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

Allient Inc. (NASDAQ:ALNT - Get Free Report) 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 0.53%. 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 payout ratio of 6.6% meaning its dividend is sufficiently covered by earnings. Equities 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

Shares of NASDAQ:ALNT traded up $0.83 during trading hours on Friday, hitting $22.65. The stock had a trading volume of 209,529 shares, compared to its average volume of 98,932. The stock's fifty day simple moving average is $19.01 and its 200 day simple moving average is $23.65. Allient has a 1-year low of $16.91 and a 1-year high of $36.33. The firm has a market capitalization of $381.52 million, a price-to-earnings ratio of 24.89 and a beta of 1.51. 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.21 by $0.10. Allient had a net margin of 3.35% and a return on equity of 13.04%. The company had revenue of $125.21 million for the quarter, compared to analyst estimates of $124.28 million. During the same quarter last year, the business earned $0.61 earnings per share. Sell-side analysts anticipate that Allient will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ALNT has been the topic of several analyst reports. Craig Hallum dropped their price target on shares of Allient from $41.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. Roth Mkm dropped their price target on shares of Allient from $39.00 to $28.00 and set a "buy" rating on the stock in a research note on Tuesday, August 13th. Finally, Northland Securities lowered their price objective on shares of Allient from $35.00 to $30.00 and set a "market perform" rating on the stock in a research note 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.