Allient Inc. (ALNT) To Go Ex-Dividend on March 20th

Allient Inc. (NASDAQ:ALNT) announced a quarterly dividend on Wednesday, March 5th, RTT News reports. Shareholders of record on Thursday, March 20th will be given a dividend of 0.03 per share on Thursday, April 3rd. This represents a $0.12 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Thursday, March 20th.

Allient has raised its dividend payment by an average of 4.6% annually over the last three years. Allient has a payout ratio of 5.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of ALNT opened at $23.61 on Tuesday. The stock’s fifty day moving average is $25.12 and its 200-day moving average is $22.93. The firm has a market capitalization of $397.71 million, a price-to-earnings ratio of 26.83 and a beta of 1.59. Allient has a one year low of $16.91 and a one year high of $36.33. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.18 and a current ratio of 4.10.

Allient (NASDAQ:ALNT) last issued its earnings results on Wednesday, March 5th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. Allient had a return on equity of 10.80% and a net margin of 2.64%. The company had revenue of $122.01 million for the quarter, compared to the consensus estimate of $119.72 million. Equities analysts anticipate that Allient will post 1.43 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Northland Capmk upgraded shares of Allient from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Northland Securities raised shares of Allient from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $30.00 to $35.00 in a research report on Tuesday, February 11th.

About Allient

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.