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

Key Points

• Ingersoll Rand Inc. has declared a quarterly dividend of $0.02 per share, with shareholders of record receiving this payment on December 4th.
• The company reported a 4.6% increase in revenue compared to the previous year, with earnings per share of $0.80 meeting analyst expectations.
• Ingersoll Rand's dividend payout ratio is 2.2%, indicating the dividend is well-covered by earnings, as future projections still support this payout plan.

Ingersoll Rand Inc. (NYSE:IR - Get Free Report) announced a quarterly dividend on Thursday, October 23rd. Shareholders of record on Thursday, November 13th will be given a dividend of 0.02 per share by the industrial products company on Thursday, December 4th. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date is Thursday, November 13th.

Ingersoll Rand has a dividend payout ratio of 2.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Ingersoll Rand to earn $3.59 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

Shares of Ingersoll Rand stock opened at $80.44 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.29 and a quick ratio of 1.63. Ingersoll Rand has a one year low of $65.61 and a one year high of $106.03. The business has a 50-day simple moving average of $79.86 and a 200 day simple moving average of $80.35. The firm has a market capitalization of $31.97 billion, a price-to-earnings ratio of 62.84, a PEG ratio of 4.66 and a beta of 1.43.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.80 EPS for the quarter, hitting analysts' consensus estimates of $0.80. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.85 billion. Ingersoll Rand had a return on equity of 12.12% and a net margin of 7.10%.The company's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 EPS. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. On average, research analysts anticipate that Ingersoll Rand will post 3.32 earnings per share for the current fiscal year.

About Ingersoll Rand

Ingersoll Rand Inc provides various mission-critical air, gas, liquid, and solid flow creation technologies services and solutions worldwide. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies. The Industrial Technologies and Services segment designs, manufactures, markets, and services air and gas compression, vacuum, and blower products; fluid transfer equipment and loading systems; and power tools and lifting equipment, including associated aftermarket parts, consumables, air treatment equipment, controls, other accessories, and services under the under the Ingersoll Rand, Gardner Denver, Nash, CompAir, Elmo Rietschle brands, etc.

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