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

Key Points

• Allient Inc. has declared a quarterly dividend of $0.03 per share, with investors of record receiving this payment on September 4th, representing an annual yield of 0.3%.
• The company's payout ratio is 5.4%, indicating that its dividend is well-supported by its earnings, with analysts projecting earnings of $1.83 per share next year.
• Allient's stock has recently traded at $40.11, reflecting a 0.8% increase, and it has a market capitalization of approximately $679.06 million.

Allient Inc. (NASDAQ:ALNT - Get Free Report) declared a quarterly dividend on Wednesday, August 6th, RTT News reports. Investors of record on Thursday, August 21st will be given a dividend of 0.03 per share on Thursday, September 4th. This represents a c) annualized dividend and a yield of 0.3%.

Allient has a payout ratio of 5.4% meaning its dividend is sufficiently covered by earnings. 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 Trading Up 0.8%

Shares of ALNT stock traded up $0.32 during mid-day trading on Wednesday, reaching $40.11. The company's stock had a trading volume of 177,749 shares, compared to its average volume of 109,778. The company's 50 day simple moving average is $36.45 and its 200-day simple moving average is $28.71. The company has a quick ratio of 2.35, a current ratio of 4.03 and a debt-to-equity ratio of 0.81. Allient has a 12-month low of $16.91 and a 12-month high of $40.71. The firm has a market capitalization of $679.06 million, a PE ratio of 67.98 and a beta of 1.52.

Allient (NASDAQ:ALNT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.13. Allient had a return on equity of 8.45% and a net margin of 1.90%. The firm had revenue of $134.62 million during the quarter, compared to analyst estimates of $125.00 million. On average, research analysts predict that Allient will post 1.43 EPS for the current fiscal year.

Institutional Trading of Allient

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new stake in Allient in the 1st quarter valued at approximately $60,000. Citadel Advisors LLC lifted its position in shares of Allient by 8.5% in the fourth quarter. Citadel Advisors LLC now owns 73,880 shares of the company's stock worth $1,794,000 after purchasing an additional 5,769 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Allient by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 345,726 shares of the company's stock worth $8,396,000 after purchasing an additional 1,560 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Allient during the fourth quarter worth $41,000. Finally, Envestnet Asset Management Inc. grew its position in Allient by 26.7% in the first quarter. Envestnet Asset Management Inc. now owns 104,988 shares of the company's stock valued at $2,308,000 after purchasing an additional 22,098 shares in the last quarter. Institutional investors and hedge funds own 61.57% of the company's stock.

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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