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DAVIDSON, N.C. - Ingersoll Rand Inc. (NYSE:IR), a global company specializing in flow creation and industrial solutions with a market capitalization of $30.62 billion, announced a regular quarterly cash dividend of $0.02 per share, representing a yield of 0.11%. The dividend is payable on June 5, 2025, to shareholders of record as of May 15, 2025.
The company, which operates under more than 80 brands, is known for its performance and durability in providing critical solutions across various sectors, including life sciences and industry. With annual revenue of $7.235 billion, Ingersoll Rand emphasizes a culture of entrepreneurial spirit and ownership mindset, focusing on enhancing the wellbeing of its employees, customers, shareholders, and the environment. According to InvestingPro analysis, the company maintains a strong financial health rating of GOOD, with liquid assets comfortably exceeding short-term obligations.
This dividend declaration follows Ingersoll Rand’s commitment to delivering value to its shareholders and demonstrates the company’s financial stability and confidence in its business operations.
Investors holding shares of Ingersoll Rand can expect the dividend to be distributed in early June, following the record date in mid-May. The announcement is based on a press release statement from Ingersoll Rand.
In other recent news, Ingersoll Rand Inc. reported fourth-quarter earnings that slightly missed analyst estimates, with adjusted earnings per share at $0.84, compared to the expected $0.85. Revenue for the quarter reached $1.9 billion, falling just short of the anticipated $1.93 billion, but still marking a 4% increase from the previous year. The company provided guidance for 2025, projecting adjusted earnings per share between $3.38 and $3.50 and anticipating revenue growth of 3% to 5%. Ingersoll Rand also expanded its air treatment portfolio with the acquisition of G & D Chillers, Inc. and Advanced Gas Technologies Inc. for approximately $27 million, enhancing its manufacturing capabilities in North America and strengthening its presence in Canada. Furthermore, the company appointed Michelle Swanenburg from T. Rowe Price to its Board of Directors, bringing extensive HR leadership experience to the team. Meanwhile, Julie A. Schertell stepped down from the board, with no disagreements cited. Analyst firm Stifel adjusted its price target for Ingersoll Rand to $94, maintaining a Hold rating, following a mixed regional performance in the fourth quarter and a slight dip in revenue forecasts for 2025. The company continues to focus on its IRX initiative to drive operational excellence and growth.
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