Ingersoll Rand Inc. (IR) to Issue Quarterly Dividend of $0.02 on September 3rd

Ingersoll Rand Inc. (NYSE:IR) declared a quarterly dividend on Thursday, July 23rd. Investors of record on Thursday, August 13th will be paid a dividend of 0.02 per share by the industrial products company on Thursday, September 3rd. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, August 13th.

Ingersoll Rand has a payout ratio of 2.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ingersoll Rand to earn $3.69 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

NYSE:IR opened at $86.53 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.15 and a current ratio of 1.62. The company has a fifty day moving average of $80.04 and a two-hundred day moving average of $82.72. The stock has a market capitalization of $33.57 billion, a PE ratio of 35.61, a P/E/G ratio of 5.48 and a beta of 1.17. Ingersoll Rand has a fifty-two week low of $68.07 and a fifty-two week high of $100.96.

Ingersoll Rand (NYSE:IR) last issued its earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%.The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the prior year, the business earned $0.80 EPS. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. As a group, research analysts forecast that Ingersoll Rand will post 3.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on IR shares. Citigroup reduced their target price on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Morgan Stanley set a $87.00 price objective on Ingersoll Rand in a research report on Monday. Wall Street Zen cut Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Evercore set a $84.00 target price on Ingersoll Rand in a report on Monday, May 11th. Finally, Barclays lowered their target price on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Ingersoll Rand presently has an average rating of “Moderate Buy” and an average target price of $96.14.

Ingersoll Rand Company Profile

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.