33,162 Shares in Allient Inc. (NASDAQ:ALNT) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in Allient Inc. (NASDAQ:ALNT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 33,162 shares of the company's stock, valued at approximately $805,000. Raymond James Financial Inc. owned about 0.20% of Allient as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Allient by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 72,179 shares of the company's stock worth $1,753,000 after acquiring an additional 1,779 shares during the last quarter. Mission Wealth Management LP acquired a new position in shares of Allient in the 4th quarter valued at $349,000. Bank of New York Mellon Corp increased its stake in Allient by 18.2% in the 4th quarter. Bank of New York Mellon Corp now owns 115,095 shares of the company's stock worth $2,794,000 after purchasing an additional 17,739 shares in the last quarter. Nkcfo LLC acquired a new stake in Allient during the 4th quarter worth about $364,000. Finally, New York State Teachers Retirement System purchased a new stake in Allient during the fourth quarter valued at about $32,000. Institutional investors own 61.57% of the company's stock.

Allient Stock Down 0.4 %

NASDAQ:ALNT traded down $0.09 on Thursday, hitting $21.56. 204,700 shares of the company's stock traded hands, compared to its average volume of 113,040. The company has a market cap of $365.40 million, a PE ratio of 24.50 and a beta of 1.43. Allient Inc. has a 1 year low of $16.91 and a 1 year high of $32.36. 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 firm has a 50-day moving average price of $23.86 and a 200-day moving average price of $23.18.

Allient (NASDAQ:ALNT - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.03. Allient had a net margin of 2.64% and a return on equity of 10.80%. The firm had revenue of $122.01 million for the quarter, compared to the consensus estimate of $119.72 million. Equities analysts anticipate that Allient Inc. will post 1.43 EPS for the current fiscal year.

Allient Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.12 annualized dividend and a dividend yield of 0.56%. Allient's dividend payout ratio is 15.00%.

Wall Street Analysts Forecast Growth

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