Allient Inc. (ALNT) To Go Ex-Dividend on November 18th

Allient Inc. (NASDAQ:ALNT) declared a quarterly dividend on Wednesday, November 4th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, November 18th.

Allient has increased its dividend 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 Price Performance

Shares of NASDAQ:ALNT opened at $75.48 on Friday. The company has a 50 day moving average of $98.93 and a 200 day moving average of $82.79. The stock has a market cap of $1.28 billion, a P/E ratio of 34.00 and a beta of 1.62. Allient has a 12 month low of $44.30 and a 12 month high of $121.42. The company has a current ratio of 3.42, a quick ratio of 1.95 and a debt-to-equity ratio of 0.56.

Allient (NASDAQ:ALNT) last posted its earnings results on Wednesday, November 4th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.33. Allient had a net margin of 6.24% and a return on equity of 16.06%. The business had revenue of $164.40 million for the quarter, compared to analyst estimates of $155.25 million. As a group, sell-side analysts forecast that Allient will post 2.72 EPS for the current fiscal year.

Insider Activity at Allient

In related news, CEO Richard Warzala sold 70,000 shares of Allient stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $113.58, for a total transaction of $7,950,600.00. Following the sale, the chief executive officer directly owned 1,499,106 shares in the company, valued at $170,268,459.48. The trade was a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 15.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Allient

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in shares of Allient by 29.3% during the third quarter. GAMMA Investing LLC now owns 485 shares of the company’s stock valued at $54,000 after buying an additional 110 shares during the last quarter. Smith Group Asset Management LLC increased its position in Allient by 1.7% during the third quarter. Smith Group Asset Management LLC now owns 12,408 shares of the company’s stock valued at $1,385,000 after acquiring an additional 207 shares during the last quarter. Jag Capital Management LLC lifted its stake in shares of Allient by 5.1% in the 1st quarter. Jag Capital Management LLC now owns 5,107 shares of the company’s stock worth $302,000 after purchasing an additional 246 shares during the period. Meeder Asset Management Inc. bought a new position in Allient in the second quarter worth approximately $25,000. Finally, Kilter Group LLC bought a new position in Allient in the 2nd quarter worth $37,000. Hedge funds and other institutional investors own 61.57% of the company’s stock.

About Allient

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.