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

Allient Inc. (NASDAQ:ALNT) announced a quarterly dividend on Wednesday, November 5th. Investors of record on Thursday, November 20th will be given a dividend of 0.03 per share on Thursday, December 4th. This represents a c) dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Thursday, November 20th.

Allient has raised its dividend payment by an average of 0.1%annually over the last three years. Allient has a dividend payout ratio of 5.4% meaning its dividend is sufficiently covered by earnings. 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 Trading Down 0.3%

NASDAQ ALNT opened at $53.51 on Thursday. The firm has a market capitalization of $906.83 million, a P/E ratio of 62.22 and a beta of 1.51. The business has a fifty day simple moving average of $48.08 and a 200 day simple moving average of $39.48. Allient has a 12 month low of $19.25 and a 12 month high of $58.13. The company has a current ratio of 3.74, a quick ratio of 2.17 and a debt-to-equity ratio of 0.70.

Allient (NASDAQ:ALNT) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. The business had revenue of $139.58 million during the quarter, compared to analyst estimates of $132.89 million. Allient had a return on equity of 9.97% and a net margin of 2.75%. On average, analysts predict that Allient will post 1.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Allient

Large investors have recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. increased its holdings in Allient by 173.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 999 shares of the company’s stock worth $36,000 after acquiring an additional 633 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in Allient in the 3rd quarter worth about $41,000. CWM LLC increased its holdings in Allient by 105.2% in the 1st quarter. CWM LLC now owns 1,890 shares of the company’s stock worth $42,000 after acquiring an additional 969 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in Allient in the 3rd quarter worth about $58,000. Finally, Tower Research Capital LLC TRC increased its holdings in Allient by 162.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,190 shares of the company’s stock worth $80,000 after acquiring an additional 1,355 shares during the last quarter. Hedge funds and other institutional investors own 61.57% of the company’s stock.

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.