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

Ingersoll Rand Inc. (NYSE:IR) announced 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 payout ratio of 2.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Ingersoll Rand to earn $3.73 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 2.1%.

Ingersoll Rand Trading Up 4.8%

NYSE IR opened at $86.97 on Tuesday. The firm’s 50-day moving average is $76.85 and its two-hundred day moving average is $81.15. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.69 and a quick ratio of 1.24. Ingersoll Rand has a 12 month low of $68.07 and a 12 month high of $100.96. The stock has a market capitalization of $33.40 billion, a P/E ratio of 24.50, a PEG ratio of 3.56 and a beta of 1.15.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Thursday, October 29th. The industrial products company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.17. The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.05 billion. Ingersoll Rand had a net margin of 17.20% and a return on equity of 13.47%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.86 EPS. On average, sell-side analysts anticipate that Ingersoll Rand will post 3.47 earnings per share for the current year.

About Ingersoll Rand

Ingersoll Rand Inc (NYSE: IR) is a global industrial company that designs and manufactures equipment and technologies used to move, manage and control air, gases, fluids and other materials. Its products include air and gas compressors, vacuum and blower systems, pumps, and related components and services.

The company also supplies precision and science technologies for applications such as fluid handling, material processing and life sciences. Its equipment and services support customers across a range of industries, including manufacturing, energy, healthcare and food and beverage.

The modern Ingersoll Rand was formed in 2020 through the combination of Gardner Denver and the industrial business of the former Ingersoll-Rand plc; the Ingersoll Rand name has roots dating to the 19th century.