Allient Inc. (ALNT) To Go Ex-Dividend on November 21st

Allient Inc. (NASDAQ:ALNT) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Thursday, November 21st.

Allient has decreased its dividend payment by an average of 1.4% annually over the last three years. Allient has a payout ratio of 6.6% indicating that 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 Down 1.8 %

Shares of ALNT stock traded down $0.40 on Friday, reaching $21.42. 37,827 shares of the company’s stock traded hands, compared to its average volume of 98,141. The company has a market capitalization of $360.80 million, a P/E ratio of 24.89 and a beta of 1.51. Allient has a 12-month low of $16.91 and a 12-month high of $36.33. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.00 and a current ratio of 3.90. The business’s 50 day moving average price is $19.01 and its two-hundred day moving average price is $23.65.

Allient (NASDAQ:ALNT) last issued its earnings results on Wednesday, November 6th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.10. Allient had a return on equity of 13.04% and a net margin of 3.35%. The company had revenue of $125.21 million for the quarter, compared to the consensus estimate of $124.28 million. During the same quarter in the prior year, the company earned $0.61 EPS. On average, equities analysts forecast that Allient will post 1.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ALNT shares. Craig Hallum decreased their target price on shares of Allient from $41.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Northland Securities lowered their target price on Allient from $35.00 to $30.00 and set a “market perform” rating on the stock in a research note on Friday, August 9th. Finally, Roth Mkm cut their price target on Allient from $39.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th.

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.