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. Investors of record on Thursday, November 21st will be given a dividend of 0.03 per share on Thursday, December 5th. This represents a $0.12 annualized dividend and a yield of 0.56%. The ex-dividend date is Thursday, November 21st.

Allient has decreased its dividend by an average of 1.4% per year over the last three years. Allient has a dividend payout ratio of 6.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Allient to earn $1.64 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 7.3%.

Allient Stock Performance

ALNT stock traded down $0.40 during midday trading on Friday, hitting $21.42. 37,827 shares of the company traded hands, compared to its average volume of 98,141. Allient has a twelve month low of $16.91 and a twelve month high of $36.33. The stock has a market capitalization of $360.80 million, a price-to-earnings ratio of 24.89 and a beta of 1.51. The company has a quick ratio of 2.00, a current ratio of 3.90 and a debt-to-equity ratio of 0.89. The business has a 50 day simple moving average of $19.01 and a 200-day simple moving average of $23.65.

Allient (NASDAQ:ALNT) last announced its earnings results on Wednesday, November 6th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.21 by $0.10. The firm had revenue of $125.21 million for the quarter, compared to the consensus estimate of $124.28 million. Allient had a net margin of 3.35% and a return on equity of 13.04%. During the same quarter last year, the firm posted $0.61 EPS. As a group, equities research analysts predict that Allient will post 1.29 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.