Allient Inc. to Issue Quarterly Dividend of $0.03 (NASDAQ:ALNT)

Allient Inc. (NASDAQ:ALNT) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Shareholders of record on Thursday, November 21st will be paid a dividend of 0.03 per share on Thursday, December 5th. This represents a $0.12 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Thursday, November 21st.

Allient has decreased its dividend payment by an average of 1.4% per year over the last three years. Allient has a dividend payout ratio of 6.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Allient to earn $1.83 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 6.6%.

Allient Stock Performance

Shares of ALNT stock opened at $24.91 on Wednesday. The company has a current ratio of 4.10, a quick ratio of 2.18 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $419.61 million, a price-to-earnings ratio of 28.31 and a beta of 1.51. Allient has a 1-year low of $16.91 and a 1-year high of $36.33. The stock’s fifty day simple moving average is $19.62 and its 200-day simple moving average is $23.23.

Allient (NASDAQ:ALNT) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.10. Allient had a net margin of 2.64% and a return on equity of 10.80%. The business had revenue of $125.21 million during the quarter, compared to analysts’ expectations of $124.28 million. During the same quarter in the prior year, the company earned $0.61 EPS. On average, sell-side analysts predict that Allient will post 1.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Craig Hallum cut their price objective on Allient from $41.00 to $30.00 and set a “buy” rating for the company in a report on Friday, August 9th. Northland Securities dropped their target price on shares of Allient from $35.00 to $30.00 and set a “market perform” rating on the stock in a report on Friday, August 9th. Finally, Roth Mkm cut their price target on Allient from $39.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th.

Allient Company Profile

Allient Inc, together with its subsidiaries, designs, manufactures, and sells precision and specialty controlled motion components and systems for various industries in the United States, Canada, South America, Europe, and Asia-Pacific. It offers brush and brushless DC motors, brushless servo and torque motors, coreless DC motors, integrated brushless motor-drives, gearmotors, gearing, modular digital servo drives, motion controllers, optical encoders, active and passive filters, input/output modules, industrial communications gateways, light-weighting technologies, and other controlled motion-related products, as well as nano precision positioning systems, servo control systems, and digital servo amplifiers and drives.