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

Allient Inc. (NASDAQ:ALNT) declared a quarterly dividend on Wednesday, November 4th. Shareholders of record on Wednesday, November 18th will be given a dividend of $0.04 per share on Wednesday, December 2nd. This represents a $0.16 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, November 18th.

Allient has raised 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% indicating that its dividend is sufficiently covered by earnings. Analysts expect Allient to earn $3.27 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 Down 9.6%

Shares of NASDAQ:ALNT opened at $79.56 on Thursday. Allient has a 52 week low of $44.30 and a 52 week high of $121.42. 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 company has a market capitalization of $1.35 billion, a PE ratio of 46.80 and a beta of 1.62. The company has a 50 day moving average price of $99.28 and a two-hundred day moving average price of $82.72.

Allient (NASDAQ:ALNT) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.33. Allient had a return on equity of 13.55% and a net margin of 4.98%. The company had revenue of $164.40 million during the quarter, compared to the consensus estimate of $154.48 million. Analysts forecast that Allient will post 2.72 earnings per share for the current year.

Insider Transactions at Allient

In other Allient news, CEO Richard Warzala sold 70,000 shares of Allient stock in a transaction on Monday, August 10th. The shares were sold at an average price of $113.58, for a total value of $7,950,600.00. Following the sale, the chief executive officer directly owned 1,499,106 shares in the company, valued at approximately $170,268,459.48. The trade was a 4.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 15.00% of the company’s stock.

Hedge Funds Weigh In On Allient

A number of large investors have recently modified their holdings of ALNT. Bank of New York Mellon Corp bought a new stake in shares of Allient during the 2nd quarter worth approximately $9,051,000. BlackRock Inc. bought a new position in shares of Allient in the second quarter valued at $128,774,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Allient in the second quarter valued at $3,181,000. Sei Investments Co. increased its holdings in Allient by 87.9% during the first quarter. Sei Investments Co. now owns 55,424 shares of the company’s stock worth $3,275,000 after buying an additional 25,935 shares during the last quarter. Finally, Navellier & Associates Inc. increased its holdings in Allient by 158.7% during the second quarter. Navellier & Associates Inc. now owns 17,975 shares of the company’s stock worth $1,850,000 after buying an additional 11,027 shares during the last quarter. 61.57% of the stock is currently owned by institutional investors and hedge funds.

Allient Company Profile

Allient Inc (NASDAQ: ALNT) designs and manufactures precision and engineered products that control motion, power, and electromagnetic energy. Its portfolio includes motors, motion-control systems, electronic controls, power electronics, magnetic components, and related assemblies used in demanding industrial applications.

The company serves customers in markets such as medical equipment, aerospace and defense, industrial automation, robotics, transportation, and other specialized equipment industries.