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

Allient Inc. (NASDAQ:ALNT) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders 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 dividend yield of 0.55%. 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% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 0.4 %

NASDAQ ALNT traded up $0.08 on Friday, hitting $21.90. 3,937 shares of the stock were exchanged, compared to its average volume of 97,985. The firm has a market capitalization of $368.88 million, a P/E ratio of 24.80 and a beta of 1.51. Allient has a 52-week low of $16.91 and a 52-week high of $36.33. The stock has a fifty day moving average price of $19.01 and a two-hundred day moving average price of $23.65. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.00 and a current ratio of 3.90.

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

Analyst Ratings Changes

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

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.