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

Allient Inc. (NASDAQ:ALNT - Get Free Report) announced a quarterly dividend on Wednesday, March 5th, RTT News reports. Investors of record on Thursday, March 20th will be paid 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 of this dividend 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 5.3% meaning 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 Stock Performance

NASDAQ ALNT traded down $1.95 during trading on Friday, reaching $23.36. The company's stock had a trading volume of 101,643 shares, compared to its average volume of 107,406. Allient has a twelve month low of $16.91 and a twelve month high of $36.33. The firm has a market cap of $393.50 million, a price-to-earnings ratio of 26.55 and a beta of 1.59. The business's fifty day moving average price is $25.29 and its 200-day moving average price is $22.83. 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 - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.03. Allient had a return on equity of 10.80% and a net margin of 2.64%. The firm had revenue of $122.01 million for the quarter, compared to analysts' expectations of $119.72 million. As a group, analysts anticipate that Allient will post 1.43 EPS for the current fiscal year.

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Analysts Set New Price Targets

ALNT has been the topic of a number of analyst reports. Northland Securities upgraded shares of Allient from a "market perform" rating to an "outperform" rating and lifted their price objective for the company 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 note 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.