Ingersoll Rand Inc. (NYSE:IR) Announces Quarterly Dividend of $0.02

Ingersoll Rand Inc. (NYSE:IR) declared a quarterly dividend on Thursday, October 22nd. Shareholders of record on Thursday, November 12th will be given a dividend of $0.02 per share by the industrial products company on Thursday, December 3rd. This represents a $0.08 dividend on an annualized basis and a 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 Down 0.6%

IR traded down $0.46 during trading hours on Friday, hitting $73.65. 955,492 shares of the company’s stock were exchanged, compared to its average volume of 4,035,413. Ingersoll Rand has a 1-year low of $68.07 and a 1-year high of $100.96. The stock’s 50-day moving average is $76.79 and its two-hundred day moving average is $78.40. The stock has a market cap of $28.58 billion, a price-to-earnings ratio of 30.34, a PEG ratio of 3.27 and a beta of 1.15. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.40.

Ingersoll Rand (NYSE:IR) last issued its quarterly 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 net margin of 12.08% and a return on equity of 12.90%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the business earned $0.80 EPS. The company’s revenue was up 8.5% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. Sell-side analysts predict that Ingersoll Rand will post 3.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Ingersoll Rand news, Director Aurobind Satpathy purchased 11,538 shares of the stock in a transaction on Monday, August 3rd. The shares were purchased at an average price of $86.68 per share, with a total value of $1,000,113.84. Following the completion of the transaction, the director directly owned 11,538 shares in the company, valued at $1,000,113.84. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bell Investment Advisors Inc bought a new stake in Ingersoll Rand in the 2nd quarter valued at $26,000. Continuum Advisory LLC acquired a new stake in Ingersoll Rand during the 2nd quarter valued at $27,000. Axiom Investment Management LLC bought a new position in Ingersoll Rand during the first quarter worth $37,000. MidFirst Bank bought a new position in Ingersoll Rand during the second quarter worth $41,000. Finally, Transamerica Financial Advisors LLC acquired a new position in shares of Ingersoll Rand in the second quarter valued at $42,000. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Company Profile

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.