Ingersoll Rand Inc. (IR) To Go Ex-Dividend on March 4th

Ingersoll Rand Inc. (NYSE:IR) announced a quarterly dividend on Wednesday, February 11th. Investors of record on Wednesday, March 4th will be given a dividend of 0.02 per share by the industrial products company on Thursday, March 26th. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, March 4th.

Ingersoll Rand has a payout ratio of 2.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Down 2.3%

Ingersoll Rand stock opened at $94.56 on Friday. The firm has a market cap of $37.36 billion, a price-to-earnings ratio of 70.04, a price-to-earnings-growth ratio of 6.01 and a beta of 1.32. Ingersoll Rand has a 1 year low of $65.61 and a 1 year high of $100.00. The firm’s 50 day moving average price is $85.42 and its two-hundred day moving average price is $81.38. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.16.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings data on Thursday, February 12th. The industrial products company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.06. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. Ingersoll Rand had a return on equity of 12.14% and a net margin of 7.31%.The company’s revenue was up 10.1% compared to the same quarter last year. During the same period last year, the company posted $0.84 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. On average, research analysts predict that Ingersoll Rand will post 3.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on IR shares. Robert W. Baird dropped their target price on shares of Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Citigroup lifted their price objective on shares of Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 29th. Zacks Research upgraded Ingersoll Rand from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Finally, Wells Fargo & Company upped their price target on Ingersoll Rand from $87.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $92.13.

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.