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

Allient Inc. (NASDAQ:ALNT) announced a quarterly dividend on Wednesday, August 7th, Zacks reports. Investors of record on Thursday, August 22nd will be given a dividend of 0.03 per share on Thursday, September 5th. This represents a $0.12 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Thursday, August 22nd.

Allient has decreased its dividend by an average of 1.4% per year over the last three years. Allient has a payout ratio of 5.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Allient to earn $2.21 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 5.4%.

Allient Trading Down 0.0 %

Allient stock traded down $0.01 during midday trading on Friday, reaching $20.45. 89,865 shares of the stock traded hands, compared to its average volume of 81,650. The firm has a market cap of $343.07 million, a PE ratio of 13.54 and a beta of 1.56. The company has a current ratio of 3.56, a quick ratio of 1.85 and a debt-to-equity ratio of 0.90. The company has a 50-day simple moving average of $25.99 and a two-hundred day simple moving average of $28.70. Allient has a 12-month low of $19.03 and a 12-month high of $36.33.

Allient (NASDAQ:ALNT) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.11). Allient had a net margin of 4.26% and a return on equity of 15.26%. The business had revenue of $136.03 million during the quarter, compared to analysts’ expectations of $137.55 million. During the same period in the previous year, the business posted $0.58 EPS. Research analysts expect that Allient will post 1.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Craig Hallum dropped their price target on shares of Allient from $41.00 to $30.00 and set a “buy” rating for the company in a research note on Friday. Roth Mkm lowered their target price on Allient from $42.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd.

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.