Ingersoll Rand Inc. (IR) To Go Ex-Dividend on March 5th

Ingersoll Rand Inc. (NYSE:IR) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Investors of record on Wednesday, March 5th will be paid a dividend of 0.02 per share by the industrial products company on Thursday, March 27th. This represents a $0.08 annualized dividend and a yield of 0.09%. The ex-dividend date of this dividend is Wednesday, March 5th.

Ingersoll Rand has increased its dividend by an average of 58.7% per year over the last three years. Ingersoll Rand has a payout ratio of 2.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Ingersoll Rand to earn $3.31 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 2.4%.

Ingersoll Rand Price Performance

Shares of NYSE IR opened at $92.57 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.36 and a quick ratio of 1.71. The stock has a market capitalization of $37.31 billion, a price-to-earnings ratio of 45.16, a PEG ratio of 3.66 and a beta of 1.43. The firm’s 50 day simple moving average is $93.29 and its 200-day simple moving average is $95.29. Ingersoll Rand has a 12 month low of $83.72 and a 12 month high of $106.03.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). Ingersoll Rand had a return on equity of 13.01% and a net margin of 11.72%. Analysts expect that Ingersoll Rand will post 3.2 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wells Fargo & Company cut their price objective on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Citigroup reduced their price objective on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Stifel Nicolaus decreased their price objective on shares of Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Robert W. Baird cut their target price on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Finally, Barclays decreased their price target on shares of Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ingersoll Rand has a consensus rating of “Moderate Buy” and an average price target of $105.92.

Ingersoll Rand Company Profile

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.