Allient Inc. (ALNT) To Go Ex-Dividend on August 19th

Allient Inc. (NASDAQ:ALNT) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Wednesday, August 19th will be paid a dividend of 0.04 per share on Wednesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, August 19th.

Allient has raised its dividend by an average of 0.1%per year over the last three years. Allient has a payout ratio of 7.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Allient to earn $3.28 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 4.9%.

Allient Stock Performance

Shares of ALNT stock opened at $111.41 on Monday. Allient has a 1 year low of $41.75 and a 1 year high of $118.67. The stock has a fifty day moving average of $93.83 and a two-hundred day moving average of $76.57. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.95 and a current ratio of 3.42. The firm has a market capitalization of $1.89 billion, a PE ratio of 65.54 and a beta of 1.61.

Allient (NASDAQ:ALNT) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.19. Allient had a net margin of 4.98% and a return on equity of 13.55%. The business had revenue of $153.77 million during the quarter, compared to analysts’ expectations of $145.68 million. As a group, research analysts expect that Allient will post 2.72 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Jefferies Financial Group set a $80.00 target price on Allient in a report on Tuesday, May 26th. Wall Street Zen raised Allient from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. upped their price target on Allient from $95.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Macquarie Infrastructure set a $80.00 price objective on Allient in a research report on Tuesday, May 26th. Finally, Weiss Ratings raised Allient from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $84.00.

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.