Ingersoll Rand Inc. (NYSE:IR) Announces Quarterly Dividend of $0.02
by Jessica Moore · The Cerbat GemIngersoll Rand Inc. (NYSE:IR – Get Free Report) declared a quarterly dividend on Thursday, April 23rd. Investors of record on Thursday, May 14th will be given a dividend of 0.02 per share by the industrial products company on Thursday, June 4th. This represents a c) dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, May 14th.
Ingersoll Rand has a payout ratio of 2.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ingersoll Rand to earn $3.70 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 Up 1.6%
Shares of IR stock opened at $85.00 on Friday. The firm’s fifty day moving average price is $86.61 and its two-hundred day moving average price is $83.58. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47. Ingersoll Rand has a 1 year low of $72.45 and a 1 year high of $100.96. The firm has a market capitalization of $33.29 billion, a P/E ratio of 58.62, a PEG ratio of 5.25 and a beta of 1.33.
Ingersoll Rand (NYSE:IR – Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The industrial products company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.06. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Ingersoll Rand had a return on equity of 12.62% and a net margin of 7.60%.Ingersoll Rand’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.84 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. On average, equities analysts predict that Ingersoll Rand will post 3.4 EPS for the current fiscal year.
About Ingersoll Rand
Ingersoll Rand is a diversified industrial company that designs, manufactures and services a wide range of equipment and technologies for commercial, industrial and OEM customers. Its product portfolio includes air compressors and compressed air systems, pneumatic and cordless power tools, material handling and lifting equipment, fluid transfer and pumping solutions, and associated aftermarket parts and service offerings. The company’s products support applications across manufacturing, construction, transportation, oil and gas, mining and general industrial markets.
Ingersoll Rand sells through a combination of direct sales, distributor networks and service channels, delivering both capital equipment and recurring aftermarket revenue from parts, maintenance and service contracts.