Ingersoll Rand Inc. (IR) To Go Ex-Dividend on November 12th

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 dividend yield of 0.1%. The ex-dividend date is Thursday, November 12th.

Ingersoll Rand has a dividend payout ratio of 2.2% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of NYSE IR traded down $0.61 during midday trading on Friday, reaching $73.50. The stock had a trading volume of 5,660,137 shares, compared to its average volume of 4,521,308. The stock has a 50-day moving average of $76.59 and a 200-day moving average of $78.37. 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 market capitalization of $28.52 billion, a price-to-earnings ratio of 30.25, a price-to-earnings-growth ratio of 3.07 and a beta of 1.15. Ingersoll Rand has a 12-month low of $68.07 and a 12-month high of $100.96.

Ingersoll Rand (NYSE:IR) last released its earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. Ingersoll Rand’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.80 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. As a group, research analysts anticipate that Ingersoll Rand will post 3.41 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on IR. Stifel Nicolaus set a $93.00 price objective on Ingersoll Rand in a research note on Monday. Wall Street Zen downgraded Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday. Robert W. Baird upped their price target on Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Finally, Morgan Stanley set a $87.00 price objective on shares of Ingersoll Rand in a report on Monday, August 10th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

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.