Meyer Handelman Co. Acquires Shares of 41,577 Qnity Electronics, Inc. $Q

Meyer Handelman Co. bought a new position in Qnity Electronics, Inc. (NYSE:Q) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 41,577 shares of the premier technology solutions leader’s stock, valued at approximately $3,395,000.

Other institutional investors have also recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Qnity Electronics in the 4th quarter worth $25,000. Armstrong Advisory Group Inc. purchased a new position in Qnity Electronics in the 4th quarter worth about $26,000. Stephens Consulting LLC purchased a new position in Qnity Electronics in the 4th quarter worth about $30,000. CVA Family Office LLC bought a new position in Qnity Electronics during the 4th quarter valued at about $38,000. Finally, Spirit of America Management Corp NY bought a new position in Qnity Electronics during the 4th quarter valued at about $45,000.

Qnity Electronics Trading Up 7.7%

Shares of NYSE Q opened at $115.35 on Wednesday. Qnity Electronics, Inc. has a 12-month low of $70.50 and a 12-month high of $140.60. The company has a market capitalization of $24.18 billion and a price-to-earnings ratio of 63.03. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.95 and a quick ratio of 1.46. The firm’s 50 day simple moving average is $109.98.

Qnity Electronics (NYSE:Q) last released its quarterly earnings results on Thursday, February 26th. The premier technology solutions leader reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.18. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. The company’s revenue was up 8.1% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.550-3.950 EPS.

Analyst Ratings Changes

Q has been the subject of a number of research analyst reports. Oppenheimer began coverage on shares of Qnity Electronics in a research note on Tuesday, December 16th. They issued an “outperform” rating and a $100.00 price target for the company. Mizuho set a $120.00 price target on Qnity Electronics in a research note on Monday, February 23rd. Royal Bank Of Canada lifted their price objective on Qnity Electronics from $118.00 to $133.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Zacks Research upgraded Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $126.00 target price on shares of Qnity Electronics in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $120.86.

About Qnity Electronics

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.