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

Ingersoll Rand Inc. (NYSE:IR) declared a quarterly dividend on Thursday, April 23rd. Shareholders 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) annualized dividend and a yield of 0.1%. The ex-dividend date is Thursday, May 14th.

Ingersoll Rand has a payout ratio of 2.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ingersoll Rand to earn $3.70 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 Price Performance

IR stock opened at $85.00 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. Ingersoll Rand has a 12 month low of $72.45 and a 12 month high of $100.96. The firm has a market cap of $33.29 billion, a P/E ratio of 58.62, a P/E/G ratio of 5.25 and a beta of 1.33. The company’s 50-day moving average price is $86.61 and its two-hundred day moving average price is $83.58.

Ingersoll Rand (NYSE:IR) last released its earnings results on Thursday, February 12th. The industrial products company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.90 by $0.06. Ingersoll Rand had a net margin of 7.60% and a return on equity of 12.62%. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the firm earned $0.84 EPS. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. On average, analysts anticipate that Ingersoll Rand will post 3.4 earnings per share 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.