Allient Inc. (NASDAQ:ALNT – Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Wednesday, August 19th will be given a dividend of 0.04 per share on Wednesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, August 19th.
Allient has increased its dividend payment by an average of 0.1%per year over the last three years. Allient has a dividend payout ratio of 7.2% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance
ALNT stock opened at $93.25 on Thursday. The stock has a market cap of $1.59 billion, a PE ratio of 65.21 and a beta of 1.61. Allient has a 12 month low of $38.24 and a 12 month high of $104.65. The company has a 50-day moving average price of $89.77 and a 200 day moving average price of $74.11. The company has a current ratio of 3.73, a quick ratio of 2.15 and a debt-to-equity ratio of 0.58.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on ALNT. Macquarie Infrastructure set a $80.00 price target on shares of Allient in a report on Tuesday, May 26th. Roth Capital reaffirmed a “buy” rating and set a $70.00 target price on shares of Allient in a research report on Friday, May 8th. Wall Street Zen lowered Allient from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Jefferies Financial Group set a $80.00 price target on Allient in a research note on Tuesday, May 26th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Allient from $80.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Allient presently has an average rating of “Moderate Buy” and an average price target of $79.83.
Read Our Latest Stock Report on Allient
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.
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