Korea Investment CORP Buys 227,444 Shares of Ingersoll Rand Inc. $IR

Key Points

• Korea Investment CORP increased its stake in Ingersoll Rand by 93.9%, buying 227,444 shares to hold 469,665 shares worth about $38.8 million (≈0.12% of the company) at quarter-end.
• Quarterly results beat analysts' estimates—EPS $0.96 vs $0.90 and revenue $2.09B vs $2.04B—and the company set FY2026 guidance of 3.450–3.570 EPS (consensus sell-side estimate ~3.32).
• Insiders sold 584,771 shares (≈$55 million) over the last quarter, including notable sales by the CFO and a director, leaving insiders with about 0.68% ownership.

Korea Investment CORP boosted its position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 93.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 469,665 shares of the industrial products company's stock after buying an additional 227,444 shares during the period. Korea Investment CORP owned approximately 0.12% of Ingersoll Rand worth $38,804,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC increased its stake in Ingersoll Rand by 12.7% in the first quarter. AQR Capital Management LLC now owns 37,078 shares of the industrial products company's stock valued at $2,904,000 after acquiring an additional 4,167 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Ingersoll Rand by 4.8% during the first quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company's stock worth $494,000 after purchasing an additional 282 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Ingersoll Rand by 6.2% in the 1st quarter. Empowered Funds LLC now owns 7,731 shares of the industrial products company's stock valued at $619,000 after purchasing an additional 454 shares in the last quarter. Woodline Partners LP acquired a new stake in shares of Ingersoll Rand in the 1st quarter valued at $643,000. Finally, Savant Capital LLC increased its stake in shares of Ingersoll Rand by 12.6% in the 2nd quarter. Savant Capital LLC now owns 9,512 shares of the industrial products company's stock valued at $791,000 after purchasing an additional 1,065 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IR has been the subject of several recent analyst reports. Weiss Ratings restated a "hold (c)" rating on shares of Ingersoll Rand in a research report on Monday, December 29th. Stifel Nicolaus lifted their target price on Ingersoll Rand from $87.00 to $101.00 and gave the company a "hold" rating in a research report on Tuesday, February 17th. Zacks Research raised Ingersoll Rand from a "strong sell" rating to a "hold" rating in a research note on Friday, December 12th. Wells Fargo & Company increased their target price on shares of Ingersoll Rand from $92.00 to $110.00 and gave the stock an "overweight" rating in a report on Tuesday, February 17th. Finally, Barclays raised their price target on shares of Ingersoll Rand from $91.00 to $111.00 and gave the company an "overweight" rating in a research note on Tuesday, February 17th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $101.86.

Insider Buying and Selling at Ingersoll Rand

In related news, Director John Humphrey sold 4,300 shares of Ingersoll Rand stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $95.90, for a total transaction of $412,370.00. Following the sale, the director directly owned 23,983 shares in the company, valued at $2,299,969.70. This trade represents a 15.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vikram Kini sold 28,367 shares of the business's stock in a transaction that occurred 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 in the company, valued at $9,506,890.50. The trade was a 22.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 584,771 shares of company stock worth $54,976,547 over the last quarter. Insiders own 0.68% of the company's stock.

Ingersoll Rand Trading Up 0.3%

NYSE IR opened at $86.68 on Tuesday. The company has a market cap of $33.95 billion, a price-to-earnings ratio of 59.78, a price-to-earnings-growth ratio of 5.34 and a beta of 1.29. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month high of $100.96. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The business's fifty day moving average is $89.96 and its 200 day moving average is $83.10.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its earnings results on Thursday, February 12th. The industrial products company reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.06. Ingersoll Rand had a return on equity of 12.62% and a net margin of 7.60%.The business had revenue of $2.09 billion during the quarter, compared to analysts' expectations of $2.04 billion. During the same quarter in the prior year, the firm earned $0.84 EPS. The business's revenue for the quarter was up 10.1% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, sell-side analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Wednesday, March 4th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Wednesday, March 4th. Ingersoll Rand's dividend payout ratio (DPR) is 5.52%.

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.

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