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

Allient Inc. (NASDAQ:ALNT) announced a quarterly dividend on Wednesday, March 5th, RTT News reports. Shareholders of record on Thursday, March 20th will be paid a dividend of 0.03 per share on Thursday, April 3rd. This represents a $0.12 dividend on an annualized basis and a yield of 0.51%.

Allient has increased its dividend payment by an average of 4.6% annually over the last three years. Allient has a payout ratio of 5.3% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Up 2.2 %

Shares of NASDAQ ALNT traded up $0.52 during midday trading on Wednesday, hitting $23.74. The company’s stock had a trading volume of 78,414 shares, compared to its average volume of 85,610. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.10 and a quick ratio of 2.18. The firm has a market capitalization of $399.90 million, a price-to-earnings ratio of 26.98 and a beta of 1.61. The business’s fifty day simple moving average is $25.29 and its two-hundred day simple moving average is $22.76. Allient has a 1 year low of $16.91 and a 1 year high of $36.33.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Northland Securities upgraded Allient from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $30.00 to $35.00 in a research note on Tuesday, February 11th. Northland Capmk upgraded Allient from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th.

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.