple moving average of $124.99. Qnity Electronics, Inc. has a fifty-two week low of $70.50 and a fifty-two week high of $177.28. The stock has a market cap of $30.14 billion and a price-to-earnings ratio of 49.48.

Qnity Electronics (NYSE:Q) last released 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 company had revenue of $1.31 billion during the quarter. The business’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, research analysts expect that Qnity Electronics, Inc. will post 4.15 EPS for the current fiscal year.

Qnity Electronics Dividend Announcement

The business 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 dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. Qnity Electronics’s payout ratio is presently 11.00%.

Qnity Electronics Profile

I couldn’t find enough reliable information about Qnity Electronics (NYSE:Q) to write a description without risking inaccuracies.