Allient Price Target Raised to $70 as Dividend Increases 33%
Roth Capital increased Allient’s price target to $70, implying a 5.5% upside from its $66.33 trading price. Allient posted Q1 earnings of $0.50 per share and $138.9 million revenue—below estimates but up year-over-year—and raised its quarterly dividend 33% to $0.04 per share.
1. Roth Capital Raises Price Target to $70
Roth Capital raised Allient’s price target to $70 per share, reflecting confidence in the company’s motion control and electrification product demand. At a trading price of $66.33, the new target implies a potential upside of approximately 5.5%.
2. Q1 Earnings and Revenue Performance
In Q1, Allient reported earnings of $0.50 per share and revenue of $138.92 million, missing estimates by $0.05 per share and 0.66%, respectively. Both metrics improved from $0.46 per share and $132.8 million revenue in the prior year, marking three beats out of four quarters.
3. Dividend Hike and Management Outlook
The board approved a 33% increase in the quarterly cash dividend to $0.04 per share, underscoring management’s confidence in cash flow generation. Leadership also cited a significant uptick in bookings, indicating sustained organic growth and effective strategy execution.