Ingersoll Rand Inc. (NYSE:IR) Shares Set to Pay Quarterly Dividend of $0.02

by · The Cerbat Gem

Ingersoll Rand Inc. (NYSE:IR – Get Free Report) declared a quarterly dividend on Thursday, October 22nd. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.02 per share by the industrial products company on Thursday, December 3rd. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, November 12th.

Ingersoll Rand has a dividend payout ratio of 2.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Ingersoll Rand to earn $3.68 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 2.2%.

Ingersoll Rand Stock Performance

Shares of NYSE:IR traded down $0.41 during midday trading on Friday, hitting $73.70. The stock had a trading volume of 472,161 shares, compared to its average volume of 4,034,375. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.40. The stock has a 50 day moving average price of $76.79 and a two-hundred day moving average price of $78.40. Ingersoll Rand has a 1 year low of $68.07 and a 1 year high of $100.96. The company has a market capitalization of $28.60 billion, a PE ratio of 30.30, a P/E/G ratio of 3.27 and a beta of 1.15.

Ingersoll Rand (NYSE:IR – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.03. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.96 billion. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%. Ingersoll Rand’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the business posted $0.80 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. As a group, equities analysts predict that Ingersoll Rand will post 3.41 earnings per share for the current fiscal year.

Insider Transactions at Ingersoll Rand

In related news, Director Aurobind Satpathy acquired 11,538 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were acquired at an average cost of $86.68 per share, for a total transaction of $1,000,113.84. Following the acquisition, the director directly owned 11,538 shares in the company, valued at approximately $1,000,113.84. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On Ingersoll Rand

A number of large investors have recently bought and sold shares of the stock. Fifth Third Bancorp boosted its holdings in Ingersoll Rand by 388.7% in the first quarter. Fifth Third Bancorp now owns 81,961 shares of the industrial products company’s stock valued at $6,567,000 after acquiring an additional 65,189 shares during the last quarter. Man Group plc purchased a new stake in Ingersoll Rand during the second quarter valued at about $1,675,000. Hsbc Holdings PLC increased its stake in Ingersoll Rand by 4.4% during the first quarter. Hsbc Holdings PLC now owns 705,454 shares of the industrial products company’s stock worth $56,415,000 after acquiring an additional 29,914 shares during the last quarter. Tidal Investments LLC increased its stake in Ingersoll Rand by 20.0% during the second quarter. Tidal Investments LLC now owns 199,302 shares of the industrial products company’s stock worth $16,341,000 after acquiring an additional 33,175 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. raised its holdings in shares of Ingersoll Rand by 66.7% in the 1st quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 31,098 shares of the industrial products company’s stock worth $2,492,000 after purchasing an additional 12,446 shares during the period. Hedge funds and other institutional investors own 95.27% of the company’s stock.

About Ingersoll Rand

(Get Free Report)

Ingersoll Rand Inc (NYSE:IR) is a global provider of mission-critical industrial technologies and solutions. The company designs and manufactures equipment used to manage air, gas, fluids, and other industrial processes, serving customers in manufacturing, energy, food and beverage, life sciences, transportation, and other markets.

Its portfolio includes air compressors, vacuum and blower systems, fluid-handling equipment, pumps, dosing and dispensing systems, and related aftermarket parts and services.

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