Allient Inc. (NASDAQ:ALNT) Announces Quarterly Dividend of $0.04

Key Points

• Allient declared a quarterly dividend of $0.04 per share, payable September 2 to shareholders of record on August 19. The annualized dividend is $0.16 per share, representing a 0.2% yield.
• The dividend appears well covered, with a current payout ratio of 7.2% and an expected future payout ratio of 5.3%, based on projected earnings of $3.00 per share next year.
• Allient reported quarterly earnings of $0.80 per share, beating estimates of $0.61, while revenue of $153.77 million also exceeded expectations. Shares opened at $93.25, and institutional investors own 61.57% of the stock.

Allient Inc. (NASDAQ:ALNT - Get Free Report) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Wednesday, August 19th will be paid a dividend of 0.04 per share on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, August 19th.

Allient has raised its dividend payment by an average of 0.1%per year over the last three years. Allient has a payout ratio of 7.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Allient to earn $3.00 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 5.3%.

Allient Stock Performance

Shares of ALNT opened at $93.25 on Thursday. The company has a market capitalization of $1.59 billion, a PE ratio of 65.21 and a beta of 1.61. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.15 and a current ratio of 3.73. The company's 50 day moving average price is $89.77 and its 200 day moving average price is $74.11. Allient has a 52 week low of $38.24 and a 52 week high of $104.65.

Allient (NASDAQ:ALNT - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.19. The company had revenue of $153.77 million during the quarter, compared to the consensus estimate of $145.68 million. Allient had a net margin of 4.25% and a return on equity of 12.47%. Research analysts expect that Allient will post 2.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Allient

Large investors have recently bought and sold shares of the business. Bank of America Corp DE increased its position in Allient by 3.3% during the first quarter. Bank of America Corp DE now owns 33,389 shares of the company's stock worth $1,973,000 after buying an additional 1,079 shares during the last quarter. Smith Group Asset Management LLC acquired a new stake in shares of Allient in the first quarter worth about $450,000. EverSource Wealth Advisors LLC lifted its position in shares of Allient by 5,102.3% in the first quarter. EverSource Wealth Advisors LLC now owns 2,289 shares of the company's stock worth $135,000 after buying an additional 2,245 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of Allient by 10.3% during the 1st quarter. Quantinno Capital Management LP now owns 11,701 shares of the company's stock worth $691,000 after acquiring an additional 1,088 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Allient by 87.9% during the 1st quarter. Sei Investments Co. now owns 55,424 shares of the company's stock worth $3,275,000 after acquiring an additional 25,935 shares in the last quarter. 61.57% of the stock is currently owned by institutional investors.

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.

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