Ingersoll Rand Inc. $IR Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management raised its stake in Ingersoll Rand by 5.4% to 790,990 shares (about $63.1M), and institutional investors now own roughly 95.27% of the company.
• Insiders have been net sellers: Kathleen M. Keene and CFO Vikram Kini made recent sizable sales, and insiders sold a total of 324,263 shares worth $31.08M over the past three months (insider ownership 0.49%).
• Ingersoll Rand beat quarterly EPS expectations ($0.77 vs. $0.74) and set FY2026 guidance of 3.450–3.570 EPS, but analysts have trimmed targets and the consensus rating is a "Hold" with a $94.71 target while the stock trades around $77.49 (P/E 52.36).

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 790,990 shares of the industrial products company's stock after acquiring an additional 40,615 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.20% of Ingersoll Rand worth $63,089,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Torren Management LLC acquired a new stake in Ingersoll Rand in the 4th quarter valued at about $32,000. Salomon & Ludwin LLC increased its holdings in shares of Ingersoll Rand by 166.9% during the 4th quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company's stock worth $35,000 after buying an additional 267 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Ingersoll Rand during the 3rd quarter worth approximately $36,000. Westside Investment Management Inc. increased its holdings in shares of Ingersoll Rand by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company's stock worth $39,000 after buying an additional 232 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd increased its holdings in shares of Ingersoll Rand by 55.3% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company's stock worth $40,000 after buying an additional 173 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company's stock.

Insider Buying and Selling

In other news, insider Kathleen M. Keene sold 12,000 shares of Ingersoll Rand stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $99.46, for a total transaction of $1,193,520.00. Following the completion of the sale, the insider directly owned 3,528 shares of the company's stock, valued at approximately $350,894.88. The trade was a 77.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vikram Kini sold 28,367 shares of Ingersoll Rand stock in a transaction on Friday, February 20th. The stock was sold at an average price of $96.50, for a total transaction of $2,737,415.50. Following the sale, the chief financial officer directly owned 98,517 shares of the company's stock, valued at approximately $9,506,890.50. This trade represents a 22.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 324,263 shares of company stock worth $31,075,021 over the last three months. 0.49% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IR. Robert W. Baird set a $103.00 price target on shares of Ingersoll Rand in a report on Thursday, April 30th. Wall Street Zen downgraded shares of Ingersoll Rand from a "buy" rating to a "hold" rating in a report on Saturday, April 11th. Wells Fargo & Company cut their price target on shares of Ingersoll Rand from $90.00 to $88.00 and set an "overweight" rating for the company in a report on Thursday, April 30th. Barclays lowered their price objective on shares of Ingersoll Rand from $100.00 to $95.00 and set an "overweight" rating for the company in a research report on Thursday, April 30th. Finally, Citigroup lowered their price objective on shares of Ingersoll Rand from $113.00 to $109.00 and set a "buy" rating for the company in a research report on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Ingersoll Rand has an average rating of "Hold" and a consensus target price of $94.71.

Ingersoll Rand Stock Performance

NYSE:IR opened at $77.49 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.23. The stock has a market capitalization of $30.33 billion, a P/E ratio of 52.36, a PEG ratio of 4.97 and a beta of 1.25. The company has a 50 day moving average price of $83.93 and a 200 day moving average price of $83.74. Ingersoll Rand Inc. has a fifty-two week low of $72.45 and a fifty-two week high of $100.96.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.74 by $0.03. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. The company had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.83 billion. During the same quarter last year, the company posted $0.72 EPS. The firm's revenue was up 7.6% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities research analysts forecast that Ingersoll Rand Inc. will post 3.38 EPS for the current year.

Ingersoll Rand Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, May 14th. Ingersoll Rand's dividend payout ratio (DPR) is currently 5.41%.

About Ingersoll Rand

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.

Want to see what other hedge funds are holding IR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingersoll Rand Inc. (NYSE:IR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.