Allient Inc. (NASDAQ:ALNT) Raises Dividend to $0.04 Per Share

Allient Inc. (NASDAQ:ALNT) declared a quarterly dividend on Wednesday, May 6th. Investors of record on Thursday, May 21st will be paid a dividend of 0.04 per share on Thursday, June 4th. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, May 21st. This is a 33.3% increase from Allient’s previous quarterly dividend of $0.03.

Allient has increased its dividend payment by an average of 0.1%annually over the last three years. Allient has a payout ratio of 5.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Allient to earn $3.01 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 4.0%.

Allient Stock Performance

Shares of ALNT opened at $77.52 on Thursday. Allient has a 12 month low of $21.74 and a 12 month high of $80.39. The firm has a fifty day simple moving average of $66.68 and a 200 day simple moving average of $60.60. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 58.73 and a beta of 1.65. The company has a current ratio of 3.66, a quick ratio of 2.08 and a debt-to-equity ratio of 0.60.

Allient (NASDAQ:ALNT) last announced its earnings results on Wednesday, May 6th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.05). Allient had a return on equity of 12.53% and a net margin of 3.97%.The business had revenue of $138.92 million for the quarter, compared to analyst estimates of $138.42 million. Research analysts forecast that Allient will post 2.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Craig Hallum restated a “buy” rating and set a $75.00 target price on shares of Allient in a report on Monday, March 9th. Roth Mkm increased their target price on shares of Allient from $56.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, March 16th. Lake Street Capital assumed coverage on shares of Allient in a research note on Wednesday, February 18th. They issued a “buy” rating and a $79.00 price target for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Allient in a research note on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.75.

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.