PNC Financial Services Group Inc. Trims Holdings in Qnity Electronics, Inc. $Q

PNC Financial Services Group Inc. reduced its stake in Qnity Electronics, Inc. (NYSE:Q) by 5.8% during the 1st quarter, HoldingsChannel reports. The firm owned 310,544 shares of the premier technology solutions leader’s stock after selling 19,058 shares during the period. PNC Financial Services Group Inc.’s holdings in Qnity Electronics were worth $35,831,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of Q. Oslo Pensjonsforsikring AS acquired a new stake in shares of Qnity Electronics during the first quarter worth $113,000. Wilkerson Advisory Group LLC grew its position in Qnity Electronics by 90.2% in the 1st quarter. Wilkerson Advisory Group LLC now owns 1,681 shares of the premier technology solutions leader’s stock valued at $194,000 after buying an additional 797 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in Qnity Electronics in the 1st quarter valued at $115,000. AlTi Global Inc. increased its stake in shares of Qnity Electronics by 19.9% during the first quarter. AlTi Global Inc. now owns 4,062 shares of the premier technology solutions leader’s stock worth $469,000 after acquiring an additional 673 shares during the period. Finally, Basepoint Wealth LLC purchased a new stake in shares of Qnity Electronics during the 1st quarter worth $39,000.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Royal Bank Of Canada dropped their target price on shares of Qnity Electronics from $200.00 to $189.00 and set an “outperform” rating for the company in a report on Tuesday, July 14th. The Goldman Sachs Group reissued a “buy” rating and set a $165.00 price target on shares of Qnity Electronics in a research note on Wednesday, May 13th. Mizuho upped their price target on Qnity Electronics from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 price objective on Qnity Electronics in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $151.78.

Qnity Electronics Trading Down 0.3%

Shares of Q opened at $138.39 on Friday. 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, Inc. has a 1-year low of $70.50 and a 1-year high of $177.28. The stock has a market cap of $28.97 billion and a price-to-earnings ratio of 47.56. The firm has a 50 day simple moving average of $150.95 and a 200-day simple moving average of $128.78.

Qnity Electronics (NYSE:Q) last issued its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share (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 company’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. Equities analysts forecast that Qnity Electronics, Inc. will post 4.16 EPS for the current fiscal year.

Qnity Electronics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Monday, August 31st. Qnity Electronics’s dividend payout ratio is 11.00%.

Qnity Electronics Company Profile

Qnity Electronics is a company focused on the electronics sector, serving customers with technology-related products and solutions. Publicly available information may be limited, so a detailed description of its specific product lines, operating segments, or geographic footprint is not readily confirmed.

Because comprehensive reliable information about the company is not available here, I can only note that Qnity Electronics operates under the ticker NYSE: Q and is associated with the electronics industry.